California State Teachers Retirement System cut its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,015 shares of the bank’s stock after selling 3,500 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Live Oak Bancshares worth $847,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LOB. Goldman Sachs Group Inc. grew its stake in shares of Live Oak Bancshares by 107.0% in the second quarter. Goldman Sachs Group Inc. now owns 163,987 shares of the bank’s stock valued at $3,968,000 after buying an additional 84,748 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Live Oak Bancshares by 8.3% in the first quarter. Vanguard Group Inc. now owns 845,950 shares of the bank’s stock valued at $18,315,000 after buying an additional 65,115 shares in the last quarter. Royce & Associates LP grew its stake in shares of Live Oak Bancshares by 40.0% in the second quarter. Royce & Associates LP now owns 191,200 shares of the bank’s stock valued at $4,627,000 after buying an additional 54,600 shares in the last quarter. State Street Corp grew its stake in shares of Live Oak Bancshares by 10.3% in the second quarter. State Street Corp now owns 354,407 shares of the bank’s stock valued at $8,579,000 after buying an additional 33,082 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Live Oak Bancshares in the second quarter valued at $523,000. 40.93% of the stock is owned by institutional investors and hedge funds.

In related news, Director Glen F. Hoffsis acquired 1,400 shares of Live Oak Bancshares stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $23.50 per share, with a total value of $32,900.00. Following the completion of the transaction, the director now directly owns 85,382 shares in the company, valued at approximately $2,006,477. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 30.10% of the company’s stock.

Live Oak Bancshares, Inc. (NASDAQ LOB) opened at $25.35 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Live Oak Bancshares, Inc. has a 52-week low of $16.60 and a 52-week high of $26.05. The company has a market cap of $966.99, a price-to-earnings ratio of 25.26 and a beta of -0.09.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Live Oak Bancshares had a net margin of 17.68% and a return on equity of 13.60%. The firm had revenue of $46.09 million during the quarter, compared to analysts’ expectations of $42.56 million. equities analysts predict that Live Oak Bancshares, Inc. will post 1.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a dividend of $0.03 per share. The ex-dividend date was Friday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. Live Oak Bancshares’s dividend payout ratio (DPR) is 12.90%.

Several equities analysts recently weighed in on the stock. Sandler O’Neill raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and decreased their target price for the company from $25.00 to $24.00 in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods initiated coverage on shares of Live Oak Bancshares in a research report on Monday, October 16th. They set a “market perform” rating and a $26.00 price objective for the company. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $27.00 price objective on shares of Live Oak Bancshares in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.50.

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Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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