Trexquant Investment LP Has $1.80 Million Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Trexquant Investment LP lifted its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 2.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,517 shares of the bank’s stock after acquiring an additional 938 shares during the quarter. Trexquant Investment LP’s holdings in Live Oak Bancshares were worth $1,800,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Live Oak Bancshares by 1.8% in the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock valued at $36,658,000 after purchasing an additional 13,824 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after acquiring an additional 54,286 shares during the period. Barclays PLC boosted its position in Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank’s stock worth $3,485,000 after acquiring an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new position in Live Oak Bancshares during the 3rd quarter valued at about $364,000. Finally, Victory Capital Management Inc. lifted its position in shares of Live Oak Bancshares by 44.3% in the fourth quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock worth $1,840,000 after purchasing an additional 14,293 shares in the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Down 2.0 %

NASDAQ LOB opened at $23.10 on Wednesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 15.93 and a beta of 1.75. Live Oak Bancshares, Inc. has a 12-month low of $22.80 and a 12-month high of $50.57. The company has a 50 day moving average price of $30.24 and a two-hundred day moving average price of $38.95.

Live Oak Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s payout ratio is presently 8.28%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LOB shares. 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. StockNews.com downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Live Oak Bancshares currently has an average rating of “Hold” and a consensus price target of $44.75.

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.