Origin Bancorp Inc (NASDAQ:OBNK) declared a quarterly dividend on Friday, November 30th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.0325 per share on Monday, December 31st. This represents a $0.13 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, December 13th.

Origin Bancorp has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Origin Bancorp to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 5.1%.

Shares of NASDAQ OBNK opened at $35.36 on Friday. Origin Bancorp has a one year low of $27.41 and a one year high of $42.31. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.69.

Origin Bancorp (NASDAQ:OBNK) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Origin Bancorp had a return on equity of 9.99% and a net margin of 20.57%. The firm had revenue of $49.73 million during the quarter, compared to analyst estimates of $49.77 million. Equities research analysts forecast that Origin Bancorp will post 2.08 EPS for the current year.

A number of brokerages have commented on OBNK. Zacks Investment Research upgraded Origin Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, September 12th. Raymond James decreased their price objective on Origin Bancorp from $46.00 to $42.00 and set a “strong-buy” rating for the company in a research report on Friday, October 26th. Finally, Stephens restated a “buy” rating and set a $44.00 price objective on shares of Origin Bancorp in a research report on Thursday, October 25th.

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Origin Bancorp Company Profile

Origin Bancorp, Inc operates as the 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 Louisiana, Texas, and Mississippi. It offers accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and grants single and multi-family real estate, residential construction, and commercial building loans, as well as loans to small and medium-sized businesses, and consumers.

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