Charles Schwab Investment Management Inc. Buys 5,181 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Charles Schwab Investment Management Inc. raised its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 284,002 shares of the bank’s stock after buying an additional 5,181 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Live Oak Bancshares were worth $11,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its position in Live Oak Bancshares by 98.6% during the 3rd quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after purchasing an additional 354 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Live Oak Bancshares during the 4th quarter valued at approximately $71,000. Principal Securities Inc. raised its position in Live Oak Bancshares by 99.7% during the 4th 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. FMR LLC grew its holdings 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 worth $207,000 after acquiring an additional 568 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after acquiring an additional 400 shares during the period. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Stock Down 0.0 %

Live Oak Bancshares stock opened at $27.40 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 18.89 and a beta of 1.69. The stock’s 50 day moving average is $33.47 and its 200 day moving average is $40.68. Live Oak Bancshares, Inc. has a twelve month low of $26.50 and a twelve month high of $50.57.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. Live Oak Bancshares’s payout ratio is currently 8.28%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. StockNews.com upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Live Oak Bancshares has a consensus rating of “Hold” and an average target price of $44.75.

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.