Origin Bancorp, Inc. (NASDAQ:OBNK) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, OBNK is expected to report 3Q20 income of $ 0.51 per share from revenue of $ 66.16 million.
For the full year, analysts anticipate top line of $ 254.24 million, while looking forward to income of $ 1.33 per share bottom line.
Previous Quarter Performance
Origin Bancorp, Inc. announced income for the second quarter of $ 0.21 per share, from the revenue of $ 65.37 million. The quarterly earnings contracted 59.62 percent while revenues up 20.72 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.20 per share from $ 57.73 million in revenue. The bottom line results beat street analysts by $ 0.01 or 5.00 percent, at the same time, top line results outshined analysts by $ 7.64 million or 13.23 percent.
Stock Performance
Shares of Origin Bancorp, Inc. traded low $ -0.90 or -3.74 percent on Tuesday, reaching $ 23.17 with volume of 25.80 thousand shares. Origin Bancorp, Inc. has traded high as $ 23.81 and has cracked $ 22.78 on the downward trend
According to the previous trading day, closing price of $ 23.17, representing a 50.63 % increase from the 52 week low of $ 15.98 and a 36.89 % decrease over the 52 week high of $ 38.14.
The company has a market capital of $ 544.52 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 15th September 2020, downgraded by DA Davidson to Neutral from Buy rating.
- On 3rd September 2020, upgraded by Raymond James to Strong Buy from Outperform rating, with $ 28.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.0925 per share on July 22, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
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 accepts noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers single and multi-family real estate, residential construction, commercial building, and consumer loans, as well as loans to small and medium-sized businesses.
