Picton Mahoney Asset Management Acquires New Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Picton Mahoney Asset Management purchased a new position in Live Oak Bancshares, Inc. (NASDAQ:LOB) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 686 shares of the bank’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its holdings in Live Oak Bancshares by 98.6% in the third quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after purchasing an additional 354 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Live Oak Bancshares in the fourth quarter worth $71,000. Principal Securities Inc. grew its holdings in Live Oak Bancshares by 99.7% in the fourth quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after purchasing an additional 1,498 shares during the last quarter. Entropy Technologies LP purchased a new position in Live Oak Bancshares in the third quarter worth $205,000. Finally, FMR LLC grew its holdings in Live Oak Bancshares by 15.0% in the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock worth $207,000 after purchasing an additional 568 shares during the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Live Oak Bancshares Trading Down 0.9 %

NASDAQ:LOB opened at $28.36 on Tuesday. Live Oak Bancshares, Inc. has a 12 month low of $27.57 and a 12 month high of $50.57. The firm has a fifty day simple moving average of $34.30 and a 200-day simple moving average of $41.08. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.56 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.42%. Live Oak Bancshares’s payout ratio is currently 8.28%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.

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.