Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 58.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,805 shares of the bank's stock after selling 20,927 shares during the quarter. Jane Street Group LLC's holdings in Live Oak Bancshares were worth $586,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Live Oak Bancshares in the fourth quarter valued at approximately $5,277,000. Barclays PLC increased its holdings in shares of Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after purchasing an additional 41,662 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Live Oak Bancshares by 44.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock valued at $1,840,000 after purchasing an additional 14,293 shares during the period. Principal Financial Group Inc. boosted its holdings in Live Oak Bancshares by 9.8% during the fourth quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank's stock worth $1,034,000 after buying an additional 2,340 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Live Oak Bancshares by 75.8% during the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock worth $80,749,000 after buying an additional 880,530 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LOB shares. Keefe, Bruyette & Woods cut their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $42.25.

Live Oak Bancshares Price Performance

NASDAQ LOB traded up $0.22 on Thursday, hitting $27.87. The company had a trading volume of 161,396 shares, compared to its average volume of 243,934. The company has a market capitalization of $1.27 billion, a PE ratio of 19.22 and a beta of 1.84. Live Oak Bancshares, Inc. has a 12-month low of $22.68 and a 12-month high of $50.57. The company's fifty day moving average price is $26.19 and its 200-day moving average price is $33.98.

Live Oak Bancshares Announces Dividend

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

Insider Activity

In other Live Oak Bancshares news, Director William Henderson Cameron bought 5,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $25.92 per share, for a total transaction of $129,600.00. Following the completion of the transaction, the director now directly owns 11,904 shares of the company's stock, valued at approximately $308,551.68. This represents a 72.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.40% of the company's stock.

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.