Origin Bancorp, Inc. (NASDAQ:OBNK) – Investment analysts Piper Sandler cut their first-quarter 2022 earnings estimates for Origin Bancorp in a research report released Thursday, January 27. Piper Sandler analyst B. Milsaps now expects the company to earn $0.81 per share for the quarter, down from its previous forecast of $0.88. Piper Sandler also released estimates for Origin Bancorp Q3 2022 earnings at $0.88 EPS, FY2022 earnings at $3.40 EPS, Q1 2023 earnings at $0.86 EPS, Q2 2023 earnings at $0.86 EPS $0.95 EPS, Q3 2023 earnings at $1.02 EPS, Q4 2023 earnings at $0.97 EPS and FY2023 earnings at $3.80 EPS.
OBNK has been the subject of a number of other research reports. Zacks Investment Research moved shares of Origin Bancorp from a “hold” rating to a “buy” rating and set a target price of $48.00 on the stock in a report on Wednesday, December 29. Raymond James raised his price target on Origin Bancorp shares from $50.00 to $55.00 and gave the stock a “strong buy” rating in a Tuesday, November 2 research report.
Shares of NASDAQ OBNK opened at $41.87 on Monday. The company has a debt ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.89. The stock has a market capitalization of $983.78 million, a P/E ratio of 10.11 and a beta of 1.09. The company has a 50-day simple moving average of $43.25. Origin Bancorp has a 12-month low of $30.20 and a 12-month high of $47.58. Origin Bancorp Inc (NASDAQ:OBNK) last released its quarterly results on Wednesday, January 26. The company reported earnings per share (EPS) of $1.20 for the quarter, beating consensus analyst estimates of $0.94 by $0.26. Origin Bancorp had a return on equity of 14.50% and a net margin of 32.40%. In the same quarter a year earlier, the company posted earnings per share of $0.75.
A number of hedge funds have recently increased or reduced their holdings in OBNK. Allspring Global Investments Holdings LLC purchased a new stock position in Origin Bancorp during the fourth quarter, valued at approximately $542,000. John W. Rosenthal Capital Management Inc. increased its position in Origin Bancorp by 41.8% in the fourth quarter. John W. Rosenthal Capital Management Inc. now owns 32,750 shares of the company worth $1,406,000 after acquiring an additional 9,650 shares during the period. Summit Financial Wealth Advisors LLC increased its position in Origin Bancorp shares by 10.2% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 15,667 shares of the company valued at $692,000 after purchasing an additional 1,450 shares during the period. Bank of New York Mellon Corp increased its position in shares of Origin Bancorp by 6.4% during the third quarter. Bank of New York Mellon Corp now owns 102,465 shares of the company valued at $4,340,000 after purchasing an additional 6,126 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Origin Bancorp shares 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 during the period. 55.76% of the shares are held by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 28. Shareholders of record on Monday, February 14 will receive a dividend of $0.13 per share. This represents an annualized dividend of $0.52 and a dividend yield of 1.24%. The ex-date of this dividend is Friday, February 11. Origin Bancorp’s dividend payout ratio (DPR) is 12.56%.
About Origin Bancorp
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.
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