Origin Bancorp, Inc. (NYSE:OBK) Announces Quarterly Dividend of $0.25

Origin Bancorp, Inc. (NYSE:OBK) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 14th will be given a dividend of 0.25 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 14th.

Origin Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Origin Bancorp has a payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Origin Bancorp to earn $4.27 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.4%.

Origin Bancorp Trading Down 0.4%

NYSE:OBK opened at $51.57 on Thursday. The firm has a market cap of $1.59 billion, a P/E ratio of 19.99 and a beta of 0.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. Origin Bancorp has a 12-month low of $32.13 and a 12-month high of $53.20. The stock’s 50 day simple moving average is $49.46 and its 200-day simple moving average is $45.14.

Origin Bancorp (NYSE:OBK) last released its earnings results on Wednesday, July 22nd. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $107.59 million during the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. Equities analysts anticipate that Origin Bancorp will post 3.97 EPS for the current year.

Origin Bancorp Company Profile

Origin Bancorp, Inc (NYSE: OBK) is a bank holding company based in Atlanta, Georgia, and is the parent of Origin Bank, a full-service commercial banking franchise. The company provides a broad range of financial products and services to individuals, small and middle-market businesses, and institutional clients across the southeastern United States.

Through Origin Bank, the company offers a variety of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit.