TD Asset Management Inc Sells 12,008 Shares of Origin Bancorp, Inc. $OBK

TD Asset Management Inc lowered its position in shares of Origin Bancorp, Inc. (NYSE:OBK) by 24.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,668 shares of the company’s stock after selling 12,008 shares during the period. TD Asset Management Inc’s holdings in Origin Bancorp were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Origin Bancorp by 44.8% during the first quarter. CWM LLC now owns 1,018 shares of the company’s stock worth $35,000 after purchasing an additional 315 shares during the period. Federated Hermes Inc. acquired a new stake in Origin Bancorp during the first quarter worth approximately $40,000. Nisa Investment Advisors LLC grew its position in Origin Bancorp by 46.7% during the first quarter. Nisa Investment Advisors LLC now owns 1,257 shares of the company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. 1492 Capital Management LLC acquired a new stake in Origin Bancorp during the first quarter worth approximately $208,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Origin Bancorp during the second quarter worth approximately $224,000. Institutional investors own 54.68% of the company’s stock.

Wall Street Analysts Forecast Growth

OBK has been the topic of a number of research analyst reports. DA Davidson raised Origin Bancorp to a “strong-buy” rating in a report on Monday. Wall Street Zen downgraded Origin Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Keefe, Bruyette & Woods raised their target price on Origin Bancorp from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Origin Bancorp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $43.20.

Origin Bancorp Stock Performance

Shares of OBK opened at $34.24 on Thursday. Origin Bancorp, Inc. has a 52 week low of $28.80 and a 52 week high of $41.17. The company has a market cap of $1.07 billion, a PE ratio of 15.29 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $36.05.

Origin Bancorp (NYSE:OBK) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.62). Origin Bancorp had a net margin of 11.98% and a return on equity of 5.98%.

Origin Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. Origin Bancorp’s dividend payout ratio (DPR) is currently 26.79%.

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, 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.