Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,413 shares of the bank’s stock after buying an additional 2,301 shares during the quarter. Commonwealth Equity Services LLC owned 0.18% of Live Oak Bancshares worth $3,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of 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 during the period. JPMorgan Chase & Co. grew its stake in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after purchasing an additional 54,286 shares in the last quarter. Barclays PLC grew its stake in Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank’s stock worth $3,485,000 after purchasing an additional 41,662 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Live Oak Bancshares in the 3rd quarter valued at about $364,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Live Oak Bancshares by 44.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock valued at $1,840,000 after buying an additional 14,293 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Analyst Ratings Changes

LOB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. StockNews.com raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Live Oak Bancshares has a consensus rating of “Hold” and a consensus target price of $44.75.

Live Oak Bancshares Trading Up 0.8 %

LOB stock opened at $27.95 on Wednesday. The firm has a 50 day moving average of $33.05 and a 200-day moving average of $40.46. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 19.28 and a beta of 1.69. Live Oak Bancshares, Inc. has a 12-month low of $26.50 and a 12-month high of $50.57.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. 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 0.43%. 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.