US Bancorp DE Has $385,000 Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

US Bancorp DE increased its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 136.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,134 shares of the bank’s stock after buying an additional 4,687 shares during the quarter. US Bancorp DE’s holdings in Live Oak Bancshares were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. nVerses Capital LLC increased its holdings in shares of Live Oak Bancshares by 87.5% during the third quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock worth $71,000 after buying an additional 700 shares in the last quarter. Quest Partners LLC grew its position in Live Oak Bancshares by 68.4% during the 2nd quarter. Quest Partners LLC now owns 2,026 shares of the bank’s stock worth $71,000 after acquiring an additional 823 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Live Oak Bancshares by 1,885.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank’s stock valued at $81,000 after purchasing an additional 2,206 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Live Oak Bancshares in the 1st quarter valued at $129,000. Finally, New York State Teachers Retirement System boosted its stake in Live Oak Bancshares by 161.4% in the third quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank’s stock worth $150,000 after purchasing an additional 1,954 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company’s stock.

Live Oak Bancshares Stock Up 1.2 %

Live Oak Bancshares stock opened at $48.67 on Wednesday. The business’s 50-day simple moving average is $45.48 and its 200 day simple moving average is $40.11. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 30.61 and a beta of 1.63. Live Oak Bancshares, Inc. has a 12-month low of $29.26 and a 12-month high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. The business had revenue of $241.87 million during the quarter, compared to the consensus estimate of $126.63 million. During the same period last year, the business posted $0.88 EPS. As a group, sell-side analysts expect that Live Oak Bancshares, Inc. will post 2.09 EPS for the current year.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Tuesday, September 3rd. Live Oak Bancshares’s dividend payout ratio is presently 7.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial lowered their target price on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Piper Sandler lowered their price objective on shares of Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $47.00 target price (up from $40.00) on shares of Live Oak Bancshares in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.50.

Insider Buying and Selling at Live Oak Bancshares

In other news, CAO John W. Sutherland sold 20,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $43.00, for a total value of $860,000.00. Following the transaction, the chief accounting officer now directly owns 26,603 shares in the company, valued at $1,143,929. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO John W. Sutherland sold 20,000 shares of Live Oak Bancshares stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $43.00, for a total transaction of $860,000.00. Following the transaction, the chief accounting officer now owns 26,603 shares of the company’s stock, valued at $1,143,929. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Henderson Cameron acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average price of $39.76 per share, with a total value of $39,760.00. Following the acquisition, the director now owns 202,217 shares of the company’s stock, valued at approximately $8,040,147.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.90% of the company’s stock.

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.