Tudor Investment Corp ET AL Purchases 49,644 Shares of Live Oak Bancshares, Inc. $LOB

Key Points

• Tudor Investment Corp increased its stake in Live Oak Bancshares by 39.4%, purchasing 49,644 shares to own 175,667 shares (about 0.38% of the company) valued at roughly $6.19 million per its latest SEC filing.
• Company insiders have been active: CFO Walter J. Phifer sold 4,712 shares (a 31.8% cut to his position), insiders sold a total of 17,412 shares worth $660,862 in the last three months, and insiders now own 23.4% of the stock.
• Analysts assign Live Oak Bancshares an average rating of "Hold" with a consensus price target of $44.20; two analysts rate it Buy and four rate it Hold.

Tudor Investment Corp ET AL raised its position in Live Oak Bancshares, Inc. (NYSE:LOB - Free Report) by 39.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,667 shares of the company's stock after acquiring an additional 49,644 shares during the period. Tudor Investment Corp ET AL owned approximately 0.38% of Live Oak Bancshares worth $6,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Live Oak Bancshares by 9.7% during the 3rd quarter. CWM LLC now owns 4,284 shares of the company's stock valued at $151,000 after purchasing an additional 380 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Live Oak Bancshares by 60.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the company's stock worth $49,000 after buying an additional 512 shares during the last quarter. Swiss National Bank increased its position in Live Oak Bancshares by 0.9% during the 3rd quarter. Swiss National Bank now owns 70,700 shares of the company's stock valued at $2,490,000 after buying an additional 600 shares in the last quarter. Level Four Advisory Services LLC raised its stake in Live Oak Bancshares by 2.1% in the third quarter. Level Four Advisory Services LLC now owns 31,426 shares of the company's stock valued at $1,107,000 after buying an additional 661 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Live Oak Bancshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,594 shares of the company's stock worth $549,000 after acquiring an additional 880 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LOB shares. Zacks Research upgraded Live Oak Bancshares from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 17th. TD Cowen dropped their target price on shares of Live Oak Bancshares from $53.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Live Oak Bancshares in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $44.20.

Insider Buying and Selling at Live Oak Bancshares

In other Live Oak Bancshares news, CFO Walter J. Phifer sold 4,712 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $36.58, for a total transaction of $172,364.96. Following the sale, the chief financial officer directly owned 10,103 shares of the company's stock, valued at approximately $369,567.74. This trade represents a 31.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ewa Maria Stasiowska acquired 2,595 shares of Live Oak Bancshares stock in a transaction on Monday, January 26th. The shares were bought at an average price of $38.53 per share, with a total value of $99,985.35. Following the purchase, the insider directly owned 2,595 shares in the company, valued at approximately $99,985.35. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 17,412 shares of company stock valued at $660,862 in the last three months. Company insiders own 23.40% of the company's stock.

Live Oak Bancshares Stock Up 0.1%

Shares of NYSE LOB opened at $32.77 on Wednesday. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $42.89. The business's 50 day moving average price is $37.48 and its 200 day moving average price is $35.41. The firm has a market cap of $1.50 billion, a P/E ratio of 14.76 and a beta of 1.97.

Live Oak Bancshares (NYSE:LOB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.39. The company had revenue of $161.86 million during the quarter. Live Oak Bancshares had a net margin of 10.09% and a return on equity of 9.71%.

Live Oak Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Thursday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 5th. Live Oak Bancshares's dividend payout ratio is presently 5.41%.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company's primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.

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