Duality Advisers LP Invests $249,000 in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Duality Advisers LP bought a new position in Live Oak Bancshares, Inc. (NASDAQ:LOB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,478 shares of the bank’s stock, valued at approximately $249,000.

Several other large investors have also made changes to their positions in LOB. SG Americas Securities LLC bought a new stake in Live Oak Bancshares during the 3rd quarter worth about $420,000. Ballentine Partners LLC bought a new stake in Live Oak Bancshares during the 3rd quarter worth about $210,000. Bank of New York Mellon Corp grew its holdings in Live Oak Bancshares by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 197,185 shares of the bank’s stock worth $5,708,000 after acquiring an additional 2,721 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Live Oak Bancshares by 48.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,122 shares of the bank’s stock worth $177,000 after acquiring an additional 2,002 shares during the last quarter. Finally, Chatham Capital Group Inc. bought a new stake in Live Oak Bancshares during the 3rd quarter worth about $1,162,000. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Trading Down 3.2 %

Live Oak Bancshares stock opened at $33.18 on Friday. Live Oak Bancshares, Inc. has a 1 year low of $19.53 and a 1 year high of $47.22. The company has a market cap of $1.49 billion, a PE ratio of 17.23 and a beta of 1.60. The company’s 50-day moving average is $39.24 and its two-hundred day moving average is $37.36.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). The firm had revenue of $119.68 million during the quarter, compared to analyst estimates of $119.36 million. Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.45%. Research analysts forecast that Live Oak Bancshares, Inc. will post 2.22 EPS for the current year.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.36%. Live Oak Bancshares’s dividend payout ratio is 6.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LOB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $40.00 price objective (down previously from $45.00) on shares of Live Oak Bancshares in a report on Friday. Truist Financial decreased their price objective on shares of Live Oak Bancshares from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Friday. Finally, TheStreet downgraded shares of Live Oak Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given 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 an average rating of “Hold” and an average price target of $38.00.

Insider Activity at Live Oak Bancshares

In related news, insider Micah S. Davis sold 8,613 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $39.87, for a total value of $343,400.31. Following the sale, the insider now directly owns 43,864 shares in the company, valued at approximately $1,748,857.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Micah S. Davis sold 8,613 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $39.87, for a total value of $343,400.31. Following the sale, the insider now directly owns 43,864 shares in the company, valued at approximately $1,748,857.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Miltom Emmett Petty sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $39.73, for a total transaction of $397,300.00. Following the sale, the director now owns 121,941 shares in the company, valued at $4,844,715.93. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by corporate insiders.

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.