NasdaqGS:OBNK

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has Origin Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

NasdaqGS:OBNK

3.4%

US Banks

1.1%

US Market


1 Year Return

-9.8%

NasdaqGS:OBNK

-3.7%

US Banks

2.1%

US Market

OBNK underperformed the Banks industry which returned -3.7% over the past year.

OBNK underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

OBNKIndustryMarket
7 Day2.5%3.4%1.1%
30 Day8.4%9.7%3.7%
90 Day2.1%5.1%2.3%
1 Year-9.3%-9.8%-1.0%-3.7%4.4%2.1%
3 Yearn/a56.1%45.4%47.0%37.4%
5 Yearn/a63.5%45.7%61.6%43.8%

Price Volatility Vs. Market

How volatile is Origin Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Origin Bancorp undervalued based on future cash flows and its price relative to the stock market?

15.96x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Origin Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Origin Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Origin Bancorp is overvalued based on earnings compared to the US Banks industry average.

Origin Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Origin Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Origin Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Origin Bancorp's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

Origin Bancorp's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).

Origin Bancorp's revenue growth is positive but not above the United States of America market average.

Origin Bancorp's earnings growth is positive but not above the United States of America market average.

Origin Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Origin Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Origin Bancorp performed over the past 5 years?

110.5%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if Origin Bancorp's year on year earnings growth rate was positive over the past 5 years.

Unable to compare Origin Bancorp's 1-year earnings growth to the 5-year average due to insufficient past data.

Origin Bancorp's earnings growth has exceeded the US Banks industry average in the past year (110.5% vs 31.7%).


Return on Equity

Origin Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Origin Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Origin Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Origin Bancorp has an acceptable proportion of non-loan assets held.

Origin Bancorp has a sufficient allowance for bad loans.

Origin Bancorp's liabilities are made up of primarily low risk sources of funding.

Origin Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Origin Bancorp are broadly funded by customer deposits.

Origin Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

0.70%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Origin Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Origin Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

It is too early to tell whether Origin Bancorp has stable dividend payments.

Origin Bancorp only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (16.9x coverage).


Future Payout to Shareholders

No need to calculate the sustainability of Origin Bancorp's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Origin Bancorp's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Drake Mills (58yo)

11.7yrs

Tenure

US$2,344,146

Compensation

Mr. Drake D. Mills has been the Chief Executive Officer of Origin Bank since January 2003 and also serves as its Director. Mr. Mills has been the Chairman of Origin Bancorp, Inc. since 2012 and also has be ...


CEO Compensation Analysis

Drake's remuneration is about average for companies of similar size in United States of America.

Drake's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.7yrs

Average Tenure

58yo

Average Age

The average tenure for the Origin Bancorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

7.7yrs

Average Tenure

63yo

Average Age

The tenure for the Origin Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$15,64504 Dec 18
F. Myrick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares420
Max PriceUS$37.25

Ownership Breakdown


Management Team

  • Drake Mills (58yo)

    Chairman

    • Tenure: 11.7yrs
    • Compensation: US$2.34m
  • Steve Brolly (56yo)

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: US$992.45k
  • Russ Chase

    Chief Community Banking Officer of Origin Bank

    • Tenure: 0.7yrs
  • Linda Tuten

    Chief Human Resource Officer

    • Tenure: 0yrs
  • Cary Davis (67yo)

    Chief Risk Officer

    • Tenure: 0yrs
  • Chris Reigelman

    Investor Relations

    • Tenure: 0yrs
  • Lonnie Scarborough

    Chief Dream Manager & Talent Development Officer of Origin Bank

    • Tenure: 0.7yrs

Board Members

  • Drake Mills (58yo)

    Chairman

    • Tenure: 11.7yrs
    • Compensation: US$2.34m
  • Jim D'Agostino (72yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$96.12k
  • James Davison (52yo)

    Director

    • Tenure: 20.7yrs
    • Compensation: US$80.13k
  • F. Myrick (75yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$405.03k
  • John Emory

    Chairman Emeritus

    • Tenure: 0yrs
  • Richard Shirley

    Director

    • Tenure: 0yrs
  • Gary Luffey (63yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: US$77.19k
  • Michael Jones (63yo)

    Director

    • Tenure: 28.7yrs
    • Compensation: US$82.31k
  • George Snellings (53yo)

    Director

    • Tenure: 7.7yrs
    • Compensation: US$77.99k
  • Farrell Malone (66yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$92.13k

Company Information

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


Key Information

  • Name: Origin Bancorp, Inc.
  • Ticker: OBNK
  • Exchange: NasdaqGS
  • Founded: 1912
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$824.415m
  • Shares outstanding: 23.47m
  • Website: https://www.origin.bank

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OBNKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2018

Biography

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 retai ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:54
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.