Origin Bancorp Inc (NASDAQ:OBNK) Reports Earnings, Beats Estimates of $0.01 per EPS

Origin Bancorp Inc (NASDAQ:OBNK – Get Rating) announced its results on Wednesday. The company reported earnings per share of $0.87 for the quarter, beating the consensus estimate of $0.86 by $0.01, MarketWatch Earnings reports. Origin Bancorp achieved a return on equity of 15.62% and a net margin of 35.72%. In the same quarter a year earlier, the company posted earnings of $1.08 per share.

Shares of Origin Bancorp were down $1.62 midday Friday, hitting $37.68. 58,359 shares of the company were traded, against an average volume of 56,584. The company has a 50-day simple moving average of $42.66 and a 200-day simple moving average of $43.42. The company has a debt ratio of 0.64, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $894.86 million, a P/E ratio of 8.56 and a beta of 0.99. Origin Bancorp has a 52-week low of $37.40 and a 52-week high of $47.58.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Investors of record on Tuesday, May 17 will receive a dividend of $0.15. The ex-dividend date is Monday, May 16. This represents a dividend of $0.60 on an annualized basis and a yield of 1.59%. This is a boost from Origin Bancorp’s previous quarterly dividend of $0.13. Origin Bancorp’s payout ratio is currently 11.33%.

Hedge funds have recently changed their positions in the stock. Royal Bank of Canada increased its stake in Origin Bancorp by 68.8% during the third quarter. Royal Bank of Canada now owns 2,556 shares of the company worth $109,000 after buying an additional 1,042 shares in the last quarter. The Canada Pension Plan Investment Board acquired a new stake in Origin Bancorp during the 4th quarter for a value of approximately $172,000. Cubist Systematic Strategies LLC purchased a new stake in Origin Bancorp during Q4 for approximately $216,000. BNP Paribas Arbitrage SA increased its stake in Origin Bancorp by 164.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,831 shares in the company valued at $247,000 after purchasing an additional 3,623 shares last quarter. Finally, Citigroup Inc. increased its position in Origin Bancorp by 43.9% in the 4th quarter. Citigroup Inc. now owns 8,834 shares of the company valued at $379,000 after buying 2,697 additional shares in the last quarter. 54.73% of the shares are held by hedge funds and other institutional investors.

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Separately, Zacks Investment Research downgraded shares of Origin Bancorp from a “buy” rating to a “hold” rating in a Wednesday, March 2 research note.

About Origin Bancorp (Get an evaluation)

Origin Bancorp, Inc operates as a bank holding company for Origin Bank which provides banking and financial services to small and medium-sized businesses, municipalities, high net worth individuals and retail customers in Texas, Louisiana and Mississippi. It offers interest-free and interest-bearing checking accounts, savings deposits, money market accounts, and term deposits; and offers commercial real estate, construction and land development, consumer goods, residential, commercial and industrial real estate loans, warehouse mortgages, residential mortgages and paycheck protection programs.

Further reading

Earnings history for Origin Bancorp (NASDAQ: OBNK)

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