Barrow Hanley Mewhinney & Strauss LLC Trims Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,540,228 shares of the bank's stock after selling 11,753 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 3.41% of Live Oak Bancshares worth $60,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Live Oak Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after buying an additional 10,213 shares during the last quarter. State Street Corp boosted its position in shares of Live Oak Bancshares by 13.4% during the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank's stock valued at $52,553,000 after acquiring an additional 131,343 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Live Oak Bancshares by 1.8% in the third 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 in the last quarter. abrdn plc increased its position in Live Oak Bancshares by 10.0% in the fourth quarter. abrdn plc now owns 336,721 shares of the bank's stock worth $13,324,000 after purchasing an additional 30,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Live Oak Bancshares by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,002 shares of the bank's stock valued at $11,232,000 after purchasing an additional 5,181 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company's stock.

Wall Street Analysts Forecast Growth

LOB has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Live Oak Bancshares has a consensus rating of "Hold" and a consensus target price of $44.75.

Live Oak Bancshares Trading Down 7.1 %

Shares of NASDAQ:LOB traded down $1.95 during trading on Thursday, reaching $25.33. The stock had a trading volume of 108,137 shares, compared to its average volume of 210,487. The firm's 50-day simple moving average is $31.43 and its 200 day simple moving average is $39.82. Live Oak Bancshares, Inc. has a one year low of $24.91 and a one year high of $50.57. The company has a market capitalization of $1.15 billion, a P/E ratio of 17.47 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

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

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.