Algert Global LLC Buys 4,962 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Algert Global LLC lifted its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,756 shares of the bank’s stock after buying an additional 4,962 shares during the quarter. Algert Global LLC owned about 0.21% of Live Oak Bancshares worth $3,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Live Oak Bancshares by 0.6% during the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank’s stock valued at $2,006,000 after acquiring an additional 298 shares during the period. Handelsbanken Fonder AB raised its stake in Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after purchasing an additional 400 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in Live Oak Bancshares by 7.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after purchasing an additional 407 shares in the last quarter. First Hawaiian Bank boosted its stake in Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank’s stock worth $633,000 after purchasing an additional 551 shares during the period. Finally, Howe & Rusling Inc. grew its holdings in Live Oak Bancshares by 8.3% during the 4th quarter. Howe & Rusling Inc. now owns 8,513 shares of the bank’s stock valued at $337,000 after buying an additional 655 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

Live Oak Bancshares Stock Performance

NASDAQ LOB opened at $25.78 on Wednesday. The stock has a 50 day moving average price of $26.57 and a 200-day moving average price of $35.79. Live Oak Bancshares, Inc. has a one year low of $22.68 and a one year high of $50.57. The company has a market capitalization of $1.17 billion, a P/E ratio of 17.78 and a beta of 1.84.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.47%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 9.23%.

Analyst Ratings Changes

Several research firms have recently commented on LOB. Keefe, Bruyette & Woods lowered their target price on shares of Live Oak Bancshares from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.25.

Live Oak Bancshares Profile

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.