Quantbot Technologies LP Takes $654,000 Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Quantbot Technologies LP acquired a new position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,540 shares of the bank’s stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOB. Picton Mahoney Asset Management acquired a new stake in shares of Live Oak Bancshares during the 4th quarter worth about $27,000. Quarry LP boosted its position in 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 last quarter. Venturi Wealth Management LLC purchased a new stake in Live Oak Bancshares in the 4th quarter worth approximately $71,000. Principal Securities Inc. raised its holdings in 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 acquiring an additional 1,498 shares during the last quarter. Finally, FMR LLC lifted 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 worth $207,000 after purchasing an additional 568 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Wall Street Analysts Forecast Growth

LOB has been the subject of several analyst reports. StockNews.com lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Live Oak Bancshares currently has a consensus rating of “Hold” and an average target price of $44.75.

Live Oak Bancshares Price Performance

Live Oak Bancshares stock opened at $27.66 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.08 and a beta of 1.69. Live Oak Bancshares, Inc. has a 12 month low of $26.50 and a 12 month high of $50.57. The stock’s 50-day moving average is $32.54 and its 200-day moving average is $40.28.

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 0.43%. Live Oak Bancshares’s dividend payout ratio (DPR) is 8.28%.

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.