Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,818 shares of the bank's stock after buying an additional 13,555 shares during the quarter. Loomis Sayles & Co. L P owned 0.52% of Live Oak Bancshares worth $9,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP grew its holdings in shares of 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 in the last quarter. Central Pacific Bank Trust Division lifted its position in Live Oak Bancshares by 3.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank's stock worth $411,000 after buying an additional 356 shares during the period. Handelsbanken Fonder AB boosted its stake in Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock worth $237,000 after buying an additional 400 shares during the last quarter. First Hawaiian Bank boosted 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 worth $633,000 after buying an additional 551 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Live Oak Bancshares by 15.0% during the 3rd quarter. FMR LLC now owns 4,364 shares of the bank's stock valued at $207,000 after acquiring an additional 568 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Performance

Shares of NASDAQ:LOB traded down $2.26 during trading on Thursday, reaching $25.02. 74,452 shares of the stock were exchanged, compared to its average volume of 210,322. The firm's 50-day moving average price is $31.43 and its 200 day moving average price is $39.82. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 17.26 and a beta of 1.69. Live Oak Bancshares, Inc. has a 12-month low of $24.91 and a 12-month high of $50.57.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's payout ratio is currently 8.28%.

Analyst Upgrades and Downgrades

LOB has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $44.00 target price (down 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.