74,120 Shares in Live Oak Bancshares, Inc. (NASDAQ:LOB) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,120 shares of the bank's stock, valued at approximately $2,931,000. Point72 Asset Management L.P. owned 0.16% of Live Oak Bancshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management bought a new position in shares of Live Oak Bancshares in the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC bought a new position in Live Oak Bancshares in the fourth quarter worth approximately $71,000. Principal Securities Inc. boosted its stake in shares of Live Oak Bancshares by 99.7% during the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock worth $119,000 after acquiring an additional 1,498 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Live Oak Bancshares by 7.8% during the 4th 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. Finally, Handelsbanken Fonder AB grew its position in shares of Live Oak Bancshares by 7.1% during the 4th 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. Hedge funds and other institutional investors own 63.95% of the company's stock.

Insider Buying and Selling

In related news, Director William Henderson Cameron bought 5,000 shares of the company's stock in a transaction dated 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 acquisition, the director now owns 11,904 shares in the company, valued at $308,551.68. This trade represents a 72.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LOB has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Wall Street Zen lowered shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to 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 Stock Down 0.2%

LOB stock traded down $0.04 during trading on Monday, reaching $26.93. The company's stock had a trading volume of 365,486 shares, compared to its average volume of 243,517. Live Oak Bancshares, Inc. has a 1 year low of $22.68 and a 1 year high of $50.57. The company's fifty day moving average is $26.18 and its 200-day moving average is $34.34. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.57 and a beta of 1.84.

Live Oak Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date is Tuesday, June 3rd. Live Oak Bancshares's dividend payout ratio 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.