Live Oak Bancshares, Inc. $LOB Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,789 shares of the bank’s stock after selling 786 shares during the period. Voya Investment Management LLC’s holdings in Live Oak Bancshares were worth $261,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Live Oak Bancshares during the 1st quarter worth $68,000. PDT Partners LLC acquired a new position in shares of Live Oak Bancshares in the 1st quarter valued at about $225,000. GAMMA Investing LLC boosted its holdings in shares of Live Oak Bancshares by 4,595.5% in the 1st quarter. GAMMA Investing LLC now owns 9,438 shares of the bank’s stock valued at $252,000 after buying an additional 9,237 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of Live Oak Bancshares by 15.7% in the 1st quarter. Howe & Rusling Inc. now owns 9,848 shares of the bank’s stock valued at $263,000 after buying an additional 1,335 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Live Oak Bancshares by 29.6% in the 1st quarter. Benjamin Edwards Inc. now owns 11,038 shares of the bank’s stock valued at $294,000 after buying an additional 2,522 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LOB shares. Keefe, Bruyette & Woods upgraded shares of Live Oak Bancshares from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $43.00 in a report on Tuesday, August 19th. Cowen initiated coverage on shares of Live Oak Bancshares in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. National Bankshares set a $50.00 price target on shares of Live Oak Bancshares in a report on Wednesday, September 24th. Finally, Cantor Fitzgerald started coverage on shares of Live Oak Bancshares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $42.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock opened at $35.78 on Tuesday. Live Oak Bancshares, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $50.30. The firm has a fifty day moving average price of $35.23 and a two-hundred day moving average price of $30.37. The company has a market cap of $1.64 billion, a PE ratio of 24.67 and a beta of 1.75.

Live Oak Bancshares Dividend Announcement

The business also recently declared a sep 25 dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a yield of 32.0%. Live Oak Bancshares’s dividend payout ratio is 9.84%.

About Live Oak Bancshares

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.