Live Oak Bancshares (NASDAQ:LOB) Insider Ewa Maria Stasiowska Acquires 2,595 Shares

Live Oak Bancshares, Inc. (NASDAQ:LOB) insider Ewa Maria Stasiowska purchased 2,595 shares of the stock in a transaction dated Monday, January 26th. The shares were acquired at an average cost of $38.53 per share, with a total value of $99,985.35. Following the acquisition, the insider directly owned 2,595 shares in the company, valued at $99,985.35. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Live Oak Bancshares Stock Down 1.2%

NASDAQ:LOB opened at $38.30 on Thursday. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $42.89. The stock’s 50-day simple moving average is $35.21 and its 200 day simple moving average is $34.56. The firm has a market capitalization of $1.76 billion, a PE ratio of 26.41 and a beta of 2.02.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 2nd. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 5.41%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price on shares of Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Live Oak Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Institutional Investors Weigh In On Live Oak Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Live Oak Bancshares by 60.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the bank’s stock worth $49,000 after acquiring an additional 512 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Live Oak Bancshares during the third quarter valued at $63,000. Tower Research Capital LLC TRC lifted its holdings in shares of Live Oak Bancshares by 138.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the bank’s stock worth $95,000 after purchasing an additional 1,850 shares during the period. CWM LLC grew its stake in shares of Live Oak Bancshares by 1,547.3% in the second quarter. CWM LLC now owns 3,904 shares of the bank’s stock worth $116,000 after purchasing an additional 3,667 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Live Oak Bancshares by 111.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 6,170 shares of the bank’s stock valued at $184,000 after purchasing an additional 3,248 shares during the period. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.