2 weeks Ago By ABMN Staff
Legal & General Group Plc grew its stake in shares of Live Oak Bancshares, Inc. ( NASDAQ:LOB – Free Report ) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 38,627 shares of the bank’s stock after acquiring an additional 2,164 shares during the quarter. Legal & General Group Plc owned about 0.09% of Live Oak Bancshares worth $1,543,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in Live Oak Bancshares during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC purchased a new stake in shares of Live Oak Bancshares during the 4th quarter valued at about $71,000.
Principal Securities Inc. lifted its stake in shares of Live Oak Bancshares by 99.7% in the 4th quarter.
Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after purchasing an additional 1,498 shares during the period. Thoroughbred Financial Services LLC boosted its stake in shares of Live Oak Bancshares by 7.
8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after acquiring an additional 407 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Live Oak Bancshares by 7.
1% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after purchasing an additional 400 shares in the last quarter. 63.
95% of the stock is owned by hedge funds and other institutional investors. Live Oak Bancshares Stock Up 0.9 % NASDAQ LOB opened at $26.
64 on Friday. Live Oak Bancshares, Inc. has a twelve month low of $22.
68 and a twelve month high of $50.57. The business has a 50-day moving average price of $27.
35 and a 200-day moving average price of $36.92. The firm has a market cap of $1.
21 billion, a price-to-earnings ratio of 18.37 and a beta of 1.75.
Live Oak Bancshares Dividend Announcement Analysts Set New Price Targets LOB has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Live Oak Bancshares from $36.00 to $34.
00 and set a “market perform” rating on the stock in a research note on Friday. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 28th.
One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Live Oak Bancshares has an average rating of “Hold” and an average price target of $42.25.
Check Out Our Latest Stock Analysis on LOB Live Oak Bancshares Profile ( Free Report ) 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.
Further Reading Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter ..
