CenterBook Partners LP Trims Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

CenterBook Partners LP decreased its position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,348 shares of the bank's stock after selling 36,738 shares during the quarter. CenterBook Partners LP owned approximately 0.26% of Live Oak Bancshares worth $4,602,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Live Oak Bancshares by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock valued at $36,658,000 after buying an additional 13,824 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Live Oak Bancshares by 195.3% in 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. Barclays PLC boosted its stake in Live Oak Bancshares by 130.5% in the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock worth $3,485,000 after purchasing an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new stake in Live Oak Bancshares during the 3rd quarter valued at approximately $364,000. Finally, Victory Capital Management Inc. raised its position 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 valued at $1,840,000 after buying an additional 14,293 shares during the last quarter. Institutional investors own 63.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.75.

Live Oak Bancshares Trading Down 1.5 %

Shares of NASDAQ:LOB traded down $0.35 during trading on Monday, reaching $23.13. The company's stock had a trading volume of 86,048 shares, compared to its average volume of 221,228. The stock has a market capitalization of $1.05 billion, a PE ratio of 15.95 and a beta of 1.75. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.57. The firm's 50 day simple moving average is $29.39 and its two-hundred day simple moving average is $38.33.

Live Oak Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's dividend payout ratio (DPR) is 8.28%.

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.