Motley Fool Wealth Management LLC Trims Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Motley Fool Wealth Management LLC lessened its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,185 shares of the bank’s stock after selling 4,728 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.32% of Live Oak Bancshares worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of LOB. Picton Mahoney Asset Management purchased a new stake in shares of Live Oak Bancshares during the fourth quarter valued at $27,000. Quarry LP boosted its position in Live Oak Bancshares by 98.6% in the 3rd quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after buying an additional 354 shares during the period. Venturi Wealth Management LLC bought a new position in Live Oak Bancshares in the 4th quarter worth about $71,000. Principal Securities Inc. grew its stake in Live Oak Bancshares by 99.7% in the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after acquiring an additional 1,498 shares in the last quarter. Finally, FMR LLC increased its position in shares of Live Oak Bancshares by 15.0% during the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock worth $207,000 after acquiring an additional 568 shares during the period. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Stock Performance

NASDAQ LOB opened at $27.95 on Wednesday. The company has a market cap of $1.26 billion, a PE ratio of 19.28 and a beta of 1.69. The firm’s 50 day moving average price is $33.05 and its 200-day moving average price is $40.46. Live Oak Bancshares, Inc. has a 52-week low of $26.50 and a 52-week high of $50.57.

Live Oak Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. Live Oak Bancshares’s dividend payout ratio is presently 8.28%.

Wall Street Analysts Forecast Growth

LOB has been the topic of several research analyst reports. StockNews.com raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.75.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.