Barrow Hanley Mewhinney & Strauss LLC Cuts Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,540,228 shares of the bank’s stock after selling 11,753 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 3.41% of Live Oak Bancshares worth $60,916,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LOB. Quarry LP increased its position in shares of Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after acquiring an additional 354 shares during the period. Central Pacific Bank Trust Division increased its holdings in Live Oak Bancshares by 3.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank’s stock worth $411,000 after purchasing an additional 356 shares during the period. Handelsbanken Fonder AB raised its position in Live Oak Bancshares by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after purchasing an additional 400 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank’s stock valued at $633,000 after buying an additional 551 shares during the period. Finally, FMR LLC grew its position in shares of Live Oak Bancshares by 15.0% during the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock worth $207,000 after buying an additional 568 shares in the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Live Oak Bancshares currently has a consensus rating of “Hold” and an average target price of $44.75.

Live Oak Bancshares Stock Down 4.1 %

Shares of Live Oak Bancshares stock opened at $26.55 on Friday. Live Oak Bancshares, Inc. has a 52 week low of $26.34 and a 52 week high of $50.57. The firm’s 50 day moving average is $32.26 and its two-hundred day moving average is $40.16. The firm has a market capitalization of $1.20 billion, a P/E ratio of 18.31 and a beta of 1.69.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.28%.

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.