GSA Capital Partners LLP Purchases New Holdings in Live Oak Bancshares, Inc. $LOB

GSA Capital Partners LLP acquired a new position in shares of Live Oak Bancshares, Inc. (NYSE:LOB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,680 shares of the company’s stock, valued at approximately $1,171,000. GSA Capital Partners LLP owned approximately 0.06% of Live Oak Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Live Oak Bancshares by 157.4% in the 4th quarter. Larson Financial Group LLC now owns 1,480 shares of the company’s stock worth $51,000 after purchasing an additional 905 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Live Oak Bancshares during the 4th quarter valued at $55,000. Blue Trust Inc. lifted its holdings in Live Oak Bancshares by 671.6% in the first quarter. Blue Trust Inc. now owns 2,122 shares of the company’s stock valued at $70,000 after acquiring an additional 1,847 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Live Oak Bancshares by 138.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the company’s stock worth $95,000 after purchasing an additional 1,850 shares during the period. Finally, CWM LLC raised its position in Live Oak Bancshares by 15.0% in the fourth quarter. CWM LLC now owns 4,926 shares of the company’s stock worth $169,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Price Performance

NYSE:LOB opened at $43.23 on Tuesday. The company has a 50-day moving average of $41.30 and a 200 day moving average of $38.33. Live Oak Bancshares, Inc. has a 1-year low of $29.36 and a 1-year high of $44.53. The firm has a market cap of $2.00 billion, a PE ratio of 15.22 and a beta of 1.87.

Live Oak Bancshares (NYSE:LOB) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. The company had revenue of $156.15 million for the quarter. Sell-side analysts anticipate that Live Oak Bancshares, Inc. will post 3.07 EPS for the current fiscal year.

Insider Transactions at Live Oak Bancshares

In related news, Director David G. Lucht sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $42.13, for a total transaction of $126,390.00. Following the completion of the transaction, the director owned 15,623 shares in the company, valued at $658,196.99. The trade was a 16.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Michael Moroz sold 6,100 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $42.08, for a total value of $256,688.00. Following the transaction, the insider directly owned 12,110 shares in the company, valued at approximately $509,588.80. The trade was a 33.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,454 shares of company stock valued at $1,526,341 in the last 90 days. Insiders own 22.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LOB shares. Cantor Fitzgerald lifted their price objective on Live Oak Bancshares from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. TD Cowen raised their price objective on Live Oak Bancshares from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Live Oak Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $46.20.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.