Motley Fool Wealth Management LLC Sells 90,190 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Motley Fool Wealth Management LLC reduced its stake in Live Oak Bancshares, Inc. (NASDAQ:LOB) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,429 shares of the bank’s stock after selling 90,190 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.34% of Live Oak Bancshares worth $6,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Trust Co of the South bought a new stake in Live Oak Bancshares during the 4th quarter worth approximately $15,042,000. CenterBook Partners LP grew its position in Live Oak Bancshares by 41.3% during the 3rd quarter. CenterBook Partners LP now owns 137,966 shares of the bank’s stock worth $3,994,000 after acquiring an additional 40,343 shares during the last quarter. Chatham Capital Group Inc. bought a new stake in Live Oak Bancshares during the 3rd quarter worth approximately $1,162,000. Jupiter Asset Management Ltd. bought a new stake in Live Oak Bancshares during the 3rd quarter worth approximately $994,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Live Oak Bancshares during the 3rd quarter worth approximately $820,000. 63.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Live Oak Bancshares news, insider Micah S. Davis sold 8,613 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $39.87, for a total transaction of $343,400.31. Following the completion of the sale, the insider now directly owns 43,864 shares in the company, valued at $1,748,857.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Micah S. Davis sold 8,613 shares of Live Oak Bancshares stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $39.87, for a total value of $343,400.31. Following the completion of the sale, the insider now directly owns 43,864 shares in the company, valued at $1,748,857.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Miltom Emmett Petty sold 10,000 shares of Live Oak Bancshares stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $39.73, for a total transaction of $397,300.00. Following the completion of the sale, the director now owns 121,941 shares of the company’s stock, valued at $4,844,715.93. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on LOB shares. TheStreet lowered Live Oak Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Truist Financial decreased their price objective on Live Oak Bancshares from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price objective (down from $45.00) on shares of Live Oak Bancshares in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Live Oak Bancshares Price Performance

LOB stock traded down $1.10 during trading hours on Friday, reaching $33.18. 356,577 shares of the stock were exchanged, compared to its average volume of 146,885. The firm’s 50-day moving average is $39.11 and its 200-day moving average is $37.39. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 16.67 and a beta of 1.60. Live Oak Bancshares, Inc. has a 12 month low of $19.53 and a 12 month high of $47.22.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.20). The company had revenue of $119.68 million during the quarter, compared to the consensus estimate of $119.36 million. Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.45%. As a group, equities research analysts forecast that Live Oak Bancshares, Inc. will post 2.22 earnings per share for the current year.

Live Oak Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Monday, February 26th. Live Oak Bancshares’s payout ratio is currently 6.03%.

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.