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

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

Origin Bancorp has increased its dividend 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of OBK opened at $51.57 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. Origin Bancorp has a one year low of $32.13 and a one year high of $53.20. The stock has a market cap of $1.59 billion, a P/E ratio of 19.99 and a beta of 0.72. The stock has a 50-day moving average of $49.46 and a two-hundred day moving average of $45.14.

Origin Bancorp (NYSE:OBKGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $107.59 million for the quarter. Origin Bancorp had a net margin of 13.46% and a return on equity of 6.53%. As a group, research analysts predict that Origin Bancorp will post 3.97 EPS for the current year.

Key Stories Impacting Origin Bancorp

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Origin Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Origin Bancorp (NYSE:OBK)

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