Live Oak Bancshares, Inc. $LOB Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Live Oak Bancshares, Inc. (NYSE:LOB) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,593,185 shares of the company’s stock after buying an additional 54,750 shares during the period. Dimensional Fund Advisors LP’s holdings in Live Oak Bancshares were worth $52,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LOB. NewEdge Wealth LLC purchased a new stake in Live Oak Bancshares in the 4th quarter worth about $43,261,000. William Blair Investment Management LLC purchased a new position in Live Oak Bancshares during the 4th quarter valued at about $22,278,000. Millennium Management LLC grew its stake in Live Oak Bancshares by 655.6% during the 1st quarter. Millennium Management LLC now owns 687,885 shares of the company’s stock valued at $18,339,000 after acquiring an additional 596,841 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at about $19,181,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Live Oak Bancshares by 366.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 519,957 shares of the company’s stock valued at $18,313,000 after purchasing an additional 408,591 shares during the period. 63.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Live Oak Bancshares

In related news, Director William L. Williams III sold 8,400 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $41.61, for a total value of $349,524.00. Following the completion of the sale, the director directly owned 1,122,526 shares in the company, valued at approximately $46,708,306.86. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David G. Lucht sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $42.13, for a total value of $126,390.00. Following the transaction, the director owned 15,623 shares in the company, valued at approximately $658,196.99. This trade represents a 16.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,900 shares of company stock worth $1,069,022 in the last 90 days. 22.40% of the stock is owned by insiders.

Live Oak Bancshares Price Performance

Shares of LOB stock opened at $42.80 on Friday. Live Oak Bancshares, Inc. has a fifty-two week low of $29.36 and a fifty-two week high of $43.85. The stock’s 50-day moving average is $40.07 and its two-hundred day moving average is $37.93. The firm has a market cap of $1.98 billion, a P/E ratio of 15.07 and a beta of 1.88.

Live Oak Bancshares (NYSE:LOB) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $156.15 million during the quarter. Live Oak Bancshares had a return on equity of 11.95% and a net margin of 12.68%. As a group, research analysts expect that Live Oak Bancshares, Inc. will post 3.07 EPS for the current year.

Live Oak Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. Live Oak Bancshares’s payout ratio is currently 4.23%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LOB. TD Cowen increased their price target on shares of Live Oak Bancshares from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Zacks Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Live Oak Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Piper Sandler lifted their target price on shares of Live Oak Bancshares from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.20.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.