Wellington Management Group LLP Decreases Holdings in Origin Bancorp, Inc. $OBK

Key Points

• Wellington Management Group LLP reduced its stake in Origin Bancorp by 9.7%, owning approximately 74,191 shares valued at $2.57 million as of the latest SEC filing.
• Institutional investors collectively own 54.68% of Origin Bancorp's stock, indicating significant institutional interest and activity around the company.
• Origin Bancorp's current stock price stands at $38.89, with an average price target of $43.20 following recent upgrades from analysts.

Wellington Management Group LLP decreased its holdings in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 74,191 shares of the company's stock after selling 8,009 shares during the period. Wellington Management Group LLP owned approximately 0.24% of Origin Bancorp worth $2,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBK. Vanguard Group Inc. lifted its stake in shares of Origin Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 1,674,138 shares of the company's stock valued at $58,042,000 after purchasing an additional 34,456 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Origin Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,150,054 shares of the company's stock valued at $38,285,000 after purchasing an additional 60,272 shares during the period. American Century Companies Inc. lifted its stake in shares of Origin Bancorp by 12.3% in the 1st quarter. American Century Companies Inc. now owns 674,593 shares of the company's stock valued at $23,388,000 after purchasing an additional 73,668 shares during the period. Northern Trust Corp lifted its stake in shares of Origin Bancorp by 7.3% in the 4th quarter. Northern Trust Corp now owns 274,489 shares of the company's stock valued at $9,138,000 after purchasing an additional 18,654 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Origin Bancorp by 27.6% in the 1st quarter. Russell Investments Group Ltd. now owns 218,797 shares of the company's stock valued at $7,586,000 after purchasing an additional 47,292 shares during the period. Institutional investors own 54.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OBK. DA Davidson upped their price target on Origin Bancorp from $41.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods boosted their price objective on Origin Bancorp from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Origin Bancorp has an average rating of "Buy" and an average price target of $43.20.

Origin Bancorp Price Performance

Origin Bancorp stock traded up $0.27 during midday trading on Thursday, hitting $38.86. 20,741 shares of the company's stock were exchanged, compared to its average volume of 147,841. The stock has a 50-day moving average price of $37.32 and a two-hundred day moving average price of $35.26. Origin Bancorp, Inc. has a 52-week low of $28.80 and a 52-week high of $41.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.21 billion, a P/E ratio of 15.80 and a beta of 0.85.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. Origin Bancorp's dividend payout ratio (DPR) is presently 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, 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, and residential mortgage loans.