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.
Check Out Our Latest Report on OBK
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
(
Free Report)
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.
See Also

Before you consider Origin Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Origin Bancorp wasn't on the list.
While Origin Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.