Quantbot Technologies LP Buys New Shares in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Quantbot Technologies LP 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 filing with the Securities and Exchange Commission (SEC). The firm bought 16,540 shares of the bank's stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Picton Mahoney Asset Management purchased a new stake in Live Oak Bancshares during the 4th quarter worth about $27,000. Quarry LP increased its position in shares of Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank's stock valued at $34,000 after buying an additional 354 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Live Oak Bancshares in the fourth quarter worth about $71,000. Principal Securities Inc. lifted its holdings in shares of Live Oak Bancshares by 99.7% in the fourth quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock worth $119,000 after buying an additional 1,498 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Live Oak Bancshares by 15.0% in the third 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LOB. StockNews.com lowered shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday. Keefe, Bruyette & Woods restated a "market perform" rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.75.

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Live Oak Bancshares Trading Up 0.4 %

Shares of Live Oak Bancshares stock traded up $0.10 on Monday, hitting $26.67. 348,038 shares of the company traded hands, compared to its average volume of 209,358. Live Oak Bancshares, Inc. has a 12-month low of $26.06 and a 12-month high of $50.57. The company has a market cap of $1.21 billion, a P/E ratio of 18.39 and a beta of 1.69. The firm's 50-day simple moving average is $31.98 and its 200 day simple moving average is $40.04.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. 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.