Shares of Origin Bancorp, Inc. (NASDAQ:OBNK – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $38.96, but opened at $38.00. Origin Bancorp shares last traded at $36.47, with a volume of 24,972 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler downgraded shares of Origin Bancorp from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $46.00 to $41.00 in a report on Friday.
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Origin Bancorp Stock Performance
The company has a market cap of $1.13 billion, a P/E ratio of 11.21 and a beta of 0.94. The company's 50-day moving average is $38.06 and its two-hundred day moving average is $40.21. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.72.
Origin Bancorp (NASDAQ:OBNK – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The company had revenue of $92.25 million for the quarter, compared to the consensus estimate of $90.80 million. Origin Bancorp had a net
margin of 22.85% and a return on equity of 11.80%. Equities analysts predict that Origin Bancorp, Inc. will post 4.48 EPS for the current year.
Origin Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. Origin Bancorp's dividend payout ratio is presently 18.24%.
Hedge Funds Weigh In On Origin Bancorp
Large investors have recently modified their holdings of the company. RMB Capital Management LLC bought a new position in shares of Origin Bancorp in the second quarter valued at approximately $9,118,000. Tributary Capital Management LLC bought a new position in shares of Origin Bancorp in the third quarter valued at approximately $9,670,000. Amalgamated Bank bought a new position in shares of Origin Bancorp in the first quarter valued at approximately $120,000. Summit Global Investments boosted its position in shares of Origin Bancorp by 43.8% in the second quarter. Summit Global Investments now owns 19,700 shares of the company's stock valued at $764,000 after acquiring an additional 6,000 shares during the period. Finally, Barclays PLC boosted its position in shares of Origin Bancorp by 6.4% in the third quarter. Barclays PLC now owns 39,275 shares of the company's stock valued at $1,511,000 after acquiring an additional 2,362 shares during the period. 47.20% of the stock is currently owned by institutional investors.
About Origin Bancorp
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Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, residential mortgage, and paycheck protection program loans.
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