Origin Bancorp, Inc. (OBK) To Go Ex-Dividend on November 13th

Origin Bancorp, Inc. (TXSE:OBK) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.28 per share on Monday, November 30th. This represents a $1.12 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, November 13th.

Origin Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 4 years. Origin Bancorp has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Origin Bancorp to earn $4.46 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 25.1%.

Origin Bancorp Stock Up 0.9%

Shares of OBK stock opened at $54.24 on Wednesday. The company’s fifty day simple moving average is $53.03 and its two-hundred day simple moving average is $48.69. Origin Bancorp has a 52 week low of $32.28 and a 52 week high of $58.00. The stock has a market cap of $1.67 billion, a P/E ratio of 16.95 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.

Origin Bancorp (TXSE:OBK) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.22 earnings per share for the quarter. Origin Bancorp had a return on equity of 7.97% and a net margin of 16.26%. The firm had revenue of $113.22 million during the quarter. Analysts predict that Origin Bancorp will post 4.11 EPS for the current fiscal year.

About Origin Bancorp

Origin Bancorp, Inc. is a regional bank holding company headquartered in Ruston, Louisiana. Through its primary subsidiary, Origin Bank, the company provides banking and financial services to businesses, individuals and communities. Origin Bank offers commercial and small-business lending, consumer loans, residential mortgage lending, deposit accounts, treasury management, cash-management services and wealth-related solutions. Its commercial banking activities include financing for operating needs, real estate and other business purposes, while its consumer offerings include personal deposits and lending products.