Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 159,090 shares of the bank's stock after selling 12,263 shares during the period. American Century Companies Inc. owned approximately 0.35% of Live Oak Bancshares worth $6,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Live Oak Bancshares by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock valued at $36,658,000 after purchasing an additional 13,824 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock valued at $3,888,000 after buying an additional 54,286 shares in the last quarter. Barclays PLC boosted its holdings in shares of Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after purchasing an additional 41,662 shares during the last quarter. HighTower Advisors LLC bought a new position in Live Oak Bancshares during the third quarter valued at approximately $364,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Live Oak Bancshares by 44.3% in the fourth quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock valued at $1,840,000 after purchasing an additional 14,293 shares in the last quarter. 63.95% of the stock is owned by institutional investors.

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Live Oak Bancshares Trading Up 10.7 %

Shares of LOB stock traded up $2.47 during trading hours on Wednesday, reaching $25.64. 543,983 shares of the company's stock were exchanged, compared to its average volume of 219,426. The stock has a market cap of $1.17 billion, a PE ratio of 17.69 and a beta of 1.75. The stock's fifty day moving average price is $29.85 and its two-hundred day moving average price is $38.70. Live Oak Bancshares, Inc. has a 1 year low of $22.56 and a 1 year high of $50.57.

Live Oak Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. Live Oak Bancshares's dividend payout ratio is currently 8.28%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LOB. StockNews.com cut Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $44.75.

Live Oak Bancshares Company Profile

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.