Live Oak Bancshares (NASDAQ:LOB) Upgraded by StockNews.com to Hold Rating

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

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.75.

Live Oak Bancshares Stock Down 0.0 %

Live Oak Bancshares stock opened at $27.40 on Thursday. The business has a 50 day moving average price of $33.47 and a two-hundred day moving average price of $40.66. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 18.89 and a beta of 1.69. Live Oak Bancshares has a 12 month low of $26.50 and a 12 month high of $50.57.

Live Oak Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s payout ratio is presently 8.28%.

Institutional Trading of Live Oak Bancshares

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