Wealth Enhancement Advisory Services LLC Boosts Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 100.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,802 shares of the bank's stock after buying an additional 19,457 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Live Oak Bancshares worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its position in Live Oak Bancshares by 4,595.5% during the 1st quarter. GAMMA Investing LLC now owns 9,438 shares of the bank's stock worth $252,000 after acquiring an additional 9,237 shares during the last quarter. Raymond James Financial Inc. bought a new position in Live Oak Bancshares in the 4th quarter valued at approximately $5,277,000. Victory Capital Management Inc. grew its holdings in Live Oak Bancshares by 44.3% during the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock worth $1,840,000 after acquiring an additional 14,293 shares during the last quarter. Deutsche Bank AG increased its position in Live Oak Bancshares by 15.0% in the 4th quarter. Deutsche Bank AG now owns 86,017 shares of the bank's stock valued at $3,402,000 after acquiring an additional 11,248 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Live Oak Bancshares by 42.3% in the 4th quarter. BNP Paribas Financial Markets now owns 35,649 shares of the bank's stock valued at $1,410,000 after acquiring an additional 10,595 shares during the period. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Live Oak Bancshares news, Director William Henderson Cameron bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $25.92 per share, for a total transaction of $129,600.00. Following the acquisition, the director directly owned 11,904 shares of the company's stock, valued at approximately $308,551.68. The trade was a 72.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.40% of the company's stock.

Live Oak Bancshares Trading Up 1.9%

LOB stock traded up $0.59 during trading on Wednesday, reaching $31.79. 234,712 shares of the stock were exchanged, compared to its average volume of 297,840. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57. The firm's 50 day moving average is $27.83 and its 200 day moving average is $30.97. The firm has a market cap of $1.45 billion, a P/E ratio of 21.92 and a beta of 1.85.

Live Oak Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating for the company in a report 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.

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.