US Bancorp DE Has $385,000 Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

US Bancorp DE increased its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 136.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,134 shares of the bank’s stock after acquiring an additional 4,687 shares during the period. US Bancorp DE’s holdings in Live Oak Bancshares were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in shares of Live Oak Bancshares during the 2nd quarter valued at about $542,000. Jacobs Levy Equity Management Inc. bought a new stake in Live Oak Bancshares in the first quarter worth approximately $1,350,000. Vanguard Group Inc. grew its position in Live Oak Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,536,094 shares of the bank’s stock worth $105,273,000 after acquiring an additional 27,086 shares in the last quarter. Capital International Investors acquired a new position in shares of Live Oak Bancshares during the 1st quarter worth $18,628,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Live Oak Bancshares by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 118,609 shares of the bank’s stock valued at $4,923,000 after purchasing an additional 1,961 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company’s stock.

Live Oak Bancshares Stock Performance

Shares of NASDAQ:LOB opened at $48.67 on Wednesday. The stock’s 50-day moving average is $45.48 and its 200-day moving average is $40.11. The company has a market cap of $2.19 billion, a P/E ratio of 30.61 and a beta of 1.63. Live Oak Bancshares, Inc. has a 52-week low of $29.26 and a 52-week high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $241.87 million for the quarter, compared to the consensus estimate of $126.63 million. Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, equities analysts predict that Live Oak Bancshares, Inc. will post 2.09 EPS for the current year.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Tuesday, September 3rd. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 7.55%.

Insider Activity at Live Oak Bancshares

In other news, CAO John W. Sutherland sold 20,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $43.00, for a total transaction of $860,000.00. Following the completion of the transaction, the chief accounting officer now owns 26,603 shares of the company’s stock, valued at approximately $1,143,929. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO John W. Sutherland sold 20,000 shares of Live Oak Bancshares stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the chief accounting officer now owns 26,603 shares of the company’s stock, valued at approximately $1,143,929. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Henderson Cameron bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $39.76 per share, with a total value of $39,760.00. Following the completion of the purchase, the director now directly owns 202,217 shares of the company’s stock, valued at $8,040,147.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Truist Financial lowered their price objective on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $47.00 target price (up from $40.00) on shares of Live Oak Bancshares in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.50.

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.