Live Oak Bancshares (NASDAQ:LOB) Insider Acquires $99,985.35 in Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) insider Ewa Maria Stasiowska bought 2,595 shares of Live Oak Bancshares stock in a transaction dated Monday, January 26th. The stock was acquired at an average price of $38.53 per share, for a total transaction of $99,985.35. Following the completion of the acquisition, the insider owned 2,595 shares in the company, valued at approximately $99,985.35. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Live Oak Bancshares Trading Up 1.2%

Shares of NASDAQ:LOB opened at $39.99 on Friday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 27.58 and a beta of 2.02. Live Oak Bancshares, Inc. has a 12 month low of $22.68 and a 12 month high of $42.89. The company has a 50-day moving average price of $35.60 and a 200 day moving average price of $34.65.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were issued a $0.03 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Live Oak Bancshares’s payout ratio is 5.41%.

Institutional Investors Weigh In On Live Oak Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in Live Oak Bancshares by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,876 shares of the bank’s stock valued at $384,000 after acquiring an additional 345 shares during the period. CWM LLC boosted its stake in shares of Live Oak Bancshares by 9.7% during the third quarter. CWM LLC now owns 4,284 shares of the bank’s stock valued at $151,000 after purchasing an additional 380 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Live Oak Bancshares by 3.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,028 shares of the bank’s stock valued at $448,000 after purchasing an additional 416 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Live Oak Bancshares by 60.1% in the third quarter. Jones Financial Companies Lllp now owns 1,364 shares of the bank’s stock worth $49,000 after purchasing an additional 512 shares during the last quarter. Finally, Swiss National Bank increased its stake in Live Oak Bancshares by 0.9% in the 3rd quarter. Swiss National Bank now owns 70,700 shares of the bank’s stock worth $2,490,000 after buying an additional 600 shares during the period. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price target on Live Oak Bancshares from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Live Oak Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Live Oak Bancshares Company 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.