First Trust Advisors LP Has $632,000 Stake in Live Oak Bancshares, Inc. (NASDAQ:LOB)

First Trust Advisors LP lowered its position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,972 shares of the bank's stock after selling 17,344 shares during the period. First Trust Advisors LP's holdings in Live Oak Bancshares were worth $632,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Live Oak Bancshares in the 4th quarter worth about $5,277,000. JPMorgan Chase & Co. increased its position in Live Oak Bancshares by 195.3% in the third quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock worth $3,888,000 after purchasing an additional 54,286 shares during the period. Barclays PLC lifted its holdings in Live Oak Bancshares by 130.5% in the third quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after buying an additional 41,662 shares during the period. Victory Capital Management Inc. grew its stake in shares of Live Oak Bancshares by 44.3% during the fourth quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock worth $1,840,000 after purchasing an additional 14,293 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Live Oak Bancshares by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank's stock valued at $1,034,000 after acquiring an additional 2,340 shares during the period. 63.95% of the stock is currently owned by institutional investors.

Insider Activity at Live Oak Bancshares

In related 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 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. The trade was a 72.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.40% of the stock is owned by company insiders.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock traded down $0.38 during mid-day trading on Wednesday, reaching $28.61. The company's stock had a trading volume of 35,587 shares, compared to its average volume of 319,158. The business's 50 day simple moving average is $26.26 and its 200 day simple moving average is $35.20. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.57. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.67 and a beta of 1.84.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LOB shares. StockNews.com cut Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. Keefe, Bruyette & Woods dropped their target price on shares of Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.25.

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.