Point72 Europe London LLP Purchases New Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Point72 Europe London LLP bought a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,121 shares of the bank's stock, valued at approximately $2,140,000. Point72 Europe London LLP owned approximately 0.12% of Live Oak Bancshares as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LOB. Vanguard Group Inc. boosted its position in Live Oak Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after purchasing an additional 10,213 shares during the last quarter. Capital International Investors grew its stake in shares of 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 buying an additional 880,530 shares in the last quarter. Southernsun Asset Management LLC increased its holdings 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 worth $31,510,000 after buying an additional 74,193 shares during the last quarter. abrdn plc increased its holdings in Live Oak Bancshares by 10.0% in the fourth quarter. abrdn plc now owns 336,721 shares of the bank's stock worth $13,324,000 after buying an additional 30,597 shares during the last quarter. Finally, Northern Trust Corp raised its position in Live Oak Bancshares by 3.2% during the fourth quarter. Northern Trust Corp now owns 314,325 shares of the bank's stock valued at $12,432,000 after acquiring an additional 9,661 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company's stock.

Live Oak Bancshares Stock Down 0.6%

LOB stock traded down $0.18 during midday trading on Monday, hitting $28.16. 159,748 shares of the company traded hands, compared to its average volume of 240,795. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.42 and a beta of 1.84. The business has a 50 day simple moving average of $26.26 and a 200-day simple moving average of $34.92.

Analyst Upgrades and Downgrades

Several research analysts have recently commented 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 report on Friday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $42.25.

Insider Buying and Selling

In related news, Director William Henderson Cameron acquired 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $25.92 per share, for a total transaction of $129,600.00. Following the completion of the purchase, the director now owns 11,904 shares in the company, valued at approximately $308,551.68. The trade was a 72.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.40% of the company's stock.

Live Oak Bancshares Company 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.