Benjamin Edwards Inc. Boosts Stake in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Benjamin Edwards Inc. lifted its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 29.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,038 shares of the bank’s stock after purchasing an additional 2,522 shares during the quarter. Benjamin Edwards Inc.’s holdings in Live Oak Bancshares were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LOB. GAMMA Investing LLC raised its stake in shares of Live Oak Bancshares by 4,595.5% in the first quarter. GAMMA Investing LLC now owns 9,438 shares of the bank’s stock worth $252,000 after purchasing an additional 9,237 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Live Oak Bancshares by 17.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,860 shares of the bank’s stock valued at $316,000 after acquiring an additional 1,740 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Live Oak Bancshares during the fourth quarter valued at $346,000. ProShare Advisors LLC increased its position in Live Oak Bancshares by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 9,766 shares of the bank’s stock valued at $386,000 after acquiring an additional 3,214 shares during the last quarter. Finally, LPL Financial LLC increased its position in Live Oak Bancshares by 7.9% during the fourth quarter. LPL Financial LLC now owns 10,326 shares of the bank’s stock valued at $408,000 after acquiring an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock opened at $34.50 on Friday. The stock has a market cap of $1.57 billion, a PE ratio of 23.79 and a beta of 1.82. Live Oak Bancshares, Inc. has a one year low of $22.68 and a one year high of $50.57. The stock has a fifty day moving average of $31.13 and a 200 day moving average of $29.45.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a $0.03 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Live Oak Bancshares’s dividend payout ratio is presently 9.84%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $37.00 price objective (up previously from $36.00) on shares of Live Oak Bancshares in a research report on Friday, July 25th.

Live Oak Bancshares Company 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.