Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.28 and last traded at $30.67, with a volume of 14543 shares changing hands. The stock had previously closed at $31.21.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.
Get Our Latest Report on Live Oak Bancshares
Live Oak Bancshares Stock Performance
The company has a 50 day moving average of $35.85 and a two-hundred day moving average of $41.75. The stock has a market capitalization of $1.31 billion, a PE ratio of 19.99 and a beta of 1.67.
Live Oak Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.41%. Live Oak Bancshares's dividend payout ratio (DPR) is 8.28%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Live Oak Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after purchasing an additional 10,213 shares during the last quarter. Capital International Investors grew its stake in Live Oak Bancshares by 75.8% during the 4th quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after purchasing an additional 880,530 shares during the last quarter. State Street Corp grew 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 grew its stake in Live Oak Bancshares by 10.3% during 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 last quarter. Finally, Geode Capital Management LLC grew its stake 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 valued at $36,658,000 after purchasing an additional 13,824 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.
About Live Oak Bancshares
(
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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.
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