BNP Paribas Financial Markets Increases Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

BNP Paribas Financial Markets increased its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 53.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,054 shares of the bank’s stock after purchasing an additional 8,726 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Live Oak Bancshares worth $1,187,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LOB. 49 Wealth Management LLC raised its stake in shares of Live Oak Bancshares by 2.1% during the 3rd quarter. 49 Wealth Management LLC now owns 10,212 shares of the bank’s stock worth $484,000 after purchasing an additional 212 shares during the period. Cetera Advisors LLC boosted its stake in Live Oak Bancshares by 9.2% in the first quarter. Cetera Advisors LLC now owns 5,906 shares of the bank’s stock valued at $245,000 after acquiring an additional 500 shares during the last quarter. FMR LLC grew its position in shares of Live Oak Bancshares by 15.0% during the 3rd quarter. FMR LLC now owns 4,364 shares of the bank’s stock valued at $207,000 after acquiring an additional 568 shares during the period. nVerses Capital LLC increased its stake in shares of Live Oak Bancshares by 87.5% during the 3rd quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock worth $71,000 after purchasing an additional 700 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Live Oak Bancshares by 68.4% in the 2nd quarter. Quest Partners LLC now owns 2,026 shares of the bank’s stock worth $71,000 after purchasing an additional 823 shares during the period. 63.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler decreased their target price on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Truist Financial cut their price target on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.50.

Live Oak Bancshares Stock Performance

NASDAQ:LOB opened at $45.30 on Tuesday. The business’s fifty day moving average is $46.16 and its 200 day moving average is $41.75. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 28.49 and a beta of 1.66. Live Oak Bancshares, Inc. has a 52-week low of $31.03 and a 52-week high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. The company had revenue of $241.87 million for the quarter, compared to the consensus estimate of $126.63 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities analysts predict that Live Oak Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.03 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.26%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 7.55%.

Insider Transactions at Live Oak Bancshares

In other Live Oak Bancshares news, CAO John W. Sutherland sold 12,588 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.00, for a total value of $616,812.00. Following the completion of the transaction, the chief accounting officer now owns 14,015 shares of the company’s stock, valued at $686,735. The trade was a 47.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Henderson Cameron purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $39.76 per share, for a total transaction of $39,760.00. Following the acquisition, the director now directly owns 202,217 shares in the company, valued at approximately $8,040,147.92. The trade was a 0.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 23.90% of the company’s stock.

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.