Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $22.80 and last traded at $23.10, with a volume of 614749 shares. The stock had previously closed at $23.58.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. StockNews.com lowered 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 assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.75.
Read Our Latest Stock Report on LOB
Live Oak Bancshares Stock Up 0.6 %
The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.30 and a beta of 1.75. The company's 50-day moving average price is $29.39 and its 200-day moving average price is $38.33.
Live Oak Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. Live Oak Bancshares's payout ratio is currently 8.28%.
Institutional Trading of Live Oak Bancshares
Institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in Live Oak Bancshares in the 4th quarter valued at about $27,000. Venturi Wealth Management LLC acquired a new stake in Live Oak Bancshares during the fourth quarter worth $71,000. Principal Securities Inc. raised its position 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. FMR LLC grew its holdings in shares of Live Oak Bancshares by 15.0% during the 3rd quarter. FMR LLC now owns 4,364 shares of the bank's stock worth $207,000 after purchasing an additional 568 shares during the period. Finally, Synovus Financial Corp acquired a new stake in shares of Live Oak Bancshares during the 3rd quarter worth about $261,000. 63.95% of the stock is owned by institutional investors and hedge funds.
About Live Oak Bancshares
(
Get 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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