Tudor Investment Corp ET AL Lowers Stock Holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Tudor Investment Corp ET AL cut its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 53.7% during the fourth quarter, Holdings Channel reports. The firm owned 61,280 shares of the bank’s stock after selling 71,157 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Live Oak Bancshares were worth $2,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in Live Oak Bancshares during the 4th quarter worth $27,000. Venturi Wealth Management LLC purchased a new position in shares of Live Oak Bancshares in the 4th quarter valued at about $71,000. Principal Securities Inc. grew its position in shares of Live Oak Bancshares by 99.7% during the fourth quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after buying an additional 1,498 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of Live Oak Bancshares during the third quarter worth approximately $261,000. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Live Oak Bancshares by 7.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after buying an additional 407 shares during the period. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Live Oak Bancshares Trading Up 2.2 %

LOB stock opened at $27.26 on Friday. The company’s 50 day moving average is $26.78 and its two-hundred day moving average is $36.12. Live Oak Bancshares, Inc. has a twelve month low of $22.68 and a twelve month high of $50.57. The stock has a market cap of $1.24 billion, a P/E ratio of 18.80 and a beta of 1.84.

Live Oak Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s payout ratio is currently 9.23%.

Wall Street Analysts Forecast Growth

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

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.