TD Asset Management Inc Has $1.35 Million Stake in Origin Bancorp, Inc. $OBK

Key Points

• TD Asset Management Inc reduced its stake in Origin Bancorp by 24.2%, dropping to 37,668 shares worth approximately $1.35 million.
• Multiple institutional investors have recently increased their stakes in Origin Bancorp, with SG Americas Securities LLC boosting its position by 125.5% and Argent Advisors Inc. raising its stake by 870.3%.
• Origin Bancorp announced a quarterly dividend of $0.15 per share, representing an annualized yield of 1.8%, to be paid on November 28th.

TD Asset Management Inc trimmed its holdings in Origin Bancorp, Inc. (NYSE:OBK - Free Report) by 24.2% in the second quarter, according to the company in its most recent Form 13F filing 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 owned about 0.12% of Origin Bancorp worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Origin Bancorp by 125.5% during the first quarter. SG Americas Securities LLC now owns 10,763 shares of the company's stock worth $373,000 after buying an additional 5,991 shares during the period. Argent Advisors Inc. boosted its position in shares of Origin Bancorp by 870.3% during the first quarter. Argent Advisors Inc. now owns 109,767 shares of the company's stock worth $3,806,000 after buying an additional 98,454 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Origin Bancorp by 6.5% during the first quarter. Envestnet Asset Management Inc. now owns 66,462 shares of the company's stock worth $2,304,000 after buying an additional 4,054 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of 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 during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Origin Bancorp by 7.1% during the first quarter. New York State Common Retirement Fund now owns 9,046 shares of the company's stock worth $314,000 after buying an additional 600 shares during the period. 54.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on OBK. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Origin Bancorp in a research report on Wednesday, October 8th. DA Davidson raised Origin Bancorp to a "strong-buy" rating in a research report on Monday. Wall Street Zen cut Origin Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Finally, Keefe, Bruyette & Woods upped their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Origin Bancorp currently has a consensus rating of "Buy" and an average price target of $43.20.

Origin Bancorp Stock Performance

OBK opened at $34.24 on Thursday. 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 stock's 50-day moving average is $36.05. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 15.29 and a beta of 0.79. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17.

Origin Bancorp (NYSE:OBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Announces Dividend

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

Origin Bancorp 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.

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