13,393 Shares in Live Oak Bancshares, Inc. $LOB Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new position in Live Oak Bancshares, Inc. (NYSE:LOB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,393 shares of the company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. William Blair Investment Management LLC acquired a new stake in shares of Live Oak Bancshares during the fourth quarter worth about $22,278,000. NewEdge Wealth LLC bought a new position in shares of Live Oak Bancshares during the 4th quarter valued at about $43,261,000. UBS Group AG grew its position in shares of Live Oak Bancshares by 29.4% in the 4th quarter. UBS Group AG now owns 160,710 shares of the company’s stock valued at $5,520,000 after purchasing an additional 36,525 shares during the period. Royce & Associates LP acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at approximately $8,496,000. Finally, WCM Investment Management LLC bought a new stake in Live Oak Bancshares during the 1st quarter worth approximately $4,955,000. Institutional investors own 63.95% of the company’s stock.

Analyst Ratings Changes

LOB has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Live Oak Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Cantor Fitzgerald increased their price objective on shares of Live Oak Bancshares from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. TD Cowen raised their price objective on shares of Live Oak Bancshares from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Zacks Research raised shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.40.

Insider Activity at Live Oak Bancshares

In other Live Oak Bancshares news, insider Mark Michael Moroz sold 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $42.08, for a total value of $256,688.00. Following the completion of the transaction, the insider directly owned 12,110 shares in the company, valued at $509,588.80. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William L. Williams III sold 8,400 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $43.08, for a total value of $361,872.00. Following the transaction, the director directly owned 1,114,126 shares in the company, valued at $47,996,548.08. This trade represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 36,454 shares of company stock valued at $1,526,341. 22.40% of the stock is owned by insiders.

Live Oak Bancshares Trading Up 0.5%

Shares of LOB opened at $40.16 on Friday. Live Oak Bancshares, Inc. has a 12 month low of $29.36 and a 12 month high of $44.53. The firm has a fifty day simple moving average of $41.69 and a 200 day simple moving average of $38.36. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.14 and a beta of 1.87.

Live Oak Bancshares (NYSE:LOB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. The firm had revenue of $156.15 million for the quarter. As a group, research analysts predict that Live Oak Bancshares, Inc. will post 3.07 earnings per share for the current fiscal year.

Live Oak Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.03 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 4.23%.

About Live Oak Bancshares

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.