Loomis Sayles & Co. L P Has $9.29 Million Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Loomis Sayles & Co. L P lifted its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,818 shares of the bank’s stock after purchasing an additional 13,555 shares during the period. Loomis Sayles & Co. L P’s holdings in Live Oak Bancshares were worth $9,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Live Oak Bancshares in the fourth quarter worth about $5,277,000. State Street Corp lifted its holdings in Live Oak Bancshares by 13.4% in the 3rd quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock worth $52,553,000 after purchasing an additional 131,343 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Live Oak Bancshares by 82.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 185,309 shares of the bank’s stock worth $8,778,000 after purchasing an additional 83,639 shares during the period. one8zero8 LLC bought a new stake in Live Oak Bancshares during the fourth quarter worth approximately $2,689,000. Finally, JPMorgan Chase & Co. boosted its position in Live Oak Bancshares by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after purchasing an additional 54,286 shares during the period. 63.95% of the stock is currently owned by institutional investors.

Live Oak Bancshares Trading Down 4.1 %

LOB opened at $26.55 on Friday. The business has a 50 day moving average of $32.26 and a 200-day moving average of $40.16. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.31 and a beta of 1.69. Live Oak Bancshares, Inc. has a 1-year low of $26.34 and a 1-year high of $50.57.

Live Oak Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Tuesday, February 25th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOB. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. StockNews.com lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.75.

Live Oak Bancshares 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.