Live Oak Bancshares, Inc. (NASDAQ:LOB) Holdings Raised by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management LLC increased its stake in Live Oak Bancshares by 38.7%, owning approximately 0.19% of the company, valued at $2.336 million as of the latest SEC filing.
• Live Oak Bancshares announced a quarterly dividend of $0.03, resulting in an annualized dividend yield of 0.4% and maintaining a low dividend payout ratio of 9.84%.
• The company’s stock performance includes a market cap of $1.45 billion with a share price opening at $31.87, having a P/E ratio of 21.98.

Motley Fool Asset Management LLC lifted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,640 shares of the bank's stock after buying an additional 24,463 shares during the quarter. Motley Fool Asset Management LLC owned 0.19% of Live Oak Bancshares worth $2,336,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings 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 purchasing an additional 9,237 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Live Oak Bancshares by 29.6% in the 1st quarter. Benjamin Edwards Inc. now owns 11,038 shares of the bank's stock valued at $294,000 after acquiring an additional 2,522 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Live Oak Bancshares by 17.2% in the 1st 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. Aquatic Capital Management LLC bought a new stake in shares of Live Oak Bancshares in the 4th quarter valued at approximately $346,000. Finally, ProShare Advisors LLC increased its holdings in shares of Live Oak Bancshares by 49.1% in the 4th 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. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Up 0.0%

LOB stock traded up $0.01 during trading on Friday, reaching $34.50. 311,981 shares of the company's stock were exchanged, compared to its average volume of 288,726. The firm has a market cap of $1.57 billion, a PE ratio of 23.79 and a beta of 1.82. The company's fifty day moving average price is $31.13 and its 200-day moving average price is $29.45. Live Oak Bancshares, Inc. has a 1-year low of $22.68 and a 1-year high of $50.57.

Live Oak Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a $0.03 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Live Oak Bancshares's dividend payout ratio is 9.84%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $37.00 price target (up from $36.00) on shares of Live Oak Bancshares in a report on Friday, July 25th.

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.