Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,743 shares of the bank's stock after purchasing an additional 44,666 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Live Oak Bancshares worth $5,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LOB. Geode Capital Management LLC raised its position in Live Oak Bancshares by 1.8% during 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. Barclays PLC lifted its holdings in shares of Live Oak Bancshares by 130.5% in the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after buying an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new stake in Live Oak Bancshares in the 3rd quarter worth approximately $364,000. Victory Capital Management Inc. lifted its stake in shares of Live Oak Bancshares by 44.3% in the 4th 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 during the period. Finally, Raymond James Financial Inc. purchased a new stake in Live Oak Bancshares during the fourth quarter worth $5,277,000. Hedge funds and other institutional investors own 63.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LOB shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. StockNews.com downgraded Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $44.75.

Live Oak Bancshares Price Performance

Shares of LOB stock traded up $1.04 during trading on Thursday, hitting $25.82. 163,603 shares of the stock traded hands, compared to its average volume of 229,580. The firm has a market capitalization of $1.18 billion, a P/E ratio of 17.68 and a beta of 1.75. Live Oak Bancshares, Inc. has a 52-week low of $22.68 and a 52-week high of $50.57. The firm's fifty day moving average price is $27.64 and its 200-day moving average price is $37.19.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's dividend payout ratio is presently 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.