Motley Fool Wealth Management LLC Has $7.15 Million Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Motley Fool Wealth Management LLC trimmed its position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,913 shares of the bank’s stock after selling 2,454 shares during the quarter. Motley Fool Wealth Management LLC owned 0.34% of Live Oak Bancshares worth $7,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in Live Oak Bancshares by 68.4% in the 2nd quarter. Quest Partners LLC now owns 2,026 shares of the bank’s stock valued at $71,000 after buying an additional 823 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Live Oak Bancshares by 87.5% during the 3rd quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Live Oak Bancshares by 1,885.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank’s stock worth $81,000 after purchasing an additional 2,206 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Live Oak Bancshares during the 1st quarter worth $129,000. Finally, New York State Teachers Retirement System grew its holdings in shares of Live Oak Bancshares by 161.4% during the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank’s stock worth $150,000 after purchasing an additional 1,954 shares in the last quarter. 63.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Live Oak Bancshares

In related news, Director William Henderson Cameron acquired 1,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $39.76 per share, for a total transaction of $39,760.00. Following the completion of the transaction, the director now directly owns 202,217 shares of the company’s stock, valued at $8,040,147.92. The trade was a 0.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO John W. Sutherland sold 12,588 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $49.00, for a total value of $616,812.00. Following the transaction, the chief accounting officer now owns 14,015 shares of the company’s stock, valued at $686,735. This trade represents a 47.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.90% of the company’s stock.

Live Oak Bancshares Stock Down 2.4 %

NASDAQ:LOB opened at $45.92 on Wednesday. The stock’s 50-day simple moving average is $46.22 and its 200 day simple moving average is $41.44. The firm has a market capitalization of $2.08 billion, a PE ratio of 28.88 and a beta of 1.66. Live Oak Bancshares, Inc. has a twelve month low of $31.03 and a twelve month high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The business had revenue of $241.87 million during the quarter, compared to analyst estimates of $126.63 million. Live Oak Bancshares had a net margin of 7.99% and a return on equity of 7.65%. During the same period last year, the business earned $0.88 earnings per share. On average, analysts anticipate that Live Oak Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.12 annualized dividend and a yield of 0.26%. Live Oak Bancshares’s dividend payout ratio is presently 7.55%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Piper Sandler reduced their target price on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Live Oak Bancshares currently has an average rating of “Hold” and an average price target of $45.50.

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.