Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 826,456 shares of the bank's stock after selling 26,572 shares during the period. Ameriprise Financial Inc. owned about 1.83% of Live Oak Bancshares worth $32,686,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Algert Global LLC increased its stake in Live Oak Bancshares by 5.4% during the 4th quarter. Algert Global LLC now owns 96,756 shares of the bank's stock worth $3,827,000 after buying an additional 4,962 shares during the period. AmeriServ Wealth Advisors acquired a new position in Live Oak Bancshares during the 4th quarter worth approximately $4,443,000. Northern Trust Corp grew its holdings in Live Oak Bancshares by 3.2% during the 4th quarter. Northern Trust Corp now owns 314,325 shares of the bank's stock worth $12,432,000 after acquiring an additional 9,661 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Live Oak Bancshares during the 4th quarter worth approximately $346,000. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Live Oak Bancshares by 1.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 50,790 shares of the bank's stock worth $2,009,000 after acquiring an additional 960 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LOB has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating for the company in a report on Friday, April 25th. StockNews.com cut shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $42.25.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock traded down $0.18 during trading hours on Monday, hitting $28.16. The company had a trading volume of 159,748 shares, compared to its average volume of 240,795. The company's 50-day moving average is $26.26 and its two-hundred day moving average is $34.83. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57. The company has a market cap of $1.28 billion, a P/E ratio of 19.42 and a beta of 1.84.

Insider Activity

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

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.