E. Ohman J or Asset Management AB Buys 40,343 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

E. Ohman J or Asset Management AB raised its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 81.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,969 shares of the bank's stock after buying an additional 40,343 shares during the period. E. Ohman J or Asset Management AB owned about 0.20% of Live Oak Bancshares worth $2,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at about $71,000. Principal Securities Inc. lifted its stake in shares of Live Oak Bancshares by 99.7% in the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock valued at $119,000 after purchasing an additional 1,498 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Live Oak Bancshares by 7.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock valued at $221,000 after purchasing an additional 407 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock valued at $237,000 after purchasing an additional 400 shares during the period. Institutional investors own 63.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped 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 downgraded Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.25.

Insider Buying and Selling

In related news, Director William Henderson Cameron acquired 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $25.92 per share, with a total value of $129,600.00. Following the completion of the purchase, the director now directly owns 11,904 shares in the company, valued at $308,551.68. This trade represents a 72.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.40% of the stock is owned by company insiders.

Live Oak Bancshares Stock Performance

LOB stock opened at $28.16 on Friday. The stock's 50 day simple moving average is $26.24 and its 200 day simple moving average is $33.14. Live Oak Bancshares, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $50.57. The company has a market cap of $1.28 billion, a P/E ratio of 19.42 and a beta of 1.85.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio (DPR) is currently 9.23%.

About Live Oak Bancshares

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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