Fuller & Thaler Asset Management Inc. lifted its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 73.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,874 shares of the bank's stock after purchasing an additional 37,084 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.19% of Live Oak Bancshares worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Benjamin Edwards Inc. increased its stake in shares of Live Oak Bancshares by 10.4% during the fourth quarter. Benjamin Edwards Inc. now owns 8,516 shares of the bank's stock worth $337,000 after purchasing an additional 799 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Live Oak Bancshares during the fourth quarter worth approximately $346,000. GAMMA Investing LLC increased its stake in shares of Live Oak Bancshares by 4,595.5% during the first quarter. GAMMA Investing LLC now owns 9,438 shares of the bank's stock worth $252,000 after purchasing an additional 9,237 shares during the period. ProShare Advisors LLC increased its stake in shares of Live Oak Bancshares by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 9,766 shares of the bank's stock worth $386,000 after purchasing an additional 3,214 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Live Oak Bancshares by 7.9% during the fourth quarter. LPL Financial LLC now owns 10,326 shares of the bank's stock worth $408,000 after purchasing an additional 757 shares during the period. Institutional investors own 63.95% of the company's stock.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods raised Live Oak Bancshares from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $43.00 in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Live Oak Bancshares currently has an average rating of "Moderate Buy" and an average target price of $44.33.
Get Our Latest Analysis on LOB
Live Oak Bancshares Stock Performance
Shares of LOB traded up $0.41 during trading hours on Tuesday, reaching $38.11. The stock had a trading volume of 22,157 shares, compared to its average volume of 290,069. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.57. The stock has a market capitalization of $1.74 billion, a PE ratio of 26.26 and a beta of 1.82. The company's 50-day moving average is $32.00 and its two-hundred day moving average is $29.39.
Live Oak Bancshares Announces Dividend
The business also recently announced a sep 25 dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.03 per share. This represents a yield of 30.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Live Oak Bancshares's dividend payout ratio (DPR) is currently 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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