Deutsche Bank AG Has $3.40 Million Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Deutsche Bank AG grew its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 86,017 shares of the bank’s stock after acquiring an additional 11,248 shares during the quarter. Deutsche Bank AG owned about 0.19% of Live Oak Bancshares worth $3,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LOB. Invesco Ltd. increased its position in Live Oak Bancshares by 0.6% in the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank’s stock worth $2,006,000 after buying an additional 298 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after buying an additional 400 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Live Oak Bancshares by 7.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock valued at $221,000 after purchasing an additional 407 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Live Oak Bancshares by 8.3% in the 4th quarter. Howe & Rusling Inc. now owns 8,513 shares of the bank’s stock worth $337,000 after buying an additional 655 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Live Oak Bancshares in the 4th quarter worth $27,000. Institutional investors and hedge funds own 63.95% of the company’s stock.

Live Oak Bancshares Trading Down 0.2%

Shares of LOB opened at $28.03 on Wednesday. The firm’s 50-day moving average is $26.27 and its two-hundred day moving average is $34.79. The firm has a market capitalization of $1.28 billion, a P/E ratio of 19.33 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.

Wall Street Analyst Weigh In

LOB has been the subject of several recent research reports. Keefe, Bruyette & Woods dropped their target price on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. StockNews.com downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.25.

Insiders Place Their Bets

In related news, Director William Henderson Cameron purchased 5,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $25.92 per share, with a total value of $129,600.00. Following the completion of the transaction, the director now owns 11,904 shares of the company’s stock, valued at approximately $308,551.68. This trade represents a 72.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently 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.