Barrow Hanley Mewhinney & Strauss LLC Sells 11,753 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540,228 shares of the bank's stock after selling 11,753 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.41% of Live Oak Bancshares worth $60,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOB. Vanguard Group Inc. increased its stake in Live Oak Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after purchasing an additional 10,213 shares in the last quarter. Capital International Investors increased its position in shares of Live Oak Bancshares by 75.8% during the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after acquiring an additional 880,530 shares in the last quarter. Southernsun Asset Management LLC raised its holdings in Live Oak Bancshares by 10.3% in the 4th quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank's stock worth $31,510,000 after acquiring an additional 74,193 shares during the last quarter. abrdn plc lifted its position in Live Oak Bancshares by 10.0% in the 4th quarter. abrdn plc now owns 336,721 shares of the bank's stock valued at $13,324,000 after acquiring an additional 30,597 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Live Oak Bancshares by 3.2% in the 4th quarter. Northern Trust Corp now owns 314,325 shares of the bank's stock valued at $12,432,000 after acquiring an additional 9,661 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company's stock.

Insider Buying and Selling

In related news, Director William Henderson Cameron acquired 5,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $25.92 per share, for a total transaction of $129,600.00. Following the purchase, the director now directly owns 11,904 shares of the company's stock, valued at approximately $308,551.68. This trade represents a 72.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 23.40% of the stock is currently owned by insiders.

Live Oak Bancshares Trading Down 0.9%

LOB stock traded down $0.26 during trading on Wednesday, reaching $27.79. The stock had a trading volume of 61,738 shares, compared to its average volume of 242,680. The firm has a market cap of $1.27 billion, a PE ratio of 19.15 and a beta of 1.84. The stock's 50 day moving average is $26.18 and its two-hundred day moving average is $34.16. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $50.57.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.

Analysts Set New Price Targets

LOB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased 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, April 25th. Wall Street Zen cut 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 issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.