D. E. Shaw & Co. Inc. Sells 40,777 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,027 shares of the bank's stock after selling 40,777 shares during the period. D. E. Shaw & Co. Inc. owned 0.35% of Live Oak Bancshares worth $6,290,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its position in Live Oak Bancshares by 75.8% in the 4th quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after acquiring an additional 880,530 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Live Oak Bancshares in the fourth quarter valued at approximately $5,277,000. AmeriServ Wealth Advisors purchased a new position in shares of Live Oak Bancshares during the fourth quarter valued at approximately $4,443,000. Norges Bank bought a new stake in Live Oak Bancshares during the fourth quarter worth $4,056,000. Finally, Southernsun Asset Management LLC raised its position in Live Oak Bancshares by 10.3% in the 4th quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank's stock valued at $31,510,000 after buying an additional 74,193 shares during the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.

Live Oak Bancshares Trading Down 0.2%

Shares of NASDAQ LOB traded down $0.07 during midday trading on Tuesday, hitting $28.03. The company's stock had a trading volume of 229,487 shares, compared to its average volume of 240,750. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.33 and a beta of 1.84. Live Oak Bancshares, Inc. has a one year low of $22.68 and a one year high of $50.57. The stock has a fifty day moving average price of $26.26 and a 200 day moving average price of $34.83.

Insiders Place Their Bets

In other news, Director William Henderson Cameron bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $25.92 per share, for a total transaction of $129,600.00. Following the transaction, the director now directly owns 11,904 shares of the company's stock, valued at $308,551.68. This represents a 72.42% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LOB shares. StockNews.com lowered shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. Keefe, Bruyette & Woods decreased 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 note on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Live Oak Bancshares has an average rating of "Hold" and an average target price of $42.25.

About Live Oak Bancshares

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.