First Hawaiian Bank Grows Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

First Hawaiian Bank grew its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,002 shares of the bank’s stock after acquiring an additional 551 shares during the period. First Hawaiian Bank’s holdings in Live Oak Bancshares were worth $633,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP boosted its holdings 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 acquiring an additional 354 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Live Oak Bancshares by 87.5% in the 3rd quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock valued at $71,000 after acquiring an additional 700 shares during the last quarter. Quest Partners LLC boosted its holdings 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. New York State Teachers Retirement System boosted 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 acquiring an additional 1,954 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Live Oak Bancshares in the 3rd quarter valued at $205,000. 63.95% of the stock is owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Down 4.3 %

Shares of NASDAQ LOB opened at $36.67 on Friday. The company’s 50-day simple moving average is $43.88 and its 200-day simple moving average is $42.82. Live Oak Bancshares, Inc. has a 52-week low of $31.03 and a 52-week high of $50.57. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 23.06 and a beta of 1.69.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. The company had revenue of $241.87 million during the quarter, compared to analyst estimates of $126.63 million. During the same quarter last year, the business earned $0.88 EPS. Equities research analysts anticipate that Live Oak Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.33%. Live Oak Bancshares’s dividend payout ratio (DPR) is 7.55%.

Insider Activity

In other Live Oak Bancshares news, CAO John W. Sutherland sold 12,588 shares of Live Oak Bancshares stock in a transaction dated Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $686,735. The trade was a 47.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Henderson Cameron bought 1,000 shares of Live Oak Bancshares stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of $39.76 per share, for a total transaction of $39,760.00. Following the completion of the purchase, the director now directly owns 202,217 shares of the company’s stock, valued at $8,040,147.92. This trade represents a 0.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 23.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Piper Sandler lowered their price target on shares of Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

About Live Oak Bancshares

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.