one8zero8 LLC bought a new position in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 68,001 shares of the bank's stock, valued at approximately $2,689,000. one8zero8 LLC owned 0.15% of Live Oak Bancshares as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Live Oak Bancshares by 1.8% during the third 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of Live Oak Bancshares by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock valued at $3,888,000 after purchasing an additional 54,286 shares in the last quarter. Barclays PLC grew its position in shares of Live Oak Bancshares by 130.5% during the third quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after purchasing an additional 41,662 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Live Oak Bancshares during the third quarter valued at about $364,000. Finally, Principal Financial Group Inc. grew its position in shares of Live Oak Bancshares by 9.8% during the fourth quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank's stock valued at $1,034,000 after purchasing an additional 2,340 shares in the last quarter. Institutional investors own 63.95% of the company's stock.
Live Oak Bancshares Trading Down 0.6 %
Shares of NASDAQ:LOB traded down $0.17 during trading on Thursday, reaching $27.37. The company's stock had a trading volume of 411,690 shares, compared to its average volume of 189,316. Live Oak Bancshares, Inc. has a 12 month low of $26.50 and a 12 month high of $50.57. The firm's 50 day simple moving average is $33.87 and its two-hundred day simple moving average is $40.88. The stock has a market capitalization of $1.24 billion, a PE ratio of 18.88 and a beta of 1.69.
Live Oak Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares's payout ratio is 8.28%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $44.00 price objective (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th.
Get Our Latest Stock Report on LOB
About Live Oak Bancshares
(
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.
Further Reading
Before you consider Live Oak Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Live Oak Bancshares wasn't on the list.
While Live Oak Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
