Emerald Mutual Fund Advisers Trust Makes New Investment in Live Oak Bancshares, Inc. $LOB

Emerald Mutual Fund Advisers Trust acquired a new stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,526 shares of the bank’s stock, valued at approximately $512,000.

A number of other large investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Live Oak Bancshares by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 12,876 shares of the bank’s stock valued at $384,000 after purchasing an additional 345 shares in the last quarter. CWM LLC boosted its position in Live Oak Bancshares by 9.7% in the 3rd quarter. CWM LLC now owns 4,284 shares of the bank’s stock valued at $151,000 after buying an additional 380 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Live Oak Bancshares by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,594 shares of the bank’s stock valued at $549,000 after buying an additional 880 shares during the period. Parsons Capital Management Inc. RI raised its position in shares of Live Oak Bancshares by 6.5% during the third quarter. Parsons Capital Management Inc. RI now owns 14,700 shares of the bank’s stock worth $518,000 after acquiring an additional 900 shares during the last quarter. Finally, Howe & Rusling Inc. raised its position in shares of Live Oak Bancshares by 11.0% during the second quarter. Howe & Rusling Inc. now owns 10,929 shares of the bank’s stock worth $326,000 after acquiring an additional 1,081 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Down 3.6%

LOB stock opened at $39.30 on Friday. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $42.89. The company has a market cap of $1.80 billion, a P/E ratio of 27.10 and a beta of 2.02. The business’s fifty day moving average is $34.68 and its 200-day moving average is $34.41.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Live Oak Bancshares’s dividend payout ratio (DPR) is 8.05%.

Insider Activity

In other news, Director Tonya Williams Bradford acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average price of $30.24 per share, for a total transaction of $30,240.00. Following the completion of the acquisition, the director owned 6,697 shares in the company, valued at $202,517.28. This trade represents a 17.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Gregory W. Seward sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $30.20, for a total transaction of $36,240.00. Following the completion of the sale, the general counsel directly owned 106,126 shares of the company’s stock, valued at $3,205,005.20. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 23.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Piper Sandler decreased their price target on Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.