Ewa Maria Stasiowska Purchases 2,595 Shares of Live Oak Bancshares (NASDAQ:LOB) Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) insider Ewa Maria Stasiowska acquired 2,595 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was acquired at an average price of $38.53 per share, with a total value of $99,985.35. Following the purchase, the insider owned 2,595 shares in the company, valued at approximately $99,985.35. This represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Live Oak Bancshares Stock Performance

Shares of Live Oak Bancshares stock opened at $39.51 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 27.25 and a beta of 2.02. The firm’s 50-day simple moving average is $35.41 and its 200-day simple moving average is $34.59. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $42.89.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 2nd. Live Oak Bancshares’s dividend payout ratio is currently 5.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LOB. Millennium Management LLC boosted its holdings in shares of Live Oak Bancshares by 655.6% in the 1st quarter. Millennium Management LLC now owns 687,885 shares of the bank’s stock worth $18,339,000 after acquiring an additional 596,841 shares in the last quarter. Ameriprise Financial Inc. raised its position in Live Oak Bancshares by 366.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 519,957 shares of the bank’s stock valued at $18,313,000 after purchasing an additional 408,591 shares during the last quarter. Jane Street Group LLC boosted its stake in Live Oak Bancshares by 1,263.2% in the first quarter. Jane Street Group LLC now owns 201,816 shares of the bank’s stock worth $5,380,000 after purchasing an additional 187,011 shares in the last quarter. CenterBook Partners LP boosted its stake in Live Oak Bancshares by 105.4% in the second quarter. CenterBook Partners LP now owns 356,416 shares of the bank’s stock worth $10,621,000 after purchasing an additional 182,851 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Live Oak Bancshares by 937,663.2% during the third quarter. Whittier Trust Co. now owns 178,175 shares of the bank’s stock worth $6,184,000 after purchasing an additional 178,156 shares during the last quarter. Institutional investors own 63.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Live Oak Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.