Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Rating) by 78.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,113 shares of the bank’s stock after selling 18,141 shares during the quarter. SG Americas Securities LLC’s holdings in Live Oak Bancshares were worth $154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC acquired a new position in Live Oak Bancshares in the third quarter valued at $46,000. Allspring Global Investments Holdings LLC increased its stake in Live Oak Bancshares by 49.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,530 shares of the bank’s stock valued at $46,000 after purchasing an additional 508 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in Live Oak Bancshares in the third quarter valued at $55,000. Global Retirement Partners LLC acquired a new position in Live Oak Bancshares in the third quarter valued at $61,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Live Oak Bancshares in the third quarter valued at $92,000. 63.28% of the stock is owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Up 2.3 %

Shares of NASDAQ LOB opened at $20.52 on Friday. The stock’s 50 day moving average price is $24.63 and its two-hundred day moving average price is $29.76. Live Oak Bancshares, Inc. has a 52-week low of $17.31 and a 52-week high of $43.72. The stock has a market capitalization of $905.96 million, a P/E ratio of 6.47 and a beta of 1.46.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, February 27th. Live Oak Bancshares’s payout ratio is 3.79%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Live Oak Bancshares from $27.00 to $25.00 in a research report on Friday, April 28th. StockNews.com raised Live Oak Bancshares to a “sell” rating in a research report on Monday, April 17th. JPMorgan Chase & Co. raised Live Oak Bancshares from an “underweight” rating to a “neutral” rating and increased their price target for the company from $25.00 to $26.50 in a report on Friday, April 28th. Raymond James started coverage on Live Oak Bancshares in a report on Monday, February 27th. They issued a “market perform” rating for the company. Finally, Truist Financial reduced their price target on Live Oak Bancshares from $29.00 to $26.00 in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.13.

About Live Oak Bancshares

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Live Oak Bancshares, Inc is a bank holding company for Live Oak Banking Company, which operates as a national online platform for small business lending. It operates through the following segments: Banking, Fintech, and Other. The Banking segment provides financing services to small businesses nationwide in targeted industries and deposit-related services to small businesses, consumers, and other customers nationwide.