Key Points
- Director Tonya Williams Bradford bought 1,000 shares at $30.24 each (total $30,240), raising her stake to 6,697 shares — a 17.55% increase in her ownership.
- The company announced a quarterly dividend of $0.03 per share (annualized $0.12) payable Dec. 15 with an ex-dividend date of Dec. 2, implying a yield of about 0.4%.
- Analysts hold a consensus rating of "Moderate Buy" with an average price target of $42.50, while the stock trades around $30.50 and the company has a market cap of about $1.39 billion and a P/E of 21.03.
Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report) Director Tonya Williams Bradford bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $30.24 per share, with a total value of $30,240.00. Following the transaction, the director directly owned 6,697 shares of the company's stock, valued at $202,517.28. The trade was a 17.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Live Oak Bancshares Trading Down 0.6%
NASDAQ LOB opened at $30.50 on Tuesday. The firm's fifty day simple moving average is $33.66 and its two-hundred day simple moving average is $32.42. The firm has a market capitalization of $1.39 billion, a P/E ratio of 21.03 and a beta of 1.98. Live Oak Bancshares, Inc. has a 12-month low of $22.68 and a 12-month high of $50.16.
Live Oak Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, December 2nd. Live Oak Bancshares's dividend payout ratio is currently 8.05%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on LOB shares. National Bankshares set a $50.00 price target on Live Oak Bancshares in a research note on Wednesday, September 24th. Keefe, Bruyette & Woods raised shares of Live Oak Bancshares from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $37.00 to $43.00 in a research report on Tuesday, August 19th. Cowen started coverage on shares of Live Oak Bancshares in a research note on Wednesday, September 24th. They issued a "buy" rating for the company. Cantor Fitzgerald assumed coverage on shares of Live Oak Bancshares in a research note on Wednesday, September 10th. They set a "neutral" rating and a $42.00 price target on the stock. Finally, Piper Sandler decreased their price target on shares of Live Oak Bancshares from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.50.
View Our Latest Analysis on Live Oak Bancshares
Hedge Funds Weigh In On Live Oak Bancshares
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC purchased a new position in shares of Live Oak Bancshares during the first quarter worth $817,000. Envestnet Asset Management Inc. boosted its holdings in Live Oak Bancshares by 16.4% in the first quarter. Envestnet Asset Management Inc. now owns 145,117 shares of the bank's stock valued at $3,869,000 after purchasing an additional 20,430 shares during the last quarter. CenterBook Partners LP grew its position in Live Oak Bancshares by 49.2% during the 1st quarter. CenterBook Partners LP now owns 173,565 shares of the bank's stock worth $4,627,000 after purchasing an additional 57,217 shares during the period. Motley Fool Wealth Management LLC grew its position in Live Oak Bancshares by 80.5% during the 1st quarter. Motley Fool Wealth Management LLC now owns 263,859 shares of the bank's stock worth $7,034,000 after purchasing an additional 117,674 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Live Oak Bancshares by 44.0% during the 1st quarter. Deutsche Bank AG now owns 123,840 shares of the bank's stock valued at $3,302,000 after buying an additional 37,823 shares during the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.
Live Oak Bancshares Company Profile
(
Get Free Report)
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.
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