Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC cut its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,185 shares of the bank’s stock after selling 4,728 shares during the period. Motley Fool Wealth Management LLC’s holdings in Live Oak Bancshares were worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of LOB. Vanguard Group Inc. lifted its stake in shares of Live Oak Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank’s stock worth $104,066,000 after buying an additional 10,213 shares during the period. LPL Financial LLC lifted its position in Live Oak Bancshares by 7.9% during the 4th quarter. LPL Financial LLC now owns 10,326 shares of the bank’s stock worth $408,000 after acquiring an additional 757 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Live Oak Bancshares during the 4th quarter valued at about $265,000. Quantbot Technologies LP purchased a new stake in Live Oak Bancshares during the 4th quarter valued at about $654,000. Finally, one8zero8 LLC acquired a new position in shares of Live Oak Bancshares in the fourth quarter valued at about $2,689,000. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Trading Up 0.8 %

Shares of NASDAQ:LOB opened at $27.95 on Wednesday. Live Oak Bancshares, Inc. has a 12-month low of $26.50 and a 12-month high of $50.57. The business has a 50 day moving average of $33.05 and a two-hundred day moving average of $40.46. The company has a market capitalization of $1.26 billion, a PE ratio of 19.28 and a beta of 1.69.

Live Oak Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Upgrades and Downgrades

LOB has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. StockNews.com upgraded shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.75.

About Live Oak Bancshares

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.