Emerald Advisers Inc. PA increased its position in shares of Live Oak Bancshares Inc (NASDAQ:LOB) by 14.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 465,972 shares of the bank’s stock after buying an additional 57,750 shares during the period. Emerald Advisers Inc. PA’s holdings in Live Oak Bancshares were worth $11,113,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust increased its stake in Live Oak Bancshares by 159.9% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 602,548 shares of the bank’s stock valued at $14,130,000 after purchasing an additional 370,698 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Live Oak Bancshares in the third quarter valued at $8,443,000. Stieven Capital Advisors L.P. bought a new stake in Live Oak Bancshares in the third quarter valued at $5,709,000. Jacobs Asset Management LLC bought a new stake in Live Oak Bancshares in the third quarter valued at $3,588,000. Finally, Goldman Sachs Group Inc. increased its stake in Live Oak Bancshares by 107.0% in the second quarter. Goldman Sachs Group Inc. now owns 163,987 shares of the bank’s stock valued at $3,968,000 after purchasing an additional 84,748 shares in the last quarter. 41.00% of the stock is owned by institutional investors and hedge funds.

In other news, Director Glen F. Hoffsis purchased 1,400 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $23.50 per share, for a total transaction of $32,900.00. Following the completion of the acquisition, the director now owns 85,382 shares in the company, valued at $2,006,477. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO S. Brett Caines sold 7,532 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $26.55, for a total transaction of $199,974.60. Following the transaction, the chief financial officer now owns 434,640 shares in the company, valued at $11,539,692. The disclosure for this sale can be found here. Insiders have sold 22,554 shares of company stock valued at $599,963 over the last quarter. Corporate insiders own 30.10% of the company’s stock.

Several equities research analysts have weighed in on the stock. TheStreet raised shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods began coverage on shares of Live Oak Bancshares in a research note on Monday, October 16th. They issued a “market perform” rating and a $26.00 price target for the company. BidaskClub upgraded shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “buy” rating and set a $27.00 price objective on shares of Live Oak Bancshares in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.25.

Live Oak Bancshares Inc (NASDAQ:LOB) opened at $26.20 on Thursday. The stock has a market cap of $1,044.75, a PE ratio of 21.83 and a beta of 0.18. Live Oak Bancshares Inc has a twelve month low of $20.40 and a twelve month high of $28.20. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $118.42 million during the quarter, compared to analysts’ expectations of $114.39 million. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 16.85%. sell-side analysts anticipate that Live Oak Bancshares Inc will post 1.25 EPS for the current fiscal year.

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Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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