Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,000 shares of the bank’s stock after purchasing an additional 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Live Oak Bancshares were worth $237,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LOB. Venturi Wealth Management LLC purchased a new stake in shares of Live Oak Bancshares during the fourth quarter worth $71,000. Truist Financial Corp boosted its position in Live Oak Bancshares by 65.5% during the fourth quarter. Truist Financial Corp now owns 16,310 shares of the bank’s stock worth $645,000 after acquiring an additional 6,457 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Live Oak Bancshares by 13.1% during the 4th quarter. Sanctuary Advisors LLC now owns 8,975 shares of the bank’s stock valued at $355,000 after acquiring an additional 1,038 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Live Oak Bancshares by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank’s stock valued at $1,034,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Live Oak Bancshares by 99.7% in the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after purchasing an additional 1,498 shares in the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th.

Live Oak Bancshares Trading Down 1.7 %

Shares of LOB stock opened at $31.26 on Tuesday. Live Oak Bancshares, Inc. has a twelve month low of $31.03 and a twelve month high of $50.57. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 21.56 and a beta of 1.67. The company’s 50-day moving average price is $36.59 and its 200-day moving average price is $42.05.

Live Oak Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.38%. Live Oak Bancshares’s payout ratio is 8.28%.

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.