Live Oak Bancshares, Inc. $LOB Stock Position Raised by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its stake in shares of Live Oak Bancshares, Inc. (NYSE:LOB) by 39.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,667 shares of the company’s stock after acquiring an additional 49,644 shares during the quarter. Tudor Investment Corp ET AL owned 0.38% of Live Oak Bancshares worth $6,187,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Captrust Financial Advisors boosted its stake in shares of Live Oak Bancshares by 7.8% during the 3rd quarter. Captrust Financial Advisors now owns 64,634 shares of the company’s stock worth $2,276,000 after acquiring an additional 4,674 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Live Oak Bancshares by 32.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 79,497 shares of the company’s stock worth $2,800,000 after acquiring an additional 19,418 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Live Oak Bancshares by 29.3% during the 3rd quarter. Verition Fund Management LLC now owns 65,931 shares of the company’s stock worth $2,322,000 after acquiring an additional 14,922 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in shares of Live Oak Bancshares by 17.3% during the 3rd quarter. Susquehanna Fundamental Investments LLC now owns 19,620 shares of the company’s stock worth $691,000 after acquiring an additional 2,900 shares in the last quarter. Finally, PMC FIG Opportunities LLC boosted its stake in shares of Live Oak Bancshares by 3.9% during the 3rd quarter. PMC FIG Opportunities LLC now owns 70,707 shares of the company’s stock worth $2,490,000 after acquiring an additional 2,630 shares in the last quarter. 63.95% of the stock is owned by institutional investors.

Live Oak Bancshares Stock Up 0.6%

Shares of Live Oak Bancshares stock opened at $34.01 on Wednesday. The stock has a market cap of $1.56 billion, a PE ratio of 15.32 and a beta of 1.90. The business has a fifty day simple moving average of $36.46 and a 200-day simple moving average of $35.15. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $42.89.

Live Oak Bancshares (NYSE:LOB) last issued its earnings results on Wednesday, January 21st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.56 by $0.39. The business had revenue of $161.86 million during the quarter. Live Oak Bancshares had a return on equity of 9.71% and a net margin of 10.09%.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Thursday, March 5th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 5th. Live Oak Bancshares’s dividend payout ratio (DPR) is 5.41%.

Insider Transactions at Live Oak Bancshares

In related news, General Counsel Gregory W. Seward sold 3,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $36.70, for a total transaction of $110,100.00. Following the completion of the sale, the general counsel directly owned 113,797 shares in the company, valued at approximately $4,176,349.90. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ewa Maria Stasiowska acquired 2,595 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average price of $38.53 per share, with a total value of $99,985.35. Following the completion of the acquisition, the insider owned 2,595 shares of the company’s stock, valued at $99,985.35. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 17,412 shares of company stock valued at $660,862 in the last three months. 23.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LOB shares. TD Cowen reduced their price objective on Live Oak Bancshares from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Live Oak Bancshares in a research note on Thursday, January 22nd. Finally, Zacks Research raised Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.20.

Live Oak Bancshares Company Profile

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.