one8zero8 LLC Invests $857,000 in Live Oak Bancshares, Inc. $LOB

one8zero8 LLC bought a new position in Live Oak Bancshares, Inc. (NYSE:LOB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,985 shares of the company’s stock, valued at approximately $857,000.

Several other large investors have also recently bought and sold shares of LOB. BlackRock Inc. acquired a new position in Live Oak Bancshares in the 2nd quarter valued at approximately $143,588,000. Deutsche Bank AG acquired a new position in shares of Live Oak Bancshares during the second quarter worth $3,899,000. Rice Hall James & Associates LLC acquired a new position in shares of Live Oak Bancshares during the second quarter worth $5,724,000. Simplicity Wealth LLC bought a new stake in shares of Live Oak Bancshares in the second quarter worth $543,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Live Oak Bancshares in the second quarter worth $7,322,000. 63.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LOB shares. Keefe, Bruyette & Woods raised their price objective on Live Oak Bancshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Zacks Research upgraded Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Live Oak Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald raised their price target on shares of Live Oak Bancshares from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen boosted their price target on shares of Live Oak Bancshares from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Live Oak Bancshares currently has an average rating of “Moderate Buy” and an average target price of $46.40.

Live Oak Bancshares Price Performance

LOB opened at $40.93 on Thursday. Live Oak Bancshares, Inc. has a fifty-two week low of $29.36 and a fifty-two week high of $44.53. The firm has a market capitalization of $1.89 billion, a PE ratio of 14.41 and a beta of 1.87. The company’s 50-day moving average is $41.43 and its 200 day moving average is $38.37.

Live Oak Bancshares (NYSE:LOB) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $156.15 million for the quarter. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. As a group, analysts expect that Live Oak Bancshares, Inc. will post 3.07 EPS for the current year.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.03 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Live Oak Bancshares’s payout ratio is presently 4.23%.

Insider Buying and Selling at Live Oak Bancshares

In related news, Director William L. Williams III sold 8,400 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $43.08, for a total transaction of $361,872.00. Following the sale, the director owned 1,114,126 shares of the company’s stock, valued at approximately $47,996,548.08. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Michael Moroz sold 6,100 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $42.08, for a total transaction of $256,688.00. Following the completion of the sale, the insider directly owned 12,110 shares in the company, valued at approximately $509,588.80. The trade was a 33.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,454 shares of company stock worth $1,526,341 over the last ninety days. 22.40% of the stock is currently 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.