Live Oak Bancshares (NASDAQ:LOB) Reaches New 12-Month Low – Should You Sell?

Live Oak Bancshares, Inc. (NASDAQ:LOB)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $26.34 and last traded at $26.49, with a volume of 130598 shares trading hands. The stock had previously closed at $27.69.

Analyst Ratings Changes

Several equities research analysts recently commented on LOB shares. StockNews.com lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares has a consensus rating of “Hold” and an average price target of $44.75.

Live Oak Bancshares Trading Down 4.1 %

The company has a market cap of $1.20 billion, a PE ratio of 18.31 and a beta of 1.69. The business has a fifty day simple moving average of $32.26 and a two-hundred day simple moving average of $40.16.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is 8.28%.

Institutional Trading of Live Oak Bancshares

Several large investors have recently added to or reduced their stakes in LOB. California State Teachers Retirement System raised its stake in Live Oak Bancshares by 5.0% during the fourth quarter. California State Teachers Retirement System now owns 33,580 shares of the bank’s stock worth $1,328,000 after purchasing an additional 1,601 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Live Oak Bancshares by 1.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,152 shares of the bank’s stock worth $3,486,000 after buying an additional 1,322 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Live Oak Bancshares by 34.9% during the 4th quarter. Rafferty Asset Management LLC now owns 45,340 shares of the bank’s stock valued at $1,793,000 after buying an additional 11,740 shares during the period. Point72 Asset Management L.P. acquired a new position in Live Oak Bancshares in the fourth quarter valued at approximately $2,931,000. Finally, Point72 Europe London LLP purchased a new position in Live Oak Bancshares in the fourth quarter worth approximately $2,140,000. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

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.