Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,800 shares of the bank’s stock after selling 500 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Live Oak Bancshares were worth $506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Live Oak Bancshares by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock valued at $36,658,000 after buying an additional 13,824 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Live Oak Bancshares by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock valued at $3,888,000 after purchasing an additional 54,286 shares in the last quarter. Barclays PLC grew its position in shares of Live Oak Bancshares by 130.5% in the third quarter. Barclays PLC now owns 73,577 shares of the bank’s stock valued at $3,485,000 after purchasing an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Live Oak Bancshares during the third quarter worth about $364,000. Finally, Stifel Financial Corp increased its stake in shares of Live Oak Bancshares by 59.5% during the third quarter. Stifel Financial Corp now owns 19,720 shares of the bank’s stock worth $934,000 after purchasing an additional 7,357 shares in the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LOB. Truist Financial lowered their price objective on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Piper Sandler dropped their price target on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 price objective (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th.

Insiders Place Their Bets

In other news, CAO John W. Sutherland sold 12,588 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $49.00, for a total transaction of $616,812.00. Following the completion of the sale, the chief accounting officer now owns 14,015 shares in the company, valued at $686,735. This trade represents a 47.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.90% of the company’s stock.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock opened at $34.45 on Tuesday. Live Oak Bancshares, Inc. has a 1-year low of $31.03 and a 1-year high of $50.57. The stock has a market cap of $1.56 billion, a P/E ratio of 23.76 and a beta of 1.67. The stock’s 50 day simple moving average is $40.84 and its 200-day simple moving average is $43.13.

Live Oak Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Monday, December 2nd. Live Oak Bancshares’s payout ratio is currently 8.28%.

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.