Inceptionr LLC Invests $359,000 in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Inceptionr LLC acquired a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,068 shares of the bank's stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. 49 Wealth Management LLC boosted its holdings in Live Oak Bancshares by 2.1% in the 3rd quarter. 49 Wealth Management LLC now owns 10,212 shares of the bank's stock worth $484,000 after buying an additional 212 shares during the last quarter. Quarry LP lifted its position in shares of Live Oak Bancshares by 98.6% in the third quarter. Quarry LP now owns 713 shares of the bank's stock valued at $34,000 after acquiring an additional 354 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Live Oak Bancshares by 3.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank's stock worth $411,000 after acquiring an additional 356 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Live Oak Bancshares by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock worth $237,000 after purchasing an additional 400 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank's stock valued at $633,000 after purchasing an additional 551 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

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Live Oak Bancshares Price Performance

Shares of NASDAQ:LOB traded up $0.52 during midday trading on Wednesday, hitting $28.14. The company had a trading volume of 225,838 shares, compared to its average volume of 183,341. Live Oak Bancshares, Inc. has a twelve month low of $27.57 and a twelve month high of $50.57. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 19.41 and a beta of 1.69. The business's 50-day simple moving average is $35.18 and its 200-day simple moving average is $41.48.

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 issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's payout ratio is currently 8.28%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th.

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.