Deutsche Bank AG raised its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 44.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,840 shares of the bank's stock after purchasing an additional 37,823 shares during the period. Deutsche Bank AG owned 0.27% of Live Oak Bancshares worth $3,302,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 9,237 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Live Oak Bancshares by 17.2% in the first 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 during the last quarter. Benjamin Edwards Inc. boosted its holdings in Live Oak Bancshares by 10.4% in the fourth quarter. Benjamin Edwards Inc. now owns 8,516 shares of the bank's stock valued at $337,000 after acquiring an additional 799 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Live Oak Bancshares in the fourth quarter valued at $346,000. Finally, ProShare Advisors LLC boosted its holdings in Live Oak Bancshares by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 9,766 shares of the bank's stock valued at $386,000 after acquiring an additional 3,214 shares during the last quarter. Hedge funds and other institutional investors own 63.95% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $37.00 to $43.00 in a report on Tuesday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.33.
Get Our Latest Report on LOB
Live Oak Bancshares Price Performance
LOB traded down $0.31 during trading hours on Wednesday, reaching $35.04. 368,365 shares of the stock traded hands, compared to its average volume of 290,339. The firm's fifty day simple moving average is $31.48 and its two-hundred day simple moving average is $29.44. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 24.17 and a beta of 1.82. Live Oak Bancshares, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $50.57.
Live Oak Bancshares Announces Dividend
The company also recently declared a sep 25 dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.03 per share. Live Oak Bancshares's payout ratio is 9.84%.
About Live Oak Bancshares
(
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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