Versor Investments LP bought a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Rating) during the first quarter, HoldingsChannel.com reports. The fund bought 4,361 shares of the bank, valued at around $222,000.

Other hedge funds have also changed their positions in the company. Catalyst Capital Advisors LLC bought a new stock position in Live Oak Bancshares in Q4 worth $29,000. USA Financial Portformulas Corp acquired a new stake in Live Oak Bancshares during Q4 for $34,000. Private Capital Group LLC acquired a new stake in Live Oak Bancshares during Q1 for $39,000. Compagnie Lombard Odier SCmA acquired a new stake in Live Oak Bancshares during the 1st quarter for a value of $102,000. Finally, Ensign Peak Advisors Inc acquired a new stake in Live Oak Bancshares during the 4th quarter at a value of $103,000. Hedge funds and other institutional investors hold 62.15% of the company’s shares.

Live Oak Bancshares stock performance

Live Oak Bancshares stock opened at $37.64 on Monday. The company’s 50-day moving average is $35.64 and its 200-day moving average is $47.79. Live Oak Bancshares, Inc. has a 1 year minimum of $30.24 and a 1 year maximum of $99.89. The company has a market capitalization of $1.65 billion, a P/E ratio of 10.48 and a beta of 1.56.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Shareholders of record on Tuesday, May 31 received a dividend of $0.03. The ex-dividend date was Friday, May 27. This represents a dividend of $0.12 on an annualized basis and a dividend yield of 0.32%. Live Oak Bancshares payout ratio is currently 3.34%.

A Wall Street analyst gives his opinion

A number of research companies have weighed in on LOB recently. Truist Financial lowered its price target on shares of Live Oak Bancshares from $55.00 to $49.00 in a Wednesday, June 15 report. Raymond James downgraded shares of Live Oak Bancshares from an “outperforming” rating to a “market performing” rating in a Thursday, July 7 report. JPMorgan Chase & Co. downgraded shares of Live Oak Bancshares from an ‘overweight’ rating to a ‘neutral’ rating and lowered its price target for the stock from $58.00 to $41.00 in a report Friday, July 1. TheStreet downgraded shares of Live Oak Bancshares from a “b-” rating to a “c” rating in a Thursday, June 23 report. Finally, Piper Sandler cut her price target on Live Oak Bancshares shares from $51.00 to $40.00 and set a “neutral” rating for the company in a Wednesday, June 29 report. An equity research analyst rated the stock with a sell rating, three gave the company a hold rating, and one gave the company a buy rating. According to data from MarketBeat.com, Live Oak Bancshares has an average rating of “Hold” and a consensus price target of $46.25.

Live Oak Bancshares Company Profile

(Get a rating)

Live Oak Bancshares, Inc operates as a bank holding company for Live Oak Banking Company which provides various commercial banking products and services to individuals, small businesses and professionals in North Carolina, USA. The company accepts various deposit products, including non-interest bearing demand, as well as interest bearing checks, money market, savings and term deposits.

Featured articles

Want to see what other hedge funds hold LOB? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Live Oak Bancshares, Inc. (NASDAQ: LOB – Get Rating).

Institutional ownership by quarter for Live Oak Bancshares (NASDAQ:LOB)



Receive daily news and reviews for Live Oak Bancshares – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Live Oak Bancshares and related companies with MarketBeat.com’s FREE daily newsletter.