Live Oak Bancshares (NASDAQ:LOB) Upgraded at StockNews.com

StockNews.com upgraded shares of Live Oak Bancshares (NASDAQ:LOB) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Separately, 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.75.

Live Oak Bancshares Trading Down 0.0 %

NASDAQ:LOB opened at $27.40 on Thursday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.89 and a beta of 1.69. Live Oak Bancshares has a 1-year low of $26.50 and a 1-year high of $50.57. The business’s fifty day moving average price is $33.47 and its 200 day moving average price is $40.66.

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 paid a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Live Oak Bancshares by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock worth $36,658,000 after acquiring an additional 13,824 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after acquiring an additional 54,286 shares in the last quarter. Barclays PLC boosted its stake in shares of Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank’s stock worth $3,485,000 after acquiring an additional 41,662 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Live Oak Bancshares during the 3rd quarter worth about $364,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Live Oak Bancshares by 44.3% during the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock worth $1,840,000 after acquiring an additional 14,293 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

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.