Hsbc Holdings PLC Acquires 16,319 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Hsbc Holdings PLC increased its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 391.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in Live Oak Bancshares during the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC bought a new stake in shares of Live Oak Bancshares in the fourth quarter worth $71,000. Principal Securities Inc. increased its holdings in Live Oak Bancshares by 99.7% in the fourth quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock valued at $119,000 after purchasing an additional 1,498 shares during the period. Thoroughbred Financial Services LLC raised its position in Live Oak Bancshares by 7.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock worth $221,000 after purchasing an additional 407 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock worth $237,000 after buying an additional 400 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William Henderson Cameron acquired 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $25.92 per share, for a total transaction of $129,600.00. Following the completion of the acquisition, the director now owns 11,904 shares of the company's stock, valued at approximately $308,551.68. This trade represents a 72.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.40% of the company's stock.

Analyst Upgrades and Downgrades

LOB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on 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 downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.25.

Live Oak Bancshares Stock Performance

Shares of NASDAQ:LOB traded up $0.51 during midday trading on Friday, reaching $27.13. The company's stock had a trading volume of 257,306 shares, compared to its average volume of 238,303. Live Oak Bancshares, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $50.57. The firm has a 50 day moving average price of $26.30 and a two-hundred day moving average price of $35.37. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.71 and a beta of 1.84.

Live Oak Bancshares Dividend Announcement

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

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.