Live Oak Bancshares, Inc. (NASDAQ:LOB) Position Trimmed by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 52.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,972 shares of the bank’s stock after selling 17,344 shares during the period. First Trust Advisors LP’s holdings in Live Oak Bancshares were worth $632,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new position in shares of Live Oak Bancshares during the 4th quarter valued at $27,000. Venturi Wealth Management LLC bought a new position in shares of Live Oak Bancshares in the fourth quarter valued at $71,000. Principal Securities Inc. boosted its stake in shares of Live Oak Bancshares by 99.7% during the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after acquiring an additional 1,498 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Live Oak Bancshares by 7.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after acquiring an additional 407 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after purchasing an additional 400 shares during the period. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Trading Up 2.9 %

LOB opened at $26.57 on Friday. Live Oak Bancshares, Inc. has a 1-year low of $22.68 and a 1-year high of $50.57. The business has a 50 day moving average of $26.36 and a 200-day moving average of $35.58. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.32 and a beta of 1.84.

Live Oak Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio is 9.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOB. Keefe, Bruyette & Woods dropped their target price on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. StockNews.com lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.25.

Insider Transactions at Live Oak Bancshares

In other Live Oak Bancshares news, Director William Henderson Cameron bought 5,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $25.92 per share, with a total value of $129,600.00. Following the acquisition, the director now directly owns 11,904 shares of the company’s stock, valued at $308,551.68. The trade was a 72.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.40% of the stock is owned by insiders.

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.