SG Americas Securities LLC Decreases Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

SG Americas Securities LLC trimmed its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 70.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,157 shares of the bank's stock after selling 10,136 shares during the period. SG Americas Securities LLC's holdings in Live Oak Bancshares were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. abrdn plc purchased a new stake in shares of Live Oak Bancshares during the third quarter worth $14,501,000. State Street Corp grew its stake in shares of Live Oak Bancshares by 13.4% in the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank's stock valued at $52,553,000 after buying an additional 131,343 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Live Oak Bancshares by 82.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 185,309 shares of the bank's stock valued at $8,778,000 after purchasing an additional 83,639 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock worth $3,888,000 after purchasing an additional 54,286 shares during the last quarter. Finally, Barclays PLC raised its stake 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 acquiring an additional 41,662 shares during the period. Institutional investors and hedge funds own 63.95% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. Truist Financial reduced their target price on shares of Live Oak Bancshares from $57.00 to $46.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Finally, Piper Sandler dropped their price target on shares of Live Oak Bancshares from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday, October 25th.

Live Oak Bancshares Price Performance

Shares of LOB traded up $0.07 during midday trading on Thursday, reaching $34.87. The stock had a trading volume of 145,117 shares, compared to its average volume of 196,525. The company's fifty day simple moving average is $38.93 and its two-hundred day simple moving average is $42.67. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 24.05 and a beta of 1.67. Live Oak Bancshares, Inc. has a 1-year low of $31.03 and a 1-year high of $50.57.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, February 25th. Live Oak Bancshares's dividend payout ratio (DPR) 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.