Motley Fool Asset Management LLC Has $2.34 Million Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

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 increased its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 38.7% in the 1st quarter, according to 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 period. 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in Live Oak Bancshares by 10.4% in the 4th quarter. Benjamin Edwards Inc. now owns 8,516 shares of the bank's stock valued at $337,000 after purchasing an additional 799 shares during the period. Aquatic Capital Management LLC bought a new stake in Live Oak Bancshares in the 4th quarter valued at about $346,000. GAMMA Investing LLC boosted its holdings in 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 period. ProShare Advisors LLC boosted its holdings in 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 purchasing an additional 3,214 shares during the period. Finally, LPL Financial LLC boosted its holdings in Live Oak Bancshares by 7.9% in the 4th quarter. LPL Financial LLC now owns 10,326 shares of the bank's stock valued at $408,000 after purchasing an additional 757 shares during the period. Institutional investors own 63.95% of the company's stock.

Wall Street Analyst Weigh In

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

Live Oak Bancshares Stock Up 2.7%

Shares of NASDAQ:LOB traded up $0.90 during midday trading on Wednesday, hitting $34.15. The stock had a trading volume of 192,417 shares, compared to its average volume of 288,463. The company's 50-day moving average price is $30.86 and its 200-day moving average price is $29.47. The company has a market capitalization of $1.56 billion, a P/E ratio of 23.55 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio is currently 9.84%.

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.