Live Oak Bancshares (NASDAQ:LOB) Hits New 12-Month Low - What's Next?

Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.92 and last traded at $25.51, with a volume of 136609 shares. The stock had previously closed at $27.28.

Analyst Upgrades and Downgrades

LOB has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued 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. StockNews.com cut Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares has an average rating of "Hold" and an average price target of $44.75.

Live Oak Bancshares Trading Down 2.0 %

The stock has a fifty day moving average price of $30.24 and a 200 day moving average price of $38.95. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 15.93 and a beta of 1.75.

Live Oak Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares's payout ratio is 8.28%.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Live Oak Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock worth $104,066,000 after buying an additional 10,213 shares during the period. Capital International Investors increased its position in Live Oak Bancshares by 75.8% during the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock worth $80,749,000 after acquiring an additional 880,530 shares during the period. State Street Corp raised its stake in Live Oak Bancshares by 13.4% during the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank's stock valued at $52,553,000 after purchasing an additional 131,343 shares during the last quarter. Southernsun Asset Management LLC boosted its holdings in Live Oak Bancshares by 10.3% in the 4th quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank's stock valued at $31,510,000 after purchasing an additional 74,193 shares during the period. Finally, Geode Capital Management LLC grew its position in Live Oak Bancshares by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock worth $36,658,000 after purchasing an additional 13,824 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

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.