American Century Companies Inc. Has $6.29 Million Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

American Century Companies Inc. lessened its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,090 shares of the bank’s stock after selling 12,263 shares during the quarter. American Century Companies Inc. owned approximately 0.35% of Live Oak Bancshares worth $6,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of LOB. Picton Mahoney Asset Management bought a new position in shares of Live Oak Bancshares during the 4th quarter worth approximately $27,000. Quarry LP lifted its holdings in shares of Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after acquiring an additional 354 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Live Oak Bancshares in the 4th quarter valued at $71,000. Principal Securities Inc. grew its holdings in shares of 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 during the last quarter. Finally, FMR LLC increased its position 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 in the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Trading Down 1.9 %

Shares of LOB stock opened at $24.28 on Friday. Live Oak Bancshares, Inc. has a 1 year low of $23.00 and a 1 year high of $50.57. The firm’s 50 day moving average is $31.00 and its 200-day moving average is $39.55. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.74 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. Live Oak Bancshares’s payout ratio is 8.28%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LOB. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares presently has a consensus rating of “Hold” and an average target price of $44.75.

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.