12,020 Shares in Live Oak Bancshares, Inc. $LOB Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,020 shares of the bank’s stock, valued at approximately $358,000.

A number of other institutional investors also recently made changes to their positions in LOB. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Live Oak Bancshares in the first quarter valued at $68,000. CWM LLC raised its stake in Live Oak Bancshares by 1,547.3% in the 2nd quarter. CWM LLC now owns 3,904 shares of the bank’s stock valued at $116,000 after purchasing an additional 3,667 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Live Oak Bancshares by 37.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,481 shares of the bank’s stock valued at $223,000 after purchasing an additional 2,040 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Live Oak Bancshares during the 1st quarter worth about $225,000. Finally, SG Americas Securities LLC grew its holdings in shares of Live Oak Bancshares by 15.0% during the second quarter. SG Americas Securities LLC now owns 8,509 shares of the bank’s stock worth $254,000 after buying an additional 1,110 shares in the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Performance

NASDAQ LOB opened at $32.16 on Wednesday. Live Oak Bancshares, Inc. has a one year low of $22.68 and a one year high of $49.28. The company’s 50 day moving average price is $33.58 and its 200 day moving average price is $32.46. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 22.18 and a beta of 1.98.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 2nd. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.05%.

Insider Buying and Selling at Live Oak Bancshares

In other Live Oak Bancshares news, Director Tonya Williams Bradford bought 1,000 shares of Live Oak Bancshares stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average price of $30.24 per share, for a total transaction of $30,240.00. Following the acquisition, the director owned 6,697 shares of the company’s stock, valued at $202,517.28. The trade was a 17.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Gregory W. Seward sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $30.20, for a total transaction of $36,240.00. Following the sale, the general counsel directly owned 106,126 shares of the company’s stock, valued at approximately $3,205,005.20. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.40% of the company’s stock.

Analyst Ratings Changes

LOB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Live Oak Bancshares from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $43.00 in a research note on Tuesday, August 19th. Cantor Fitzgerald assumed coverage on Live Oak Bancshares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $42.00 price target for the company. Cowen began coverage on Live Oak Bancshares in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. National Bankshares set a $50.00 price objective on Live Oak Bancshares in a research report on Wednesday, September 24th. Finally, Piper Sandler dropped their target price on Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.