Swiss National Bank Has $2.40 Million Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Swiss National Bank boosted its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,400 shares of the bank’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned 0.18% of Live Oak Bancshares worth $2,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Wealth Advisors LLC acquired a new stake in Live Oak Bancshares in the 3rd quarter valued at approximately $46,000. Allspring Global Investments Holdings LLC raised its stake in shares of Live Oak Bancshares by 49.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,530 shares of the bank’s stock worth $46,000 after purchasing an additional 508 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Live Oak Bancshares in the 3rd quarter valued at approximately $55,000. Global Retirement Partners LLC bought a new position in shares of Live Oak Bancshares in the third quarter valued at $61,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Live Oak Bancshares during the third quarter worth $92,000. Institutional investors and hedge funds own 63.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LOB shares. Piper Sandler decreased their price objective on shares of Live Oak Bancshares from $27.00 to $25.00 in a research report on Friday, April 28th. Raymond James started coverage on shares of Live Oak Bancshares in a report on Monday, February 27th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. raised shares of Live Oak Bancshares from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $25.00 to $26.50 in a report on Friday, April 28th. Truist Financial lowered their price target on shares of Live Oak Bancshares from $29.00 to $26.00 in a report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on Live Oak Bancshares from $33.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.13.

Insider Buying and Selling at Live Oak Bancshares

In other news, Director David G. Lucht acquired 5,000 shares of Live Oak Bancshares stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $20.02 per share, for a total transaction of $100,100.00. Following the completion of the purchase, the director now directly owns 20,739 shares of the company’s stock, valued at approximately $415,194.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 24.90% of the company’s stock.

Live Oak Bancshares Stock Down 0.3 %

Shares of Live Oak Bancshares stock opened at $22.77 on Thursday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 7.18 and a beta of 1.46. Live Oak Bancshares, Inc. has a twelve month low of $17.31 and a twelve month high of $43.72. The company has a 50-day simple moving average of $23.49 and a two-hundred day simple moving average of $29.29.

Live Oak Bancshares (NASDAQ:LOB – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.35). The business had revenue of $101.60 million during the quarter, compared to analyst estimates of $111.27 million. Live Oak Bancshares had a net margin of 19.52% and a return on equity of 17.61%. On average, sell-side analysts anticipate that Live Oak Bancshares, Inc. will post 1.21 earnings per share for the current fiscal year.

About Live Oak Bancshares

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Live Oak Bancshares, Inc is a bank holding company for Live Oak Banking Company, which operates as a national online platform for small business lending. It operates through the following segments: Banking, Fintech, and Other. The Banking segment provides financing services to small businesses nationwide in targeted industries and deposit-related services to small businesses, consumers, and other customers nationwide.