Motley Fool Asset Management LLC Boosts Holdings in Live Oak Bancshares, Inc. $LOB

Motley Fool Asset Management LLC raised its position in shares of Live Oak Bancshares, Inc. (NYSE:LOB) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,135 shares of the company’s stock after acquiring an additional 18,347 shares during the period. Motley Fool Asset Management LLC owned approximately 0.15% of Live Oak Bancshares worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division raised its holdings in shares of Live Oak Bancshares by 3.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 13,028 shares of the company’s stock worth $448,000 after acquiring an additional 416 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Live Oak Bancshares by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,467 shares of the company’s stock worth $222,000 after acquiring an additional 418 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Live Oak Bancshares by 6.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,889 shares of the company’s stock worth $271,000 after acquiring an additional 506 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Live Oak Bancshares by 60.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the company’s stock worth $49,000 after acquiring an additional 512 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Live Oak Bancshares by 0.9% during the 3rd quarter. Swiss National Bank now owns 70,700 shares of the company’s stock worth $2,490,000 after acquiring an additional 600 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on LOB shares. Piper Sandler upped their price objective on Live Oak Bancshares from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. TD Cowen decreased their price objective on Live Oak Bancshares from $51.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Weiss Ratings cut Live Oak Bancshares from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Keefe, Bruyette & Woods decreased their price objective on Live Oak Bancshares from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research raised Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.40.

Live Oak Bancshares Stock Down 1.1%

Shares of Live Oak Bancshares stock opened at $38.22 on Thursday. The stock’s fifty day moving average is $36.67 and its two-hundred day moving average is $36.25. The company has a market capitalization of $1.77 billion, a PE ratio of 14.64 and a beta of 1.89. Live Oak Bancshares, Inc. has a 52 week low of $27.35 and a 52 week high of $42.89.

Live Oak Bancshares (NYSE:LOB) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $145.47 million for the quarter, compared to the consensus estimate of $146.02 million. Live Oak Bancshares had a return on equity of 11.18% and a net margin of 11.79%. As a group, research analysts anticipate that Live Oak Bancshares, Inc. will post 2.95 earnings per share for the current year.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 2nd. Live Oak Bancshares’s dividend payout ratio is 4.60%.

Insider Buying and Selling

In other Live Oak Bancshares news, insider Renato Derraik sold 75,000 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $37.83, for a total value of $2,837,250.00. Following the transaction, the insider owned 4,243 shares of the company’s stock, valued at $160,512.69. This represents a 94.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.40% of the stock is owned by company insiders.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.