DA Davidson Predicts Reduced Earnings for Origin Bancorp

Origin Bancorp, Inc. (NASDAQ:OBK) – DA Davidson decreased their FY2024 earnings per share (EPS) estimates for shares of Origin Bancorp in a report released on Tuesday, November 5th. DA Davidson analyst M. Navas now anticipates that the company will post earnings per share of $2.45 for the year, down from their previous forecast of $2.52. DA Davidson has a “Buy” rating and a $38.00 price objective on the stock. The consensus estimate for Origin Bancorp’s current full-year earnings is $2.47 per share. DA Davidson also issued estimates for Origin Bancorp’s Q4 2024 earnings at $0.53 EPS and FY2025 earnings at $2.55 EPS.

Origin Bancorp (NASDAQ:OBK) last issued its earnings results on Wednesday, October 23rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). Origin Bancorp had a return on equity of 7.48% and a net margin of 12.12%. The company had revenue of $160.25 million during the quarter, compared to the consensus estimate of $93.40 million. During the same quarter in the prior year, the business earned $0.71 EPS.

A number of other analysts also recently issued reports on the company. Stephens lifted their price target on Origin Bancorp from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on Origin Bancorp from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Origin Bancorp Stock Performance

Shares of OBK opened at $34.52 on Wednesday. The company has a market cap of $1.07 billion, a PE ratio of 14.21 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $32.12 and a 200-day moving average price of $31.92. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $37.56.

Origin Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. Origin Bancorp’s dividend payout ratio (DPR) is currently 24.69%.

Hedge Funds Weigh In On Origin Bancorp

A number of large investors have recently bought and sold shares of the stock. Quest Partners LLC increased its stake in Origin Bancorp by 87.1% in the 3rd quarter. Quest Partners LLC now owns 15,918 shares of the company’s stock worth $512,000 after purchasing an additional 7,408 shares during the period. Natixis Advisors LLC increased its stake in Origin Bancorp by 10.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,024 shares of the company’s stock worth $355,000 after purchasing an additional 1,017 shares during the period. Empowered Funds LLC increased its stake in Origin Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 85,485 shares of the company’s stock worth $2,749,000 after purchasing an additional 4,288 shares during the period. Royce & Associates LP increased its stake in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock worth $30,934,000 after purchasing an additional 65,844 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Origin Bancorp by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 38,800 shares of the company’s stock worth $1,248,000 after purchasing an additional 4,000 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Company Profile

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.