Y Intercept Hong Kong Ltd purchased a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,971 shares of the bank's stock, valued at approximately $434,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Creative Planning grew its holdings in shares of Live Oak Bancshares by 36.5% during the third quarter. Creative Planning now owns 10,194 shares of the bank's stock valued at $483,000 after buying an additional 2,725 shares during the last quarter. Raymond James & Associates lifted its position in Live Oak Bancshares by 4.7% in the 3rd quarter. Raymond James & Associates now owns 95,483 shares of the bank's stock valued at $4,523,000 after acquiring an additional 4,271 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Live Oak Bancshares by 161.4% during the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank's stock valued at $150,000 after purchasing an additional 1,954 shares during the last quarter. US Bancorp DE increased its holdings in Live Oak Bancshares by 136.0% during the 3rd quarter. US Bancorp DE now owns 8,134 shares of the bank's stock worth $385,000 after purchasing an additional 4,687 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Live Oak Bancshares by 15.3% in the third quarter. Harbor Capital Advisors Inc. now owns 10,876 shares of the bank's stock worth $515,000 after purchasing an additional 1,443 shares during the last quarter. Institutional investors own 63.95% of the company's stock.
Live Oak Bancshares Stock Up 0.0 %
Live Oak Bancshares stock traded up $0.01 during midday trading on Thursday, hitting $30.06. 72,129 shares of the stock were exchanged, compared to its average volume of 197,685. Live Oak Bancshares, Inc. has a 52-week low of $29.51 and a 52-week high of $50.57. The business's 50-day moving average price is $36.06 and its 200-day moving average price is $41.83. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 20.71 and a beta of 1.67.
Live Oak Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. Live Oak Bancshares's payout ratio is presently 8.28%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.
Get Our Latest Research Report on Live Oak Bancshares
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.
Featured Stories
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
