19,919 Shares in Live Oak Bancshares, Inc. $LOB Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 19,919 shares of Live Oak Bancshares, Inc. (NASDAQ: LOB), valued at approximately $531,000, according to a recent SEC filing.
• The bank's stock opened at $37.00, with a market capitalization of $1.69 billion and a PE ratio of 25.51.
• A recent analysis by Keefe, Bruyette & Woods raised Live Oak Bancshares from a "market perform" rating to an "outperform" rating, with a new price target of $43.00.

Caxton Associates LLP acquired a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,919 shares of the bank's stock, valued at approximately $531,000.

Other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Live Oak Bancshares in the 1st quarter valued at $68,000. PDT Partners LLC bought a new stake in shares of Live Oak Bancshares in the 1st quarter valued at $225,000. GAMMA Investing LLC increased its stake in shares of Live Oak Bancshares by 4,595.5% in the 1st quarter. GAMMA Investing LLC now owns 9,438 shares of the bank's stock valued at $252,000 after acquiring an additional 9,237 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Live Oak Bancshares by 29.6% in the 1st quarter. Benjamin Edwards Inc. now owns 11,038 shares of the bank's stock valued at $294,000 after acquiring an additional 2,522 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Live Oak Bancshares by 17.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,860 shares of the bank's stock valued at $316,000 after acquiring an additional 1,740 shares in the last quarter. Institutional investors own 63.95% of the company's stock.

Analyst Ratings Changes

LOB has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Live Oak Bancshares from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $37.00 to $43.00 in a research report on Tuesday, August 19th. Cantor Fitzgerald started coverage on shares of Live Oak Bancshares in a report on Wednesday, September 10th. They issued a "neutral" rating and a $42.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares currently has an average rating of "Moderate Buy" and an average target price of $43.75.

Live Oak Bancshares Stock Down 0.5%

Shares of LOB stock traded down $0.18 during trading on Tuesday, hitting $36.23. The company had a trading volume of 96,604 shares, compared to its average volume of 288,009. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $50.57. The stock's 50-day moving average is $34.37 and its two-hundred day moving average is $29.86. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 24.99 and a beta of 1.75.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a sep 25 dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.03 dividend. This represents a dividend yield of 32.0%. The ex-dividend date was Tuesday, September 2nd. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.84%.

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.