Live Oak Bancshares, Inc. (NASDAQ:LOB) Stock Position Increased by Barclays PLC

Barclays PLC grew its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 130.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 73,577 shares of the bank's stock after buying an additional 41,662 shares during the period. Barclays PLC owned 0.16% of Live Oak Bancshares worth $3,485,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LOB. Quarry LP grew its position in Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank's stock worth $34,000 after buying an additional 354 shares during the period. Quest Partners LLC increased its stake in Live Oak Bancshares by 68.4% in the second quarter. Quest Partners LLC now owns 2,026 shares of the bank's stock valued at $71,000 after purchasing an additional 823 shares during the last quarter. nVerses Capital LLC lifted its position in Live Oak Bancshares by 87.5% during the third quarter. nVerses Capital LLC now owns 1,500 shares of the bank's stock worth $71,000 after buying an additional 700 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Live Oak Bancshares by 1,885.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank's stock worth $81,000 after buying an additional 2,206 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Live Oak Bancshares by 161.4% during the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank's stock valued at $150,000 after acquiring an additional 1,954 shares during the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Live Oak Bancshares news, CAO John W. Sutherland sold 12,588 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $49.00, for a total value of $616,812.00. Following the completion of the transaction, the chief accounting officer now owns 14,015 shares in the company, valued at approximately $686,735. This represents a 47.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Henderson Cameron acquired 1,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of $39.76 per share, with a total value of $39,760.00. Following the completion of the transaction, the director now owns 202,217 shares of the company's stock, valued at approximately $8,040,147.92. This trade represents a 0.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 23.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Piper Sandler decreased their price target on shares of Live Oak Bancshares from $50.00 to $44.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Truist Financial decreased their target price on Live Oak Bancshares from $57.00 to $46.00 and set a "buy" rating for the company in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.50.

Live Oak Bancshares Trading Up 0.9 %

NASDAQ LOB traded up $0.37 during trading hours on Tuesday, reaching $39.60. 66,686 shares of the company traded hands, compared to its average volume of 183,707. The stock has a market capitalization of $1.79 billion, a PE ratio of 24.91 and a beta of 1.66. Live Oak Bancshares, Inc. has a 12 month low of $31.03 and a 12 month high of $50.57. The company has a 50 day moving average of $45.12 and a two-hundred day moving average of $42.42.

Live Oak Bancshares (NASDAQ:LOB - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $241.87 million during the quarter, compared to analyst estimates of $126.63 million. Live Oak Bancshares had a return on equity of 7.65% and a net margin of 7.99%. During the same quarter in the previous year, the business posted $0.88 EPS. On average, equities research analysts anticipate that Live Oak Bancshares, Inc. will post 1.97 earnings per share for the current year.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.03 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. Live Oak Bancshares's payout ratio is currently 7.55%.

Live Oak Bancshares 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.