Y Intercept Hong Kong Ltd Acquires 17,082 Shares of Live Oak Bancshares, Inc. $LOB

Y Intercept Hong Kong Ltd increased its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 100.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 34,148 shares of the bank’s stock after acquiring an additional 17,082 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of Live Oak Bancshares worth $1,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Live Oak Bancshares by 24.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 181,269 shares of the bank’s stock worth $5,402,000 after acquiring an additional 36,152 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Live Oak Bancshares by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,876 shares of the bank’s stock worth $384,000 after acquiring an additional 345 shares during the last quarter. CWM LLC lifted its stake in shares of Live Oak Bancshares by 1,547.3% during the 2nd quarter. CWM LLC now owns 3,904 shares of the bank’s stock worth $116,000 after acquiring an additional 3,667 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Live Oak Bancshares by 37.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,481 shares of the bank’s stock worth $223,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Live Oak Bancshares by 14.9% during the 2nd quarter. Ballentine Partners LLC now owns 8,671 shares of the bank’s stock worth $258,000 after acquiring an additional 1,122 shares during the last quarter. 63.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LOB shares. National Bankshares set a $50.00 price target on Live Oak Bancshares in a research note on Wednesday, September 24th. Cowen started coverage on Live Oak Bancshares in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Piper Sandler decreased their target price on Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Cantor Fitzgerald started coverage on Live Oak Bancshares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $42.00 target price for the company. Finally, Keefe, Bruyette & Woods raised Live Oak Bancshares from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $37.00 to $43.00 in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Live Oak Bancshares Trading Up 1.3%

Shares of NASDAQ:LOB opened at $31.54 on Tuesday. Live Oak Bancshares, Inc. has a 12-month low of $22.68 and a 12-month high of $50.17. The business’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $31.89. The company has a market capitalization of $1.44 billion, a PE ratio of 21.75 and a beta of 1.81.

Live Oak Bancshares Announces Dividend

The business also recently declared a sep 25 dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.03 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a dividend yield of 32.0%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.05%.

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.