Swiss National Bank Has $1.87 Million Stock Holdings in Live Oak Bancshares, Inc. $LOB

Swiss National Bank reduced its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,100 shares of the bank’s stock after selling 700 shares during the quarter. Swiss National Bank owned approximately 0.15% of Live Oak Bancshares worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Live Oak Bancshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,657,737 shares of the bank’s stock worth $70,855,000 after purchasing an additional 26,481 shares during the period. Northern Trust Corp lifted its position in Live Oak Bancshares by 3.2% in the fourth quarter. Northern Trust Corp now owns 314,325 shares of the bank’s stock worth $12,432,000 after purchasing an additional 9,661 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Live Oak Bancshares by 27.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 235,834 shares of the bank’s stock worth $9,327,000 after purchasing an additional 50,525 shares during the period. CenterBook Partners LP lifted its holdings in shares of Live Oak Bancshares by 49.2% during the first quarter. CenterBook Partners LP now owns 173,565 shares of the bank’s stock valued at $4,627,000 after acquiring an additional 57,217 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Live Oak Bancshares by 20.2% during the first quarter. Rice Hall James & Associates LLC now owns 155,471 shares of the bank’s stock valued at $4,145,000 after acquiring an additional 26,085 shares during the period. 63.95% of the stock is owned by institutional investors.

Live Oak Bancshares Stock Up 7.8%

Live Oak Bancshares stock opened at $37.7630 on Friday. The stock has a 50-day simple moving average of $31.81 and a 200 day simple moving average of $29.42. 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 capitalization of $1.73 billion, a price-to-earnings ratio of 26.04 and a beta of 1.82.

Live Oak Bancshares Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.03 dividend. This represents a dividend yield of 30.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Live Oak Bancshares’s payout ratio is currently 9.84%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised Live Oak Bancshares from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $43.00 in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Live Oak Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

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.