Swiss National Bank Acquires 4,700 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Swiss National Bank increased its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,800 shares of the bank’s stock after purchasing an additional 4,700 shares during the quarter. Swiss National Bank’s holdings in Live Oak Bancshares were worth $2,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LOB. Quarry LP raised its holdings in shares of Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after acquiring an additional 354 shares during the period. Venturi Wealth Management LLC bought a new position in Live Oak Bancshares during the 4th quarter worth about $71,000. Principal Securities Inc. raised its stake in shares of Live Oak Bancshares by 99.7% in 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 period. FMR LLC lifted its holdings in shares of Live Oak Bancshares by 15.0% in the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock valued at $207,000 after purchasing an additional 568 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Live Oak Bancshares by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after buying an additional 400 shares during the period. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOB has been the topic of a number of recent research reports. StockNews.com raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $44.00 price objective (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Live Oak Bancshares currently has an average rating of “Hold” and an average target price of $44.75.

Live Oak Bancshares Stock Down 2.6 %

LOB stock opened at $27.23 on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 18.78 and a beta of 1.69. Live Oak Bancshares, Inc. has a twelve month low of $26.50 and a twelve month high of $50.57. The business has a 50 day moving average price of $32.79 and a two-hundred day moving average price of $40.37.

Live Oak Bancshares Dividend Announcement

The company 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. This represents a $0.12 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.28%.

Live Oak Bancshares 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.