Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report) shares saw an uptick in trading volume on Monday . 497,437 shares were traded during trading, an increase of 158% from the previous session's volume of 192,453 shares.The stock last traded at $27.85 and had previously closed at $27.34.
Analyst Ratings Changes
Several research firms recently weighed in on LOB. StockNews.com cut shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday. 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 report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $44.75.
Check Out Our Latest Report on Live Oak Bancshares
Live Oak Bancshares Stock Performance
The firm has a market cap of $1.20 billion, a P/E ratio of 18.31 and a beta of 1.69. The company's 50 day moving average is $32.54 and its 200 day moving average is $40.28.
Live Oak Bancshares Dividend Announcement
The company also recently declared 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 0.45%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's payout ratio is 8.28%.
Institutional Investors Weigh In On Live Oak Bancshares
Hedge funds and other institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in shares of Live Oak Bancshares during the fourth quarter valued at about $27,000. Quarry LP boosted its position in Live Oak Bancshares by 98.6% during the 3rd quarter. Quarry LP now owns 713 shares of the bank's stock worth $34,000 after buying an additional 354 shares during the period. Venturi Wealth Management LLC acquired a new stake in Live Oak Bancshares during the 4th quarter worth approximately $71,000. Principal Securities Inc. grew its holdings in Live Oak Bancshares by 99.7% during the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock worth $119,000 after acquiring an additional 1,498 shares during the last quarter. Finally, FMR LLC increased its position in Live Oak Bancshares by 15.0% in 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 period. Institutional investors own 63.95% of the company's stock.
Live Oak Bancshares Company Profile
(
Get Free Report)
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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