Barrow Hanley Mewhinney & Strauss LLC Has $62.56 Million Holdings in Live Oak Bancshares, Inc. $LOB

Barrow Hanley Mewhinney & Strauss LLC lessened its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,776,292 shares of the bank’s stock after selling 104,680 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 3.88% of Live Oak Bancshares worth $62,561,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LOB. Jones Financial Companies Lllp raised its holdings in shares of Live Oak Bancshares by 60.1% in the third quarter. Jones Financial Companies Lllp now owns 1,364 shares of the bank’s stock valued at $49,000 after buying an additional 512 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Live Oak Bancshares in the 3rd quarter valued at about $63,000. Tower Research Capital LLC TRC raised its stake in shares of Live Oak Bancshares by 138.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the bank’s stock worth $95,000 after acquiring an additional 1,850 shares during the last quarter. CWM LLC raised its stake in shares of Live Oak Bancshares by 9.7% in the third quarter. CWM LLC now owns 4,284 shares of the bank’s stock worth $151,000 after acquiring an additional 380 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Live Oak Bancshares by 111.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 6,170 shares of the bank’s stock worth $184,000 after purchasing an additional 3,248 shares in the last quarter. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Stock Down 0.1%

LOB opened at $33.38 on Wednesday. The company has a fifty day simple moving average of $38.15 and a 200 day simple moving average of $35.82. The stock has a market cap of $1.53 billion, a P/E ratio of 23.02 and a beta of 1.97. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $42.89.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Thursday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, March 5th. Live Oak Bancshares’s payout ratio is 5.41%.

Insider Transactions at Live Oak Bancshares

In other news, insider Ewa Maria Stasiowska acquired 2,595 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was acquired at an average cost of $38.53 per share, for a total transaction of $99,985.35. Following the completion of the acquisition, the insider owned 2,595 shares in the company, valued at $99,985.35. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Courtney Spencer sold 9,700 shares of Live Oak Bancshares stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $39.01, for a total value of $378,397.00. Following the completion of the sale, the insider directly owned 25,160 shares in the company, valued at approximately $981,491.60. This represents a 27.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 17,412 shares of company stock valued at $660,862. 23.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, TD Cowen dropped their price objective on shares of Live Oak Bancshares from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Two 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, Live Oak Bancshares has an average rating of “Moderate Buy” and an average price target of $44.20.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.