Free Trial

AmeriServ Wealth Advisors Acquires Shares of 112,344 Live Oak Bancshares, Inc. (NASDAQ:LOB)

Live Oak Bancshares logo with Finance background

AmeriServ Wealth Advisors acquired a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 112,344 shares of the bank's stock, valued at approximately $4,443,000. Live Oak Bancshares makes up approximately 2.4% of AmeriServ Wealth Advisors' portfolio, making the stock its 9th largest holding. AmeriServ Wealth Advisors owned 0.25% of Live Oak Bancshares at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Live Oak Bancshares in the fourth quarter valued at approximately $5,277,000. JPMorgan Chase & Co. boosted its holdings in shares of Live Oak Bancshares by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock valued at $3,888,000 after buying an additional 54,286 shares during the last quarter. Barclays PLC grew its stake in shares of 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 buying an additional 41,662 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Live Oak Bancshares by 44.3% during the fourth quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock worth $1,840,000 after buying an additional 14,293 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in 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 acquiring an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.

Live Oak Bancshares Stock Down 1.3 %

Shares of NASDAQ LOB traded down $0.36 during mid-day trading on Monday, reaching $26.92. 263,357 shares of the company were exchanged, compared to its average volume of 234,456. The stock has a market capitalization of $1.23 billion, a P/E ratio of 18.57 and a beta of 1.84. The company's 50-day simple moving average is $26.69 and its 200-day simple moving average is $35.86. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.45%. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.

Analyst Upgrades and Downgrades

LOB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased 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 cut Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.25.

Read Our Latest Stock Analysis on LOB

Live Oak Bancshares Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

Should You Invest $1,000 in Live Oak Bancshares Right Now?

Before you consider Live Oak Bancshares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Live Oak Bancshares wasn't on the list.

While Live Oak Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Buy Early: 3 Tech Trends With Millionaire-Making Potential
SMCI Stumbles on Earnings: Why Some Investors Still Want In
5 Stocks to BUY NOW in May 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines