Equity research analysts expect Origin Bancorp, Inc. (NASDAQ:OBNK) to report sales of $66.15 million for the current quarter, Zacks reports. Two analysts have made earnings estimates for Origin Bancorp. The lowest sales estimate is $65.50 million and the highest is $66.80 million. Origin Bancorp reported sales of $67.20 million in the same quarter last year, suggesting a negative 1.6% year-over-year growth rate. The company is expected to release its next results after the market closes on Wednesday, January 26.
According to Zacks, analysts expect Origin Bancorp to report annual sales of $272.87 million for the current year, with estimates ranging from $271.40 million to $274.35 million. . For the next fiscal year, analysts expect the company to record sales of $263.39 million, with estimates ranging from $263.00 to $263.78 million. Zacks sales averages are an average based on a survey of analysts who follow Origin Bancorp.
Origin Bancorp Inc (NASDAQ:OBNK) last announced its results on Tuesday, October 26. The company reported EPS of $1.14 for the quarter, beating consensus analyst estimates of $0.98 by $0.16. Origin Bancorp had a return on equity of 14.50% and a net margin of 32.40%. The company posted revenue of $68.46 million in the quarter, compared to $67.74 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.56.
A number of stock analysts have commented on the company. Zacks Investment Research upgraded Origin Bancorp from a “hold” rating to a “buy” rating and set a target price of $48.00 for the company in a Wednesday, Dec. 29 report. Raymond James raised his price target on Origin Bancorp from $50.00 to $55.00 and gave the company a “Strong Buy” rating in a Tuesday, November 2 report. Four research analysts gave the stock a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, Origin Bancorp has an average rating of “Buy” and an average price target of $47.75.
Shares of Origin Bancorp opened at $44.71 on Friday. The company has a 50-day simple moving average of $43.95 and a two-hundred-day simple moving average of $42.49. Origin Bancorp has a 12-month low of $27.60 and a 12-month high of $47.58. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.80 and a beta of 1.09. The company has a debt ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.89.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Friday, November 19 received a dividend of $0.13. The ex-dividend date was Thursday, November 18. This represents a dividend of $0.52 on an annualized basis and a dividend yield of 1.16%. Origin Bancorp’s dividend payout ratio (DPR) is currently 12.56%.
Hedge funds have recently been buying and selling shares of the company. AQR Capital Management LLC increased its position in Origin Bancorp shares by 132.7% in the second quarter. AQR Capital Management LLC now owns 41,217 shares of the company valued at $1,750,000 after purchasing an additional 23,506 shares last quarter. State of New Jersey Common Pension Fund D increased its position in Origin Bancorp by 15.0% in the third quarter. New Jersey State Joint Pension Fund D now owns 65,920 shares of the company worth $2,792,000 after acquiring 8,618 additional shares during the period. Citigroup Inc. increased its position in Origin Bancorp by 155.7% in the second quarter. Citigroup Inc. now owns 6,265 shares of the company worth $266,000 after acquiring 3,815 additional shares during the period. Geode Capital Management LLC increased its position in Origin Bancorp by 1.2% in the second quarter. Geode Capital Management LLC now owns 377,816 shares of the company worth $16,042,000 after acquiring an additional 4,357 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Origin Bancorp by 21.3% in the second quarter. Qube Research & Technologies Ltd now owns 10,084 shares in the company worth $428,000 after acquiring an additional 1,773 shares during the period. Institutional investors and hedge funds own 55.76% of the company’s shares.
Origin Bancorp Company Profile
Origin Bancorp, Inc is a bank holding company that provides financial services to small and medium-sized businesses, municipalities, high net worth individuals and retail customers. The Company’s products and services include loans, deposits, mortgage banking and insurance. It also offers other banking services such as internet banking and voice response information, mobile apps, cash management, overdraft protection, direct deposit, safe deposit boxes, U.S.
Recommended Story: Blockchain
Get a Free Copy of Zacks’ Research Report on Origin Bancorp (OBNK)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Origin Bancorp right now?
Before you consider Origin Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Origin Bancorp was not on the list.
Although Origin Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here