Aviance Capital Partners LLC acquired a new position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,615 shares of the bank's stock, valued at approximately $790,000. Aviance Capital Partners LLC owned approximately 0.06% of Live Oak Bancshares at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Live Oak Bancshares by 0.6% during the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank's stock worth $2,006,000 after buying an additional 298 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Live Oak Bancshares by 7.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock worth $221,000 after buying an additional 407 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in Live Oak Bancshares by 8.3% during the fourth quarter. Howe & Rusling Inc. now owns 8,513 shares of the bank's stock worth $337,000 after buying an additional 655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Live Oak Bancshares by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,714 shares of the bank's stock worth $780,000 after buying an additional 682 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Live Oak Bancshares during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 63.95% of the company's stock.
Live Oak Bancshares Price Performance
Shares of NASDAQ LOB opened at $32.27 on Friday. Live Oak Bancshares, Inc. has a 12-month low of $22.68 and a 12-month high of $50.57. The company has a market capitalization of $1.47 billion, a PE ratio of 22.26 and a beta of 1.85. The firm's 50-day moving average is $28.20 and its two-hundred day moving average is $30.81.
Live Oak Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.
Analyst Upgrades and Downgrades
LOB has been the topic of a number of research 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 on the stock in a report on Friday, April 25th. Wall Street Zen downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th.
Read Our Latest Report on LOB
Insider Activity
In other Live Oak Bancshares news, Director William Henderson Cameron purchased 5,000 shares of Live Oak Bancshares stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $25.92 per share, with a total value of $129,600.00. Following the completion of the acquisition, the director directly owned 11,904 shares of the company's stock, valued at approximately $308,551.68. This trade represents a 72.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is owned by company insiders.
Live Oak Bancshares Profile
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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.
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Want to see what other hedge funds are holding LOB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report).
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