Live Oak Bancshares, Inc. $LOB Position Increased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its position in shares of Live Oak Bancshares, Inc. (NYSE:LOB) by 39.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,667 shares of the company’s stock after acquiring an additional 49,644 shares during the period. Tudor Investment Corp ET AL’s holdings in Live Oak Bancshares were worth $6,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Live Oak Bancshares by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,545,210 shares of the company’s stock worth $54,424,000 after acquiring an additional 5,046 shares in the last quarter. Southernsun Asset Management LLC raised its holdings in shares of Live Oak Bancshares by 3.2% during the second quarter. Southernsun Asset Management LLC now owns 899,729 shares of the company’s stock worth $26,812,000 after acquiring an additional 27,795 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Live Oak Bancshares by 655.6% during the first quarter. Millennium Management LLC now owns 687,885 shares of the company’s stock worth $18,339,000 after acquiring an additional 596,841 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Live Oak Bancshares by 366.9% during the third quarter. Ameriprise Financial Inc. now owns 519,957 shares of the company’s stock worth $18,313,000 after acquiring an additional 408,591 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Live Oak Bancshares by 14.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 370,869 shares of the company’s stock valued at $13,062,000 after buying an additional 46,521 shares in the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock opened at $34.01 on Wednesday. The business’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $35.15. The firm has a market capitalization of $1.56 billion, a PE ratio of 15.32 and a beta of 1.90. Live Oak Bancshares, Inc. has a 52 week low of $22.68 and a 52 week high of $42.89.

Live Oak Bancshares (NYSE:LOB) last posted its quarterly earnings data on Wednesday, January 21st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.39. The business had revenue of $161.86 million for the quarter. Live Oak Bancshares had a return on equity of 9.71% and a net margin of 10.09%.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Thursday, March 5th were paid a $0.03 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Live Oak Bancshares’s payout ratio is presently 5.41%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LOB shares. TD Cowen cut their target price on Live Oak Bancshares from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Zacks Research upgraded Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Live Oak Bancshares in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.20.

Insiders Place Their Bets

In other news, General Counsel Gregory W. Seward sold 3,000 shares of Live Oak Bancshares stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $36.70, for a total value of $110,100.00. Following the transaction, the general counsel directly owned 113,797 shares in the company, valued at approximately $4,176,349.90. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Walter J. Phifer sold 4,712 shares of Live Oak Bancshares stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $36.58, for a total value of $172,364.96. Following the completion of the transaction, the chief financial officer owned 10,103 shares in the company, valued at $369,567.74. The trade was a 31.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 17,412 shares of company stock valued at $660,862. Company insiders own 23.40% of the company’s stock.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.