Capital International Investors Buys 880,530 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Capital International Investors increased its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 75.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,041,706 shares of the bank's stock after purchasing an additional 880,530 shares during the period. Capital International Investors owned approximately 4.52% of Live Oak Bancshares worth $80,749,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Live Oak Bancshares during the 4th quarter worth about $5,277,000. Norges Bank acquired a new position in shares of Live Oak Bancshares during the fourth quarter worth approximately $4,056,000. one8zero8 LLC acquired a new stake in shares of Live Oak Bancshares in the fourth quarter valued at approximately $2,689,000. JPMorgan Chase & Co. raised its position 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 during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Live Oak Bancshares by 64.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 124,687 shares of the bank's stock worth $4,931,000 after buying an additional 48,699 shares in the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating for the company in a research report on Friday. StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.25.

Live Oak Bancshares Stock Up 1.2 %

Shares of Live Oak Bancshares stock traded up $0.33 during trading on Friday, reaching $26.74. 151,838 shares of the company were exchanged, compared to its average volume of 231,932. The business has a 50-day moving average price of $27.49 and a 200-day moving average price of $37.06. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.40 and a beta of 1.75. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. Live Oak Bancshares's dividend payout ratio (DPR) is presently 8.28%.

About Live Oak Bancshares

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.