Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 391.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,491 shares of the bank's stock after buying an additional 16,319 shares during the quarter. Hsbc Holdings PLC's holdings in Live Oak Bancshares were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LOB. Capital International Investors grew its position in shares of Live Oak Bancshares by 75.8% in the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after purchasing an additional 880,530 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Live Oak Bancshares in the fourth quarter worth $5,277,000. Norges Bank purchased a new stake in shares of Live Oak Bancshares in the fourth quarter valued at $4,056,000. one8zero8 LLC acquired a new stake in shares of Live Oak Bancshares during the fourth quarter valued at $2,689,000. Finally, JPMorgan Chase & Co. increased its position in Live Oak Bancshares by 195.3% during the 3rd 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 in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Up 2.2 %

Shares of NASDAQ LOB opened at $27.26 on Monday. The stock has a market capitalization of $1.24 billion, a PE ratio of 18.80 and a beta of 1.84. The firm has a fifty day moving average of $26.78 and a 200-day moving average of $36.02. Live Oak Bancshares, Inc. has a 52-week low of $22.68 and a 52-week high of $50.57.

Live Oak Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.44%. Live Oak Bancshares's dividend payout ratio is presently 9.23%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LOB. Keefe, Bruyette & Woods cut their price objective on shares of Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. StockNews.com lowered Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.25.

Live Oak Bancshares 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.

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