SG Americas Securities LLC Has $569,000 Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

SG Americas Securities LLC lifted its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOBGet Rating) by 42.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,188 shares of the bank’s stock after acquiring an additional 3,332 shares during the period. SG Americas Securities LLC’s holdings in Live Oak Bancshares were worth $569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Emerald Advisers LLC grew its stake in Live Oak Bancshares by 7.6% during the first quarter. Emerald Advisers LLC now owns 465,255 shares of the bank’s stock worth $23,677,000 after buying an additional 32,717 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Live Oak Bancshares during the first quarter worth about $102,000. Arbor Investment Advisors LLC lifted its holdings in shares of Live Oak Bancshares by 61.3% in the first quarter. Arbor Investment Advisors LLC now owns 5,788 shares of the bank’s stock worth $295,000 after acquiring an additional 2,200 shares during the last quarter. Private Capital Group LLC bought a new position in shares of Live Oak Bancshares in the first quarter worth about $39,000. Finally, Teamwork Financial Advisors LLC lifted its holdings in shares of Live Oak Bancshares by 49.5% in the first quarter. Teamwork Financial Advisors LLC now owns 7,911 shares of the bank’s stock worth $403,000 after acquiring an additional 2,620 shares during the last quarter. 62.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TheStreet cut shares of Live Oak Bancshares from a “b-” rating to a “c” rating in a report on Thursday, June 23rd. Piper Sandler dropped their price objective on shares of Live Oak Bancshares from $51.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Truist Financial dropped their price objective on shares of Live Oak Bancshares from $55.00 to $49.00 in a report on Wednesday, June 15th. Raymond James lowered shares of Live Oak Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. lowered shares of Live Oak Bancshares from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $58.00 to $41.00 in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Live Oak Bancshares presently has an average rating of “Hold” and an average price target of $46.25.

Live Oak Bancshares Stock Performance

NASDAQ:LOB opened at $39.10 on Thursday. The company has a market capitalization of $1.71 billion, a PE ratio of 9.01 and a beta of 1.54. The company has a 50 day simple moving average of $35.68 and a two-hundred day simple moving average of $47.36. Live Oak Bancshares, Inc. has a fifty-two week low of $30.24 and a fifty-two week high of $99.89.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, May 27th. Live Oak Bancshares’s dividend payout ratio (DPR) is 2.76%.

Live Oak Bancshares Company Profile

(Get Rating)

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.

Read More

Want to see what other hedge funds are holding LOB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Oak Bancshares, Inc. (NASDAQ:LOBGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.