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

Wellington Management Group LLP trimmed its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,200 shares of the company's stock after selling 48,000 shares during the quarter. Wellington Management Group LLP owned approximately 0.26% of Origin Bancorp worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of OBK. Brooklyn Investment Group purchased a new stake in shares of Origin Bancorp during the fourth quarter valued at approximately $48,000. KLP Kapitalforvaltning AS purchased a new stake in Origin Bancorp during the 4th quarter valued at $183,000. Quantbot Technologies LP boosted its position in Origin Bancorp by 115.5% during the 4th quarter. Quantbot Technologies LP now owns 5,831 shares of the company's stock valued at $194,000 after buying an additional 3,125 shares during the period. Janney Montgomery Scott LLC bought a new stake in Origin Bancorp in the 4th quarter worth $219,000. Finally, US Bancorp DE increased its position in shares of Origin Bancorp by 12.4% in the fourth quarter. US Bancorp DE now owns 6,683 shares of the company's stock valued at $222,000 after acquiring an additional 736 shares during the period. 54.68% of the stock is owned by hedge funds and other institutional investors.

Origin Bancorp Stock Performance

NASDAQ:OBK traded up $0.18 on Friday, hitting $30.55. The stock had a trading volume of 114,739 shares, compared to its average volume of 120,198. Origin Bancorp, Inc. has a 52-week low of $27.96 and a 52-week high of $41.17. The stock has a market cap of $954.35 million, a price-to-earnings ratio of 12.42 and a beta of 0.78. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $35.10 and its two-hundred day simple moving average is $34.66.

Origin Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 1.96%. Origin Bancorp's dividend payout ratio is currently 24.39%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DA Davidson upped their price objective on shares of Origin Bancorp from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Stephens reissued an "overweight" rating and set a $45.00 price target on shares of Origin Bancorp in a research report on Thursday, March 20th. Piper Sandler increased their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, Raymond James downgraded Origin Bancorp from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $44.00 to $39.00 in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.00.

About Origin Bancorp

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.