Mirae Asset Global Investments Co. Ltd. Buys 1,296 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,679 shares of the bank’s stock after purchasing an additional 1,296 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Live Oak Bancshares were worth $713,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LOB. Allspring Global Investments Holdings LLC boosted its stake in shares of Live Oak Bancshares by 66.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,386 shares of the bank’s stock worth $40,000 after acquiring an additional 551 shares during the period. Swiss National Bank boosted its stake in shares of Live Oak Bancshares by 1.1% in the third quarter. Swiss National Bank now owns 73,100 shares of the bank’s stock worth $2,116,000 after acquiring an additional 800 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Live Oak Bancshares by 5.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 31,486 shares of the bank’s stock worth $912,000 after acquiring an additional 1,581 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of Live Oak Bancshares by 2.0% in the third quarter. Motley Fool Asset Management LLC now owns 85,678 shares of the bank’s stock worth $2,480,000 after acquiring an additional 1,662 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Live Oak Bancshares by 1,127.6% in the fourth quarter. Blue Trust Inc. now owns 2,136 shares of the bank’s stock worth $97,000 after acquiring an additional 1,962 shares during the period. Institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Price Performance

Shares of LOB stock opened at $39.69 on Thursday. Live Oak Bancshares, Inc. has a 1 year low of $19.53 and a 1 year high of $47.22. The stock’s 50 day simple moving average is $39.35 and its two-hundred day simple moving average is $37.37. The company has a market cap of $1.78 billion, a PE ratio of 24.34 and a beta of 1.60.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). Live Oak Bancshares had a net margin of 9.24% and a return on equity of 8.67%. The company had revenue of $119.68 million for the quarter, compared to analysts’ expectations of $119.36 million. Equities research analysts expect that Live Oak Bancshares, Inc. will post 2.22 EPS for the current year.

Live Oak Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 7.32%.

Insider Buying and Selling at Live Oak Bancshares

In other Live Oak Bancshares news, insider Micah S. Davis sold 8,613 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $39.87, for a total transaction of $343,400.31. Following the sale, the insider now directly owns 43,864 shares in the company, valued at $1,748,857.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Micah S. Davis sold 8,613 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $39.87, for a total value of $343,400.31. Following the sale, the insider now directly owns 43,864 shares in the company, valued at $1,748,857.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Miltom Emmett Petty sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $39.73, for a total value of $397,300.00. Following the completion of the sale, the director now owns 121,941 shares in the company, valued at $4,844,715.93. The disclosure for this sale can be found here. Company insiders own 23.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LOB. TheStreet lowered Live Oak Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Truist Financial reiterated a “buy” rating and issued a $47.00 target price on shares of Live Oak Bancshares in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price on Live Oak Bancshares from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Oak Bancshares currently has a consensus rating of “Hold” and an average target price of $41.50.

Live Oak Bancshares 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.