Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,649 shares of the bank’s stock after acquiring an additional 10,595 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Live Oak Bancshares worth $1,410,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Live Oak Bancshares in the fourth quarter worth about $27,000. Venturi Wealth Management LLC acquired a new stake in shares of Live Oak Bancshares during the fourth quarter worth about $71,000. Principal Securities Inc. lifted its holdings in shares of Live Oak Bancshares by 99.7% during the fourth 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 period. Thoroughbred Financial Services LLC lifted its holdings in shares of Live Oak Bancshares by 7.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after purchasing an additional 407 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Live Oak Bancshares by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 63.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LOB. Keefe, Bruyette & Woods decreased their target price on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, April 25th. StockNews.com downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. 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. According to MarketBeat.com, Live Oak Bancshares currently has an average rating of “Hold” and an average target price of $42.25.

Insider Activity at Live Oak Bancshares

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

Live Oak Bancshares Trading Down 0.6%

Shares of LOB stock opened at $28.16 on Tuesday. The stock has a 50 day moving average of $26.26 and a 200 day moving average of $34.83. The stock has a market cap of $1.28 billion, a P/E ratio of 19.42 and a beta of 1.84. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57.

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.