Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 86.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,383 shares of the bank's stock after selling 14,763 shares during the quarter. AlphaQuest LLC's holdings in Live Oak Bancshares were worth $94,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position 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 buying an additional 131,343 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Live Oak Bancshares by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock worth $36,658,000 after buying an additional 13,824 shares during the last quarter. abrdn plc lifted its position in shares of Live Oak Bancshares by 10.0% in the 4th quarter. abrdn plc now owns 336,721 shares of the bank's stock worth $13,324,000 after buying an additional 30,597 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Live Oak Bancshares by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,002 shares of the bank's stock worth $11,232,000 after buying an additional 5,181 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Live Oak Bancshares by 3.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 221,263 shares of the bank's stock worth $10,481,000 after buying an additional 7,662 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several analysts recently weighed in on LOB shares. StockNews.com upgraded shares of Live Oak Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Live Oak Bancshares currently has a consensus rating of "Hold" and an average target price of $44.75.

Live Oak Bancshares Trading Down 0.0 %

NASDAQ:LOB traded down $0.00 during mid-day trading on Friday, hitting $27.40. The stock had a trading volume of 490,127 shares, compared to its average volume of 190,824. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.89 and a beta of 1.69. The company has a 50 day simple moving average of $33.47 and a 200-day simple moving average of $40.68. Live Oak Bancshares, Inc. has a 52 week low of $26.50 and a 52 week high of $50.57.

Live Oak Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.44%. Live Oak Bancshares's 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.