Swiss National Bank Acquires 4,700 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Swiss National Bank lifted its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 70,800 shares of the bank’s stock after purchasing an additional 4,700 shares during the period. Swiss National Bank owned 0.16% of Live Oak Bancshares worth $2,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP grew its holdings in Live Oak Bancshares by 98.6% during the 3rd quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after acquiring an additional 354 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Live Oak Bancshares in the fourth quarter valued at approximately $71,000. Principal Securities Inc. raised its position in 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. FMR LLC raised its position in Live Oak Bancshares by 15.0% in the 3rd quarter. FMR LLC now owns 4,364 shares of the bank’s stock worth $207,000 after purchasing an additional 568 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after buying an additional 400 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Down 2.6 %

Shares of Live Oak Bancshares stock opened at $27.23 on Thursday. The business has a fifty day simple moving average of $32.79 and a 200 day simple moving average of $40.37. The stock has a market cap of $1.23 billion, a PE ratio of 18.78 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. Live Oak Bancshares’s dividend payout ratio is 8.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOB shares. StockNews.com raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. 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 report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Live Oak Bancshares currently has a consensus rating of “Hold” and a consensus target price of $44.75.

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.