Howe & Rusling Inc. Has $337,000 Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Howe & Rusling Inc. raised its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,513 shares of the bank’s stock after buying an additional 655 shares during the period. Howe & Rusling Inc.’s holdings in Live Oak Bancshares were worth $337,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Live Oak Bancshares during the 4th quarter worth $5,277,000. State Street Corp grew its holdings in shares of Live Oak Bancshares by 13.4% during the third quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock worth $52,553,000 after purchasing an additional 131,343 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Live Oak Bancshares by 82.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 185,309 shares of the bank’s stock valued at $8,778,000 after buying an additional 83,639 shares during the period. one8zero8 LLC acquired a new stake in Live Oak Bancshares during the 4th quarter worth approximately $2,689,000. Finally, JPMorgan Chase & Co. grew its holdings in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after acquiring an additional 54,286 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock opened at $27.66 on Friday. The firm has a 50 day moving average price of $32.54 and a two-hundred day moving average price of $40.28. Live Oak Bancshares, Inc. has a 52-week low of $26.50 and a 52-week high of $50.57. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 19.08 and a beta of 1.69.

Live Oak Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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 annualized dividend and a yield of 0.43%. Live Oak Bancshares’s payout ratio is 8.28%.

Wall Street Analyst Weigh In

LOB has been the subject of several recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. StockNews.com downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.