Live Oak Bancshares (NASDAQ:LOB) General Counsel Gregory Seward Sells 1,200 Shares

Live Oak Bancshares, Inc. (NASDAQ:LOB) General Counsel Gregory Seward sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $30.20, for a total transaction of $36,240.00. Following the sale, the general counsel owned 106,126 shares in the company, valued at $3,205,005.20. This represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Live Oak Bancshares Price Performance

LOB traded down $0.44 during trading on Thursday, hitting $29.40. 322,466 shares of the stock traded hands, compared to its average volume of 288,003. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.16. The business has a 50 day moving average price of $33.90 and a 200 day moving average price of $32.28. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 20.27 and a beta of 1.98.

Live Oak Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.12 annualized dividend and a yield of 0.4%. Live Oak Bancshares’s payout ratio is presently 8.05%.

Hedge Funds Weigh In On Live Oak Bancshares

A number of hedge funds have recently modified their holdings of LOB. Jones Financial Companies Lllp raised its position in 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 during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Live Oak Bancshares during the 3rd quarter valued at about $63,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Live Oak Bancshares in the first quarter worth approximately $68,000. Tower Research Capital LLC TRC increased its stake in shares of Live Oak Bancshares by 138.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the bank’s stock valued at $95,000 after acquiring an additional 1,850 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Live Oak Bancshares by 1,547.3% during the 2nd quarter. CWM LLC now owns 3,904 shares of the bank’s stock valued at $116,000 after acquiring an additional 3,667 shares during the period. Institutional investors and hedge funds own 63.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LOB. National Bankshares set a $50.00 price target on shares of Live Oak Bancshares in a research note on Wednesday, September 24th. Cantor Fitzgerald assumed coverage on shares of Live Oak Bancshares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $42.00 price objective for the company. Piper Sandler cut their target price on shares of Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Cowen initiated coverage on shares of Live Oak Bancshares in a report on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a “market perform” rating to an “outperform” rating and increased their price target for the company from $37.00 to $43.00 in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Live Oak Bancshares Company Profile

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.