Live Oak Bancshares (NASDAQ:LOB) Reaches New 12-Month Low – What’s Next?

Live Oak Bancshares, Inc. (NASDAQ:LOB)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $26.50 and last traded at $27.63, with a volume of 1119944 shares traded. The stock had previously closed at $28.29.

Analyst Ratings Changes

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

Live Oak Bancshares Stock Down 2.3 %

The business’s 50 day moving average price is $33.87 and its 200-day moving average price is $40.88. The company has a market cap of $1.25 billion, a PE ratio of 19.05 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

The company also recently declared 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 0.43%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is 8.28%.

Institutional Trading of Live Oak Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its position in shares of Live Oak Bancshares by 5.0% during the fourth quarter. California State Teachers Retirement System now owns 33,580 shares of the bank’s stock worth $1,328,000 after buying an additional 1,601 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Live Oak Bancshares by 1.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,152 shares of the bank’s stock valued at $3,486,000 after acquiring an additional 1,322 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Live Oak Bancshares by 34.9% during the 4th quarter. Rafferty Asset Management LLC now owns 45,340 shares of the bank’s stock worth $1,793,000 after acquiring an additional 11,740 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Live Oak Bancshares in the 4th quarter worth about $2,931,000. Finally, Point72 Europe London LLP bought a new stake in shares of Live Oak Bancshares in the 4th quarter worth about $2,140,000. 63.95% of the stock is owned by hedge funds and other institutional investors.

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.