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

Wellington Management Group LLP purchased a new stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 130,200 shares of the company's stock, valued at approximately $4,187,000. Wellington Management Group LLP owned approximately 0.42% of Origin Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Origin Bancorp during the 2nd quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Origin Bancorp during the third quarter valued at approximately $30,000. Quantbot Technologies LP increased its holdings in Origin Bancorp by 78.1% during the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company's stock valued at $87,000 after buying an additional 1,187 shares during the period. Meeder Asset Management Inc. bought a new position in Origin Bancorp in the second quarter worth approximately $91,000. Finally, SG Americas Securities LLC purchased a new stake in Origin Bancorp during the third quarter worth $160,000. Institutional investors own 54.68% of the company's stock.

Origin Bancorp Stock Down 6.8 %

OBK stock traded down $2.44 on Wednesday, hitting $33.29. 178,998 shares of the company's stock were exchanged, compared to its average volume of 105,856. The firm has a 50 day moving average price of $33.97 and a two-hundred day moving average price of $32.62. Origin Bancorp, Inc. has a 12-month low of $27.69 and a 12-month high of $37.56. The stock has a market cap of $1.04 billion, a P/E ratio of 13.70 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Origin Bancorp (NASDAQ:OBK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.06). The business had revenue of $160.25 million for the quarter, compared to analysts' expectations of $93.40 million. Origin Bancorp had a return on equity of 7.36% and a net margin of 12.12%. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, equities research analysts expect that Origin Bancorp, Inc. will post 2.46 EPS for the current fiscal year.

Origin Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, November 15th. Origin Bancorp's payout ratio is 24.69%.

Wall Street Analysts Forecast Growth

OBK has been the topic of a number of analyst reports. DA Davidson cut their price target on Origin Bancorp from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their target price on Origin Bancorp from $37.00 to $42.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Stephens increased their price target on shares of Origin Bancorp from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.80.

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.