Watchman Group Inc. Has $3.26 Million Stock Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Watchman Group Inc. lowered its holdings in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,526 shares of the bank’s stock after selling 1,559 shares during the quarter. Watchman Group Inc.’s holdings in Live Oak Bancshares were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Live Oak Bancshares by 1.8% during the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock worth $36,658,000 after acquiring an additional 13,824 shares during the period. JPMorgan Chase & Co. increased its position in shares of Live Oak Bancshares by 195.3% during the 3rd 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 in the last quarter. Barclays PLC increased its position in Live Oak Bancshares by 130.5% in the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank’s stock valued at $3,485,000 after acquiring an additional 41,662 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Live Oak Bancshares in the third quarter worth about $364,000. Finally, Victory Capital Management Inc. grew its holdings in Live Oak Bancshares by 44.3% during the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock worth $1,840,000 after acquiring an additional 14,293 shares during the period. Institutional investors and hedge funds own 63.95% of the company’s stock.

Live Oak Bancshares Trading Down 4.1 %

NASDAQ LOB opened at $26.55 on Friday. The company has a market cap 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. The company has a 50 day moving average of $32.26 and a 200-day moving average of $40.16.

Live Oak Bancshares Announces Dividend

The business 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. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 8.28%.

Wall Street Analyst Weigh In

LOB has been the topic of several recent analyst reports. StockNews.com lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Live Oak Bancshares currently has a consensus rating of “Hold” and a consensus target price of $44.75.

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.