Wellington Management Group LLP Reduces Holdings in Origin Bancorp, Inc. (NASDAQ:OBK)

Wellington Management Group LLP lowered its stake in Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,200 shares of the company's stock after selling 48,000 shares during the quarter. Wellington Management Group LLP owned about 0.26% of Origin Bancorp worth $2,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in OBK. Mackenzie Financial Corp purchased a new position in shares of Origin Bancorp during the 4th quarter valued at $518,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Origin Bancorp by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,943 shares of the company's stock valued at $1,596,000 after acquiring an additional 1,586 shares during the period. Squarepoint Ops LLC lifted its position in shares of Origin Bancorp by 42.2% in the fourth quarter. Squarepoint Ops LLC now owns 9,247 shares of the company's stock valued at $308,000 after acquiring an additional 2,745 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Origin Bancorp by 43.7% in the fourth quarter. Two Sigma Advisers LP now owns 48,000 shares of the company's stock worth $1,598,000 after acquiring an additional 14,600 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Origin Bancorp by 19.9% during the fourth quarter. Two Sigma Investments LP now owns 74,927 shares of the company's stock worth $2,494,000 after purchasing an additional 12,411 shares in the last quarter. 54.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OBK has been the topic of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $45.00 price target on shares of Origin Bancorp in a report on Thursday, March 20th. Piper Sandler raised shares of Origin Bancorp from a "neutral" rating to an "overweight" rating in a report on Thursday, April 24th. Raymond James lowered shares of Origin Bancorp from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $44.00 to $39.00 in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Origin Bancorp from $44.00 to $41.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Origin Bancorp presently has an average rating of "Buy" and an average target price of $42.20.

Origin Bancorp Price Performance

Shares of NASDAQ:OBK traded up $0.37 on Monday, reaching $34.98. The company's stock had a trading volume of 114,166 shares, compared to its average volume of 127,582. The company has a 50-day simple moving average of $32.32 and a 200 day simple moving average of $34.78. 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 $1.09 billion, a P/E ratio of 14.22 and a beta of 0.83.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a yield of 1.72%. Origin Bancorp's payout ratio is currently 24.59%.

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.