Sanctuary Advisors LLC Purchases 1,038 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Sanctuary Advisors LLC grew its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,975 shares of the bank’s stock after purchasing an additional 1,038 shares during the period. Sanctuary Advisors LLC’s holdings in Live Oak Bancshares were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in Live Oak Bancshares by 13.4% during the third quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock worth $52,553,000 after acquiring an additional 131,343 shares in the last quarter. Geode Capital Management LLC raised its holdings in Live Oak Bancshares by 1.8% during the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock worth $36,658,000 after acquiring an additional 13,824 shares in the last quarter. abrdn plc raised its holdings in Live Oak Bancshares by 10.0% during the fourth quarter. abrdn plc now owns 336,721 shares of the bank’s stock worth $13,324,000 after acquiring an additional 30,597 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Live Oak Bancshares by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,821 shares of the bank’s stock worth $13,208,000 after acquiring an additional 8,116 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Live Oak Bancshares by 3.6% during the third quarter. Loomis Sayles & Co. L P now owns 221,263 shares of the bank’s stock worth $10,481,000 after acquiring an additional 7,662 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

Live Oak Bancshares Stock Down 1.7 %

NASDAQ:LOB opened at $31.26 on Tuesday. The stock’s 50 day moving average price is $36.59 and its two-hundred day moving average price is $42.05. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 21.56 and a beta of 1.67. Live Oak Bancshares, Inc. has a 12-month low of $31.03 and a 12-month high of $50.57.

Live Oak Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

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

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.