Live Oak Bancshares, Inc. $LOB Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 37.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,481 shares of the bank’s stock after purchasing an additional 2,040 shares during the period. Public Employees Retirement System of Ohio’s holdings in Live Oak Bancshares were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LOB. California State Teachers Retirement System raised its position in shares of Live Oak Bancshares by 5.0% in the 4th quarter. California State Teachers Retirement System now owns 33,580 shares of the bank’s stock valued at $1,328,000 after purchasing an additional 1,601 shares in the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 9,237 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Live Oak Bancshares by 100.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 38,802 shares of the bank’s stock valued at $1,034,000 after acquiring an additional 19,457 shares during the last quarter. Aviance Capital Partners LLC bought a new stake in shares of Live Oak Bancshares in the 1st quarter valued at approximately $790,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Live Oak Bancshares by 16.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 145,117 shares of the bank’s stock valued at $3,869,000 after acquiring an additional 20,430 shares during the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $37.00 to $43.00 in a report on Tuesday, August 19th. Cantor Fitzgerald assumed coverage on Live Oak Bancshares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $42.00 price target for the company. National Bankshares set a $50.00 price target on Live Oak Bancshares in a report on Wednesday, September 24th. Finally, Cowen assumed coverage on Live Oak Bancshares in a report on Wednesday, September 24th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Live Oak Bancshares Price Performance

Shares of LOB opened at $35.35 on Tuesday. The company has a market cap of $1.62 billion, a P/E ratio of 24.38 and a beta of 1.81. The stock has a fifty day moving average price of $35.43 and a 200 day moving average price of $30.62. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $50.30.

Live Oak Bancshares Dividend Announcement

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

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.