Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC increased its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,458 shares of the bank’s stock after acquiring an additional 1,605 shares during the period. Advisory Services Network LLC owned approximately 0.08% of Live Oak Bancshares worth $1,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC grew its holdings in Live Oak Bancshares by 15.0% during the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock worth $207,000 after acquiring an additional 568 shares during the period. HighTower Advisors LLC bought a new position in shares of Live Oak Bancshares during the 3rd quarter valued at about $364,000. Stifel Financial Corp grew its stake in shares of Live Oak Bancshares by 59.5% in the 3rd quarter. Stifel Financial Corp now owns 19,720 shares of the bank’s stock worth $934,000 after purchasing an additional 7,357 shares during the last quarter. State Street Corp grew its stake in shares of Live Oak Bancshares by 13.4% in the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock worth $52,553,000 after purchasing an additional 131,343 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Live Oak Bancshares in the 3rd quarter worth approximately $291,000. Institutional investors and hedge funds own 63.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LOB. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. StockNews.com cut Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Live Oak Bancshares presently has a consensus rating of “Hold” and a consensus price target of $44.75.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock opened at $23.47 on Friday. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $50.57. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.19 and a beta of 1.75. The company has a 50 day moving average price of $29.39 and a 200 day moving average price of $38.38.

Live Oak Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. Live Oak Bancshares’s dividend payout ratio is 8.28%.

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.