Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,325 shares of the bank's stock after buying an additional 9,661 shares during the period. Northern Trust Corp owned 0.70% of Live Oak Bancshares worth $12,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Live Oak Bancshares by 0.6% in the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank's stock valued at $2,006,000 after acquiring an additional 298 shares during the last quarter. Handelsbanken Fonder AB raised its position in Live Oak Bancshares by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock valued at $237,000 after purchasing an additional 400 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Live Oak Bancshares by 7.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock valued at $221,000 after purchasing an additional 407 shares during the last quarter. Howe & Rusling Inc. grew its holdings in shares of Live Oak Bancshares by 8.3% during the 4th quarter. Howe & Rusling Inc. now owns 8,513 shares of the bank's stock worth $337,000 after purchasing an additional 655 shares during the period. Finally, Picton Mahoney Asset Management purchased a new position in shares of Live Oak Bancshares during the 4th quarter worth $27,000. Institutional investors and hedge funds own 63.95% of the company's stock.

Live Oak Bancshares Trading Down 0.2%

LOB traded down $0.07 during mid-day trading on Tuesday, hitting $28.03. 229,487 shares of the stock were exchanged, compared to its average volume of 240,750. The firm's fifty day moving average is $26.26 and its two-hundred day moving average is $34.83. Live Oak Bancshares, Inc. has a 1-year low of $22.68 and a 1-year high of $50.57. The company has a market cap of $1.28 billion, a PE ratio of 19.33 and a beta of 1.84.

Insider Transactions at Live Oak Bancshares

In related news, Director William Henderson Cameron bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $25.92 per share, with a total value of $129,600.00. Following the purchase, the director now directly owns 11,904 shares of the company's stock, valued at $308,551.68. This trade represents a 72.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 23.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LOB. StockNews.com cut shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. Keefe, Bruyette & Woods reduced their price target on shares of Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating on the stock 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 given a buy rating to the company's stock. According to MarketBeat.com, Live Oak Bancshares has an average rating of "Hold" and a consensus price target of $42.25.

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.