Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 86.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,383 shares of the bank’s stock after selling 14,763 shares during the period. AlphaQuest LLC’s holdings in Live Oak Bancshares were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 49 Wealth Management LLC boosted its stake in Live Oak Bancshares by 2.1% in the 3rd quarter. 49 Wealth Management LLC now owns 10,212 shares of the bank’s stock worth $484,000 after buying an additional 212 shares during the last quarter. Quarry LP boosted its stake in Live Oak Bancshares by 98.6% in the 3rd quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after buying an additional 354 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in Live Oak Bancshares by 3.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank’s stock worth $411,000 after buying an additional 356 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after purchasing an additional 400 shares during the period. Finally, First Hawaiian Bank raised its holdings in shares of Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank’s stock worth $633,000 after purchasing an additional 551 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Performance

Shares of NASDAQ:LOB opened at $28.30 on Wednesday. The company has a market cap of $1.28 billion, a P/E ratio of 19.52 and a beta of 1.69. Live Oak Bancshares, Inc. has a one year low of $27.57 and a one year high of $50.57. The business’s 50-day simple moving average is $34.09 and its 200 day simple moving average is $40.97.

Live Oak Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.42%. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.

Live Oak Bancshares Profile

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.