Stifel Financial Corp Grows Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Stifel Financial Corp boosted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,791 shares of the bank’s stock after buying an additional 3,071 shares during the period. Stifel Financial Corp’s holdings in Live Oak Bancshares were worth $901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LOB. Raymond James Financial Inc. purchased a new position in shares of Live Oak Bancshares in the fourth quarter valued at $5,277,000. JPMorgan Chase & Co. lifted its position in Live Oak Bancshares by 195.3% during the third 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 last quarter. Barclays PLC grew 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 worth $3,485,000 after buying an additional 41,662 shares in the last quarter. Victory Capital Management Inc. increased its holdings 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 worth $1,840,000 after buying an additional 14,293 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Live Oak Bancshares by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank’s stock valued at $1,034,000 after buying an additional 2,340 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LOB shares. StockNews.com lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. Keefe, Bruyette & Woods dropped their target price on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Live Oak Bancshares has a consensus rating of “Hold” and an average price target of $42.25.

Insider Transactions at Live Oak Bancshares

In related news, Director William Henderson Cameron bought 5,000 shares of Live Oak Bancshares stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $25.92 per share, with a total value of $129,600.00. Following the completion of the transaction, the director now owns 11,904 shares in the company, valued at $308,551.68. The trade was a 72.42 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.40% of the company’s stock.

Live Oak Bancshares Price Performance

Shares of NASDAQ:LOB opened at $27.13 on Friday. The business has a 50 day simple moving average of $26.30 and a two-hundred day simple moving average of $35.45. Live Oak Bancshares, Inc. has a 1 year low of $22.68 and a 1 year high of $50.57. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.71 and a beta of 1.84.

Live Oak Bancshares Announces Dividend

The firm 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 payout ratio is 9.23%.

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.