LPL Financial LLC Buys 757 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

LPL Financial LLC grew its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,326 shares of the bank’s stock after acquiring an additional 757 shares during the quarter. LPL Financial LLC’s holdings in Live Oak Bancshares were worth $408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted 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 valued at $3,888,000 after acquiring an additional 54,286 shares during the period. Barclays PLC boosted its holdings in Live Oak Bancshares by 130.5% in the third quarter. Barclays PLC now owns 73,577 shares of the bank’s stock worth $3,485,000 after purchasing an additional 41,662 shares during the last quarter. Victory Capital Management Inc. grew its position in Live Oak Bancshares by 44.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock worth $1,840,000 after purchasing an additional 14,293 shares during the period. Raymond James Financial Inc. purchased a new stake in Live Oak Bancshares during the 4th quarter valued at $5,277,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Live Oak Bancshares by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank’s stock valued at $1,034,000 after buying an additional 2,340 shares during the period. 63.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price target on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.25.

Live Oak Bancshares Trading Up 0.9 %

NASDAQ LOB opened at $26.64 on Friday. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.57. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.37 and a beta of 1.75. The company’s 50 day moving average is $27.35 and its two-hundred day moving average is $36.85.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders 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 annualized dividend and a dividend yield of 0.45%. Live Oak Bancshares’s payout ratio is 8.28%.

Live Oak Bancshares Company 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.