UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.11 Million Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,830 shares of the bank's stock after selling 18,238 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Live Oak Bancshares worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Quest Partners LLC increased its stake in shares of Live Oak Bancshares by 68.4% in the 2nd quarter. Quest Partners LLC now owns 2,026 shares of the bank's stock valued at $71,000 after acquiring an additional 823 shares during the last quarter. nVerses Capital LLC raised its holdings in Live Oak Bancshares by 87.5% in the third quarter. nVerses Capital LLC now owns 1,500 shares of the bank's stock worth $71,000 after purchasing an additional 700 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Live Oak Bancshares by 1,885.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank's stock worth $81,000 after purchasing an additional 2,206 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Live Oak Bancshares by 161.4% in the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank's stock valued at $150,000 after buying an additional 1,954 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in Live Oak Bancshares during the 2nd quarter worth $166,000. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Live Oak Bancshares from $57.00 to $46.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Piper Sandler dropped their price objective on Live Oak Bancshares from $50.00 to $44.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Live Oak Bancshares currently has a consensus rating of "Hold" and a consensus price target of $45.50.

Insider Activity at Live Oak Bancshares

In other Live Oak Bancshares news, CAO John W. Sutherland sold 12,588 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $49.00, for a total transaction of $616,812.00. Following the transaction, the chief accounting officer now directly owns 14,015 shares in the company, valued at approximately $686,735. This represents a 47.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Henderson Cameron acquired 1,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was bought at an average price of $39.76 per share, with a total value of $39,760.00. Following the purchase, the director now directly owns 202,217 shares in the company, valued at $8,040,147.92. This represents a 0.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.90% of the stock is currently owned by company insiders.

Live Oak Bancshares Stock Performance

Shares of LOB traded down $0.31 during mid-day trading on Friday, reaching $44.18. The company had a trading volume of 133,096 shares, compared to its average volume of 183,033. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 28.43 and a beta of 1.66. The company's 50 day simple moving average is $46.07 and its 200 day simple moving average is $41.86. Live Oak Bancshares, Inc. has a 1-year low of $31.03 and a 1-year high of $50.57.

Live Oak Bancshares (NASDAQ:LOB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.25). The firm had revenue of $241.87 million during the quarter, compared to the consensus estimate of $126.63 million. Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, equities analysts forecast that Live Oak Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.03 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Live Oak Bancshares's dividend payout ratio (DPR) is 7.55%.

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.