Live Oak Bancshares, Inc. (NASDAQ:LOB) Director Acquires $129,600.00 in Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) Director William Henderson Cameron acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $25.92 per share, with a total value of $129,600.00. Following the completion of the acquisition, the director now directly owns 11,904 shares in the company, valued at approximately $308,551.68. This represents a 72.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Live Oak Bancshares Stock Up 1.9 %

NASDAQ:LOB opened at $27.13 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.71 and a beta of 1.84. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57. The stock’s 50-day simple moving average is $26.30 and its 200 day simple moving average is $35.37.

Live Oak Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 9.23%.

Hedge Funds Weigh In On Live Oak Bancshares

A number of institutional investors have recently added to or reduced their stakes in LOB. Raymond James Financial Inc. bought a new stake in shares of Live Oak Bancshares during the fourth quarter worth $5,277,000. JPMorgan Chase & Co. increased its holdings in Live Oak Bancshares by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after purchasing an additional 54,286 shares in the last quarter. Barclays PLC raised its position in Live Oak Bancshares by 130.5% in the third quarter. Barclays PLC now owns 73,577 shares of the bank’s stock valued at $3,485,000 after purchasing an additional 41,662 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Live Oak Bancshares by 44.3% during the fourth quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock valued at $1,840,000 after purchasing an additional 14,293 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Live Oak Bancshares by 9.8% during the fourth quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank’s stock worth $1,034,000 after purchasing an additional 2,340 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LOB shares. Keefe, Bruyette & Woods cut their price objective on shares of Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. StockNews.com downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.25.

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.