Voloridge Investment Management LLC Reduces Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Voloridge Investment Management LLC trimmed its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,222 shares of the bank's stock after selling 18,945 shares during the quarter. Voloridge Investment Management LLC owned about 0.21% of Live Oak Bancshares worth $3,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Live Oak Bancshares by 0.6% in the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank's stock valued at $2,006,000 after acquiring an additional 298 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Live Oak Bancshares by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock valued at $237,000 after acquiring an additional 400 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Live Oak Bancshares by 7.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock valued at $221,000 after acquiring an additional 407 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of Live Oak Bancshares by 8.3% in the fourth quarter. Howe & Rusling Inc. now owns 8,513 shares of the bank's stock valued at $337,000 after acquiring an additional 655 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Live Oak Bancshares by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,714 shares of the bank's stock valued at $780,000 after acquiring an additional 682 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Live Oak Bancshares news, Director William Henderson Cameron acquired 5,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $25.92 per share, for a total transaction of $129,600.00. Following the completion of the transaction, the director now owns 11,904 shares of the company's stock, valued at $308,551.68. The trade was a 72.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOB. 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 downgraded Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Live Oak Bancshares currently has a consensus rating of "Hold" and a consensus target price of $42.25.

Live Oak Bancshares Trading Down 1.4%

Shares of Live Oak Bancshares stock traded down $0.38 during trading hours on Friday, hitting $27.53. 261,342 shares of the company were exchanged, compared to its average volume of 244,606. Live Oak Bancshares, Inc. has a 1 year low of $22.68 and a 1 year high of $50.57. The business has a 50-day moving average of $26.18 and a 200-day moving average of $33.63. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 18.98 and a beta of 1.84.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.23%.

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.