Live Oak Bancshares Inc (LOB) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Live Oak Bancshares Inc (NASDAQ:LOB) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,798 shares of the bank’s stock after acquiring an additional 14,972 shares during the period. Bank of New York Mellon Corp owned approximately 0.33% of Live Oak Bancshares worth $3,167,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LOB. TD Asset Management Inc. boosted its stake in shares of Live Oak Bancshares by 29.9% in the third quarter. TD Asset Management Inc. now owns 33,014 shares of the bank’s stock valued at $774,000 after buying an additional 7,600 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Live Oak Bancshares by 31.3% in the third quarter. Wells Fargo & Company MN now owns 29,971 shares of the bank’s stock valued at $703,000 after buying an additional 7,136 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Live Oak Bancshares by 46.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 117,663 shares of the bank’s stock valued at $2,760,000 after buying an additional 37,085 shares during the period. California Public Employees Retirement System boosted its stake in shares of Live Oak Bancshares by 28.5% in the third quarter. California Public Employees Retirement System now owns 20,694 shares of the bank’s stock valued at $485,000 after buying an additional 4,594 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Live Oak Bancshares in the third quarter valued at approximately $506,000. Institutional investors own 40.36% of the company’s stock.

Shares of LOB stock opened at $29.05 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.72. Live Oak Bancshares Inc has a 1 year low of $20.75 and a 1 year high of $30.05. The company has a market capitalization of $1,020.85, a P/E ratio of 23.24 and a beta of 0.16.



Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. Live Oak Bancshares had a return on equity of 14.71% and a net margin of 36.36%. The firm had revenue of $118.42 million during the quarter, compared to analysts’ expectations of $114.39 million. analysts predict that Live Oak Bancshares Inc will post 1.25 earnings per share for the current year.

In other Live Oak Bancshares news, CFO S. Brett Caines sold 7,263 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $27.53, for a total transaction of $199,950.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 93,914 shares of company stock valued at $2,499,843 over the last 90 days. Corporate insiders own 30.10% of the company’s stock.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. TheStreet upgraded Live Oak Bancshares from a “c” rating to a “b” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, January 30th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $31.00 price target on shares of Live Oak Bancshares in a research note on Wednesday, March 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.50.

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About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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