Victory Capital Management Inc. Acquires 14,293 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Victory Capital Management Inc. grew its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,527 shares of the bank's stock after buying an additional 14,293 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Live Oak Bancshares worth $1,840,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Live Oak Bancshares by 13.4% in the third quarter. State Street Corp now owns 1,109,413 shares of the bank's stock worth $52,553,000 after acquiring an additional 131,343 shares during the period. Geode Capital Management LLC lifted its position in shares of Live Oak Bancshares by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock worth $36,658,000 after purchasing an additional 13,824 shares during the period. abrdn plc boosted its stake in shares of Live Oak Bancshares by 10.0% during the 4th quarter. abrdn plc now owns 336,721 shares of the bank's stock valued at $13,324,000 after purchasing an additional 30,597 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Live Oak Bancshares by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,002 shares of the bank's stock valued at $11,232,000 after buying an additional 5,181 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in Live Oak Bancshares by 3.6% in the third quarter. Loomis Sayles & Co. L P now owns 221,263 shares of the bank's stock worth $10,481,000 after buying an additional 7,662 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised Live Oak Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.75.

Live Oak Bancshares Stock Down 0.0 %

Shares of NASDAQ:LOB traded down $0.00 on Friday, hitting $27.40. 286,583 shares of the company traded hands, compared to its average volume of 190,674. The company has a market cap of $1.24 billion, a PE ratio of 18.89 and a beta of 1.69. The stock has a 50 day simple moving average of $33.65 and a 200-day simple moving average of $40.79. Live Oak Bancshares, Inc. has a 52 week low of $26.50 and a 52 week high of $50.57.

Live Oak Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.44%. Live Oak Bancshares's dividend payout ratio (DPR) is presently 8.28%.

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.