Tudor Investment Corp ET AL lessened its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 53.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,280 shares of the bank's stock after selling 71,157 shares during the quarter. Tudor Investment Corp ET AL owned about 0.14% of Live Oak Bancshares worth $2,424,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Live Oak Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after acquiring an additional 10,213 shares in the last quarter. Capital International Investors increased 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 worth $80,749,000 after purchasing an additional 880,530 shares during the last quarter. Southernsun Asset Management LLC raised its stake in Live Oak Bancshares by 10.3% in the fourth quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank's stock valued at $31,510,000 after purchasing an additional 74,193 shares in the last quarter. abrdn plc lifted its position in Live Oak Bancshares by 10.0% during the fourth quarter. abrdn plc now owns 336,721 shares of the bank's stock valued at $13,324,000 after purchasing an additional 30,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Live Oak Bancshares by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,002 shares of the bank's stock worth $11,232,000 after buying an additional 5,181 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on LOB shares. StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. Keefe, Bruyette & Woods dropped their price target on 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $42.25.
View Our Latest Stock Report on LOB
Live Oak Bancshares Stock Up 0.0 %
Shares of Live Oak Bancshares stock traded up $0.01 during trading on Friday, reaching $26.63. The company's stock had a trading volume of 88,131 shares, compared to its average volume of 236,711. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 18.37 and a beta of 1.84. The firm's 50-day moving average is $26.36 and its two-hundred day moving average is $35.58. Live Oak Bancshares, Inc. has a 52-week low of $22.68 and a 52-week high of $50.57.
Live Oak Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.45%. Live Oak Bancshares's dividend payout ratio (DPR) is currently 9.23%.
Insider Transactions at Live Oak Bancshares
In other news, Director William Henderson Cameron purchased 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $25.92 per share, with a total value of $129,600.00. Following the transaction, the director now directly owns 11,904 shares of the company's stock, valued at approximately $308,551.68. This represents a 72.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.40% of the company's stock.
About Live Oak Bancshares
(
Free Report)
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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