Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,444 shares of the bank’s stock after purchasing an additional 870 shares during the period. Level Four Advisory Services LLC’s holdings in Live Oak Bancshares were worth $769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Live Oak Bancshares in the fourth quarter valued at about $5,277,000. State Street Corp raised its position in shares of Live Oak Bancshares by 13.4% in the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock valued at $52,553,000 after purchasing an additional 131,343 shares during the last quarter. Norges Bank acquired a new stake in Live Oak Bancshares in the 4th quarter worth approximately $4,056,000. Jacobs Levy Equity Management Inc. grew its position in Live Oak Bancshares by 82.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 185,309 shares of the bank’s stock worth $8,778,000 after purchasing an additional 83,639 shares during the last quarter. Finally, one8zero8 LLC purchased a new stake in Live Oak Bancshares during the 4th quarter worth approximately $2,689,000. Institutional investors and hedge funds own 63.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Live Oak Bancshares Price Performance

NASDAQ:LOB opened at $26.55 on Monday. The company’s fifty day moving average price is $32.26 and its 200-day moving average price is $40.15. Live Oak Bancshares, Inc. has a 1-year low of $26.34 and a 1-year high of $50.57. The firm has a market capitalization of $1.20 billion, a P/E ratio of 18.31 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

The business 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 0.45%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio 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.