Trillium Asset Management LLC Has $4.77 Million Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Trillium Asset Management LLC lifted its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,960 shares of the bank’s stock after purchasing an additional 4,792 shares during the period. Trillium Asset Management LLC owned 0.26% of Live Oak Bancshares worth $4,772,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LOB. American Century Companies Inc. lifted its holdings in Live Oak Bancshares by 1.6% in the third quarter. American Century Companies Inc. now owns 287,714 shares of the bank’s stock valued at $8,329,000 after buying an additional 4,470 shares during the period. Vanguard Group Inc. raised its holdings in shares of Live Oak Bancshares by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,481,557 shares of the bank’s stock valued at $71,841,000 after purchasing an additional 15,863 shares during the period. Profit Investment Management LLC raised its holdings in shares of Live Oak Bancshares by 6.2% during the fourth quarter. Profit Investment Management LLC now owns 128,846 shares of the bank’s stock valued at $5,862,000 after purchasing an additional 7,513 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Live Oak Bancshares during the fourth quarter valued at about $284,000. Finally, Trust Co of the South acquired a new position in shares of Live Oak Bancshares during the fourth quarter valued at about $15,042,000. Institutional investors and hedge funds own 63.95% of the company’s stock.

Live Oak Bancshares Trading Up 1.4 %

Shares of NASDAQ:LOB traded up $0.57 during trading on Friday, reaching $42.24. The stock had a trading volume of 226,152 shares, compared to its average volume of 175,637. Live Oak Bancshares, Inc. has a one year low of $26.11 and a one year high of $47.22. The company has a market capitalization of $1.90 billion, a P/E ratio of 21.23 and a beta of 1.62. The firm’s 50-day simple moving average is $34.77 and its 200 day simple moving average is $37.51.

Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, April 24th. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.12). Live Oak Bancshares had a return on equity of 10.25% and a net margin of 10.62%. The company had revenue of $116.21 million during the quarter, compared to analyst estimates of $118.89 million. Equities research analysts forecast that Live Oak Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.12 annualized dividend and a yield of 0.28%. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 6.03%.

Insider Activity

In related news, Director Tonya Williams Bradford sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $35.97, for a total transaction of $93,522.00. Following the sale, the director now directly owns 5,870 shares in the company, valued at $211,143.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LOB shares. JPMorgan Chase & Co. reduced their price objective on shares of Live Oak Bancshares from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 target price (down from $45.00) on shares of Live Oak Bancshares in a research note on Friday, April 26th. Finally, Truist Financial lowered their target price on shares of Live Oak Bancshares from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Live Oak Bancshares currently has an average rating of “Hold” and a consensus price target of $39.25.

Live Oak Bancshares Company 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.