Live Oak Bancshares, Inc. (NASDAQ:LOB) Plans $0.03 Quarterly Dividend

Live Oak Bancshares, Inc. (NASDAQ:LOB) announced a quarterly dividend on Tuesday, November 18th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of 0.03 per share by the bank on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Live Oak Bancshares has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Live Oak Bancshares to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.5%.

Live Oak Bancshares Trading Up 1.5%

Shares of NASDAQ LOB opened at $30.10 on Wednesday. Live Oak Bancshares has a one year low of $22.68 and a one year high of $50.16. The business has a fifty day simple moving average of $34.19 and a 200 day simple moving average of $32.31. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 20.72 and a beta of 1.98.

Institutional Investors Weigh In On Live Oak Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in LOB. Nisa Investment Advisors LLC lifted its position in Live Oak Bancshares by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,876 shares of the bank’s stock worth $384,000 after buying an additional 345 shares in the last quarter. CWM LLC boosted its position in Live Oak Bancshares by 9.7% during the third quarter. CWM LLC now owns 4,284 shares of the bank’s stock valued at $151,000 after purchasing an additional 380 shares during the last quarter. Invesco Ltd. increased its position in shares of Live Oak Bancshares by 0.9% during the 1st quarter. Invesco Ltd. now owns 51,152 shares of the bank’s stock worth $1,364,000 after purchasing an additional 432 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Live Oak Bancshares by 60.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the bank’s stock worth $49,000 after purchasing an additional 512 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Live Oak Bancshares by 0.9% in the 3rd quarter. Swiss National Bank now owns 70,700 shares of the bank’s stock valued at $2,490,000 after buying an additional 600 shares during the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

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.