Live Oak Bancshares (NASDAQ:LOB) Reaches New 1-Year Low – Should You Sell?

Live Oak Bancshares, Inc. (NASDAQ:LOB) shares reached a new 52-week low during trading on Monday . The stock traded as low as $28.26 and last traded at $28.55, with a volume of 2663 shares trading hands. The stock had previously closed at $28.96.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $44.00 price target (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.

Live Oak Bancshares Trading Down 1.1 %

The stock has a market capitalization of $1.25 billion, a PE ratio of 19.10 and a beta of 1.69. The firm has a 50 day moving average of $35.41 and a two-hundred day moving average of $41.59.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s payout ratio is currently 8.28%.

Hedge Funds Weigh In On Live Oak Bancshares

Hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new position in Live Oak Bancshares in the 4th quarter valued at approximately $27,000. Quarry LP increased its position in Live Oak Bancshares by 98.6% during the third quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after buying an additional 354 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Live Oak Bancshares during the fourth quarter worth $71,000. Principal Securities Inc. increased its position in 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. Finally, Entropy Technologies LP purchased a new position in Live Oak Bancshares during the third quarter worth $205,000. 63.95% of the stock is owned by hedge funds and other institutional investors.

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.