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OBNK

Origin Bancorp NasdaqGS:OBNK Stock Report

Last Price

US$39.70

Market Cap

US$943.6m

7D

1.7%

1Y

-6.0%

Updated

03 Jul, 2022

Data

Company Financials +
OBNK fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends2/6

OBNK Stock Overview

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, high net worth individuals, and retail clients in Texas, Louisiana, and Mississippi.

Origin Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Origin Bancorp
Historical stock prices
Current Share PriceUS$39.70
52 Week HighUS$47.58
52 Week LowUS$36.80
Beta1.0
1 Month Change-3.38%
3 Month Change-6.08%
1 Year Change-5.99%
3 Year Change13.72%
5 Year Changen/a
Change since IPO5.87%

Recent News & Updates

Jun 30

Shareholders approve proposed merger between Origin Bancorp, BT Holdings

The proposed merger between bank holding company Origin Bancorp (NASDAQ:OBNK) and BT Holdings has received approval of both the companies' shareholders. Additionally, all required regulatory approvals are also received for the consummation of the merger. BTH President and CEO Lori Sirman and Executive Vice President Jay Dyer will serve as directors of Origin and its unit Origin Bank. The merger is now expected to close in Q3, subject to customary closing conditions. Source: Press Release

May 02
Origin Bancorp (NASDAQ:OBNK) Is Increasing Its Dividend To US$0.15

Origin Bancorp (NASDAQ:OBNK) Is Increasing Its Dividend To US$0.15

Origin Bancorp, Inc. ( NASDAQ:OBNK ) will increase its dividend on the 31st of May to US$0.15, which is 15% higher than...

Shareholder Returns

OBNKUS BanksUS Market
7D1.7%-1.9%-2.5%
1Y-6.0%-18.3%-21.2%

Return vs Industry: OBNK exceeded the US Banks industry which returned -18.3% over the past year.

Return vs Market: OBNK exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is OBNK's price volatile compared to industry and market?
OBNK volatility
OBNK Average Weekly Movement3.5%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: OBNK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OBNK's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1912797Drake Millshttps://www.origin.bank

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, high net worth individuals, 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, residential mortgage, and paycheck protection program loans. The company also offers personal and commercial property, and casualty insurance products; and Internet banking and voice response information, mobile applications, cash management, overdraft protection, direct deposit, safe deposit box, U.S. savings bonds, and automatic account transfer services; and treasury management, mortgage origination and servicing facilities, peer-to-peer electronic pay solutions, and personal financial management solutions.

Origin Bancorp Fundamentals Summary

How do Origin Bancorp's earnings and revenue compare to its market cap?
OBNK fundamental statistics
Market CapUS$943.62m
Earnings (TTM)US$103.72m
Revenue (TTM)US$286.99m

9.1x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OBNK income statement (TTM)
RevenueUS$286.99m
Cost of RevenueUS$0
Gross ProfitUS$286.99m
Other ExpensesUS$183.27m
EarningsUS$103.72m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.36
Gross Margin100.00%
Net Profit Margin36.14%
Debt/Equity Ratio70.2%

How did OBNK perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

12%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is OBNK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OBNK?

Other financial metrics that can be useful for relative valuation.

OBNK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does OBNK's PE Ratio compare to its peers?

OBNK PE Ratio vs Peers
The above table shows the PE ratio for OBNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.3x
QCRH QCR Holdings
9.3x13.8%US$967.8m
NIC Nicolet Bankshares
14.6x25.1%US$974.1m
LBAI Lakeland Bancorp
11.2x17.0%US$973.6m
GABC German American Bancorp
14x17.5%US$1.0b
OBNK Origin Bancorp
9.1x27.1%US$943.6m

Price-To-Earnings vs Peers: OBNK is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does OBNK's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: OBNK is good value based on its Price-To-Earnings Ratio (9.1x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is OBNK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OBNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.1x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: OBNK is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).


Share Price vs Fair Value

What is the Fair Price of OBNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OBNK ($39.7) is trading below our estimate of fair value ($62.57)

Significantly Below Fair Value: OBNK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: OBNK is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Origin Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OBNK's forecast earnings growth (27.1% per year) is above the savings rate (1.9%).

Earnings vs Market: OBNK's earnings (27.1% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: OBNK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OBNK's revenue (17.5% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: OBNK's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OBNK's Return on Equity is forecast to be low in 3 years time (12.5%).


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Past Performance

How has Origin Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OBNK has high quality earnings.

Growing Profit Margin: OBNK's current net profit margins (36.1%) are higher than last year (26.5%).


Past Earnings Growth Analysis

Earnings Trend: OBNK's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: OBNK's earnings growth over the past year (69.7%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: OBNK earnings growth over the past year (69.7%) exceeded the Banks industry 20.8%.


Return on Equity

High ROE: OBNK's Return on Equity (15.3%) is considered low.


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Financial Health

How is Origin Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: OBNK's Assets to Equity ratio (12x) is moderate.

Allowance for Bad Loans: OBNK has a sufficient allowance for bad loans (260%).

Low Risk Liabilities: 91% of OBNK's liabilities are made up of primarily low risk sources of funding.

Loan Level: OBNK has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: OBNK's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: OBNK has an appropriate level of bad loans (0.5%).


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Dividend

What is Origin Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OBNK's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: OBNK's dividend (1.31%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, OBNK has been paying a dividend for less than 10 years.

Growing Dividend: OBNK's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.8%), OBNK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OBNK's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Drake Mills (61 yo)

24.5yrs

Tenure

US$2,408,235

Compensation

Mr. Drake D. Mills has been Director of Origin Bank and has been its Chairman of the Board. Mr. Mills had been the Chief Executive Officer of Origin Bank since January 2003. Mr. Mills has been the Chairman...


CEO Compensation Analysis

Compensation vs Market: Drake's total compensation ($USD2.41M) is below average for companies of similar size in the US market ($USD4.04M).

Compensation vs Earnings: Drake's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: OBNK's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: OBNK's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Origin Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Origin Bancorp, Inc.
  • Ticker: OBNK
  • Exchange: NasdaqGS
  • Founded: 1912
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$943.619m
  • Shares outstanding: 23.77m
  • Website: https://www.origin.bank

Number of Employees


Location

  • Origin Bancorp, Inc.
  • 500 South Service Road East
  • Ruston
  • Louisiana
  • 71270
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.