Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,631,256 shares of the bank's stock after purchasing an additional 10,213 shares during the period. Vanguard Group Inc. owned about 5.82% of Live Oak Bancshares worth $104,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Quarry LP raised its stake in shares of Live Oak Bancshares by 98.6% in the 3rd quarter. Quarry LP now owns 713 shares of the bank's stock valued at $34,000 after purchasing an additional 354 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Live Oak Bancshares by 3.5% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank's stock valued at $411,000 after buying an additional 356 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock worth $237,000 after buying an additional 400 shares during the last quarter. First Hawaiian Bank grew its position in shares of Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank's stock worth $633,000 after acquiring an additional 551 shares in the last quarter. Finally, FMR LLC grew its position in shares of Live Oak Bancshares by 15.0% in the 3rd quarter. FMR LLC now owns 4,364 shares of the bank's stock worth $207,000 after acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.

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Live Oak Bancshares Trading Down 1.2 %

LOB traded down $0.28 during trading on Friday, reaching $23.47. 321,348 shares of the company were exchanged, compared to its average volume of 221,204. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $50.57. The firm has a 50 day moving average of $29.39 and a 200 day moving average of $38.38. The stock has a market cap of $1.07 billion, a P/E ratio of 16.19 and a beta of 1.75.

Live Oak Bancshares Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. Live Oak Bancshares's dividend payout ratio is currently 8.28%.

Analysts Set New Price Targets

Several research firms recently issued reports on LOB. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. StockNews.com cut shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.75.

Live Oak Bancshares 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.