Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 44.3% during the fourth quarter, Holdings Channel reports. The firm owned 46,527 shares of the bank’s stock after acquiring an additional 14,293 shares during the period. Victory Capital Management Inc.’s holdings in Live Oak Bancshares were worth $1,840,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Quarry LP boosted its position in Live Oak Bancshares by 98.6% in the third quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after buying an additional 354 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Live Oak Bancshares during the fourth quarter valued at $71,000. Principal Securities Inc. boosted its holdings in Live Oak Bancshares by 99.7% in the fourth quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock valued at $119,000 after purchasing an additional 1,498 shares during the last quarter. Entropy Technologies LP acquired a new stake in Live Oak Bancshares during the 3rd quarter worth about $205,000. Finally, FMR LLC raised its stake 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 buying an additional 568 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Down 0.9 %

LOB stock opened at $28.36 on Tuesday. Live Oak Bancshares, Inc. has a 52-week low of $27.57 and a 52-week high of $50.57. The firm has a market cap of $1.28 billion, a P/E ratio of 19.56 and a beta of 1.69. The company’s 50-day simple moving average is $34.30 and its 200-day simple moving average is $41.08.

Live Oak Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.42%. Live Oak Bancshares’s dividend payout ratio is currently 8.28%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.

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.