Key Points
- Insider Ewa Maria Stasiowska purchased 2,595 shares of Live Oak Bancshares on Jan. 26 at an average price of $38.53, totaling $99,985.35, as disclosed in an SEC Form 4.
- Live Oak Bancshares trades around $38.30 with a market cap of $1.76 billion, a P/E of 26.41, and a one‑year range of $22.68–$42.89 (50-day MA $35.21; 200-day MA $34.56).
- The company pays a small quarterly dividend ($0.03; annualized $0.12, yield 0.3%), about 63.95% of shares are institutionally owned, and analysts hold a consensus "Moderate Buy" with a $42.50 target while Piper Sandler cut its target to $35 (neutral).
Live Oak Bancshares, Inc. (NASDAQ:LOB - Get Free Report) insider Ewa Maria Stasiowska purchased 2,595 shares of the firm's stock in a transaction dated Monday, January 26th. The stock was bought at an average cost of $38.53 per share, with a total value of $99,985.35. Following the purchase, the insider owned 2,595 shares of the company's stock, valued at approximately $99,985.35. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Live Oak Bancshares Price Performance
Shares of LOB opened at $38.30 on Thursday. The business has a 50-day moving average of $35.21 and a 200-day moving average of $34.56. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 26.41 and a beta of 2.02. Live Oak Bancshares, Inc. has a 1 year low of $22.68 and a 1 year high of $42.89.
Live Oak Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, December 2nd were given 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%.
Hedge Funds Weigh In On Live Oak Bancshares
A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Live Oak Bancshares by 655.6% during the 1st quarter. Millennium Management LLC now owns 687,885 shares of the bank's stock worth $18,339,000 after buying an additional 596,841 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Live Oak Bancshares by 366.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 519,957 shares of the bank's stock valued at $18,313,000 after acquiring an additional 408,591 shares during the period. Jane Street Group LLC boosted its stake in Live Oak Bancshares by 1,263.2% during the first quarter. Jane Street Group LLC now owns 201,816 shares of the bank's stock worth $5,380,000 after acquiring an additional 187,011 shares in the last quarter. CenterBook Partners LP grew its holdings in Live Oak Bancshares by 105.4% in the second quarter. CenterBook Partners LP now owns 356,416 shares of the bank's stock worth $10,621,000 after purchasing an additional 182,851 shares during the period. Finally, Whittier Trust Co. increased its stake in Live Oak Bancshares by 937,663.2% in the third quarter. Whittier Trust Co. now owns 178,175 shares of the bank's stock valued at $6,184,000 after purchasing an additional 178,156 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Piper Sandler lowered their target price on shares of Live Oak Bancshares from $37.00 to $35.00 and set a "neutral" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.50.
Check Out Our Latest Stock Report on Live Oak Bancshares
About Live Oak Bancshares
(
Get Free Report)
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.
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