Live Oak Bancshares, Inc. (NASDAQ:LOB) Given Consensus Rating of “Moderate Buy” by Analysts

Live Oak Bancshares, Inc. (NASDAQ:LOB) has earned an average rating of “Moderate Buy” from the three brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.00.

Several analysts have issued reports on the company. TheStreet lowered Live Oak Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Truist Financial dropped their price objective on Live Oak Bancshares from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Live Oak Bancshares in a research note on Friday, April 26th.

Live Oak Bancshares Stock Down 2.3 %

NASDAQ:LOB opened at $34.45 on Friday. The stock’s 50 day moving average price is $38.32 and its two-hundred day moving average price is $37.79. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 17.31 and a beta of 1.63. Live Oak Bancshares has a 12-month low of $19.53 and a 12-month high of $47.22.

Live Oak Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, February 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.35%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 6.03%.

Insider Transactions at Live Oak Bancshares

In other news, Director Miltom Emmett Petty sold 10,000 shares of the 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 transaction, the director now owns 121,941 shares in the company, valued at $4,844,715.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Live Oak Bancshares news, Director Miltom Emmett Petty sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 121,941 shares in the company, valued at approximately $4,844,715.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Micah S. Davis sold 8,613 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $39.87, for a total value of $343,400.31. Following the transaction, the insider now owns 43,864 shares in the company, valued at approximately $1,748,857.68. The disclosure for this sale can be found here. 23.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Live Oak Bancshares

A number of large investors have recently modified their holdings of LOB. Trust Co of the South acquired a new stake in shares of Live Oak Bancshares in the 4th quarter valued at $15,042,000. Norges Bank acquired a new stake in shares of Live Oak Bancshares in the 4th quarter valued at $7,474,000. Mendon Capital Advisors Corp acquired a new stake in shares of Live Oak Bancshares in the 4th quarter valued at $4,550,000. Homestead Advisers Corp boosted its holdings in shares of Live Oak Bancshares by 103.6% in the 4th quarter. Homestead Advisers Corp now owns 123,000 shares of the bank’s stock valued at $5,596,000 after purchasing an additional 62,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Live Oak Bancshares by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,327,754 shares of the bank’s stock valued at $60,415,000 after purchasing an additional 61,029 shares in the last quarter. Institutional investors and hedge funds 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.