Dimensional Fund Advisors LP Acquires 1,828 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Dimensional Fund Advisors LP increased its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,418,265 shares of the bank’s stock after acquiring an additional 1,828 shares during the period. Dimensional Fund Advisors LP owned about 3.14% of Live Oak Bancshares worth $56,093,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LOB. Capital International Investors boosted its stake in shares of Live Oak Bancshares by 75.8% during the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank’s stock valued at $80,749,000 after purchasing an additional 880,530 shares during the period. Barclays PLC boosted its position in Live Oak Bancshares by 7.4% in the 4th quarter. Barclays PLC now owns 78,997 shares of the bank’s stock valued at $3,124,000 after buying an additional 5,420 shares during the period. Raymond James Financial Inc. bought a new position in Live Oak Bancshares in the 4th quarter worth about $5,277,000. Advisory Services Network LLC increased its position in shares of Live Oak Bancshares by 4.5% during the fourth quarter. Advisory Services Network LLC now owns 37,458 shares of the bank’s stock worth $1,481,000 after acquiring an additional 1,605 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Live Oak Bancshares by 5.9% during the fourth quarter. Legal & General Group Plc now owns 38,627 shares of the bank’s stock valued at $1,543,000 after acquiring an additional 2,164 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Analysts Set New Price Targets

LOB has been the topic of several research reports. StockNews.com downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th. Keefe, Bruyette & Woods cut their price target on Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.25.

Live Oak Bancshares Trading Up 2.2 %

Shares of NASDAQ:LOB opened at $27.26 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 18.80 and a beta of 1.84. Live Oak Bancshares, Inc. has a 12-month low of $22.68 and a 12-month high of $50.57. The business’s fifty day simple moving average is $26.78 and its 200-day simple moving average is $36.21.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. Live Oak Bancshares’s dividend payout ratio is presently 9.23%.

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.