Live Oak Bancshares, Inc. $LOB Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Live Oak Bancshares, Inc. by 34.6%, bringing their total ownership to 61,284 shares valued at approximately $1,634,000.
• Live Oak Bancshares announced a $0.03 dividend to be paid on September 15th, with an impressive yield of 32.0%.
• Wall Street analysts have raised the company's rating to "outperform" and increased the price target from $37.00 to $43.00, indicating a positive outlook for the stock.

Trexquant Investment LP boosted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 34.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,284 shares of the bank's stock after buying an additional 15,767 shares during the period. Trexquant Investment LP owned approximately 0.13% of Live Oak Bancshares worth $1,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in Live Oak Bancshares by 0.9% in the 1st quarter. Invesco Ltd. now owns 51,152 shares of the bank's stock valued at $1,364,000 after acquiring an additional 432 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Live Oak Bancshares by 3.6% in the 4th 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 last quarter. Benjamin Edwards Inc. grew its position 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 acquiring an additional 799 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Live Oak Bancshares by 1.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,152 shares of the bank's stock valued at $3,486,000 after acquiring an additional 1,322 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Live Oak Bancshares by 5.0% in the 4th quarter. California State Teachers Retirement System now owns 33,580 shares of the bank's stock valued at $1,328,000 after acquiring an additional 1,601 shares during the last quarter. Hedge funds and other institutional investors own 63.95% of the company's stock.

Live Oak Bancshares Price Performance

Live Oak Bancshares stock traded up $0.29 during midday trading on Thursday, reaching $37.00. The company's stock had a trading volume of 247,841 shares, compared to its average volume of 289,993. Live Oak Bancshares, Inc. has a 52-week low of $22.68 and a 52-week high of $50.57. The stock has a market capitalization of $1.69 billion, a P/E ratio of 25.51 and a beta of 1.75. The stock's 50-day simple moving average is $34.18 and its 200-day simple moving average is $29.82.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a sep 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.03 dividend. This represents a yield of 32.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Live Oak Bancshares's dividend payout ratio (DPR) is presently 9.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Live Oak Bancshares in a research report on Wednesday. They set a "neutral" rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods raised Live Oak Bancshares from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $43.00 in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.75.

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.