Live Oak Bancshares (NASDAQ:LOB) General Counsel Sells $110,100.00 in Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) General Counsel Gregory Seward sold 3,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $36.70, for a total value of $110,100.00. Following the completion of the sale, the general counsel owned 113,797 shares of the company’s stock, valued at $4,176,349.90. This trade represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Live Oak Bancshares Trading Up 0.4%

Shares of LOB traded up $0.15 during trading hours on Wednesday, reaching $36.60. 266,835 shares of the stock traded hands, compared to its average volume of 347,839. The company has a market cap of $1.68 billion, a P/E ratio of 25.24 and a beta of 2.00. The company’s 50-day moving average price is $38.22 and its two-hundred day moving average price is $35.85. Live Oak Bancshares, Inc. has a 52-week low of $22.68 and a 52-week high of $42.89.

Live Oak Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Thursday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, March 5th. Live Oak Bancshares’s payout ratio is presently 5.41%.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price target on Live Oak Bancshares from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.20.

Institutional Investors Weigh In On Live Oak Bancshares

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in Live Oak Bancshares by 60.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the bank’s stock worth $49,000 after acquiring an additional 512 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Live Oak Bancshares by 157.4% during the fourth quarter. Larson Financial Group LLC now owns 1,480 shares of the bank’s stock worth $51,000 after buying an additional 905 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Live Oak Bancshares in the fourth quarter valued at approximately $55,000. State of Alaska Department of Revenue acquired a new position in shares of Live Oak Bancshares during the 3rd quarter worth approximately $63,000. Finally, Tower Research Capital LLC TRC increased its holdings in 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 worth $95,000 after acquiring an additional 1,850 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.