Deutsche Bank AG Has $3.40 Million Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Deutsche Bank AG boosted its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,017 shares of the bank's stock after acquiring an additional 11,248 shares during the period. Deutsche Bank AG owned approximately 0.19% of Live Oak Bancshares worth $3,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Live Oak Bancshares in the 4th quarter valued at approximately $5,277,000. Barclays PLC grew its stake in shares of Live Oak Bancshares by 130.5% in the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after purchasing an additional 41,662 shares during the period. Victory Capital Management Inc. grew its stake in shares of Live Oak Bancshares by 44.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock valued at $1,840,000 after purchasing an additional 14,293 shares during the period. Principal Financial Group Inc. grew its stake in shares of Live Oak Bancshares by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank's stock valued at $1,034,000 after purchasing an additional 2,340 shares during the period. Finally, Capital International Investors grew its stake in shares of Live Oak Bancshares by 75.8% in the 4th quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after purchasing an additional 880,530 shares during the period. 63.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOB has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their price objective on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Wall Street Zen lowered Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.25.

Live Oak Bancshares Trading Down 0.2%

NASDAQ LOB traded down $0.04 during trading hours on Monday, reaching $26.93. 365,486 shares of the company's stock were exchanged, compared to its average volume of 243,517. The stock has a market cap of $1.23 billion, a PE ratio of 18.57 and a beta of 1.84. Live Oak Bancshares, Inc. has a one year low of $22.68 and a one year high of $50.57. The firm has a fifty day moving average of $26.17 and a 200-day moving average of $34.21.

Live Oak Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.

Insider Buying and Selling

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

Live Oak Bancshares 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.