Swiss National Bank increased its holdings in Live Oak Bancshares Inc (NASDAQ:LOB) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,300 shares of the bank’s stock after acquiring an additional 1,000 shares during the period. Swiss National Bank owned about 0.12% of Live Oak Bancshares worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Live Oak Bancshares by 58,766.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,298 shares of the bank’s stock valued at $77,000 after buying an additional 5,289 shares during the last quarter. Aperio Group LLC purchased a new stake in Live Oak Bancshares in the 2nd quarter valued at about $156,000. Group One Trading L.P. purchased a new stake in Live Oak Bancshares in the 1st quarter valued at about $200,000. Bank of America Corp DE increased its stake in Live Oak Bancshares by 18.6% in the 4th quarter. Bank of America Corp DE now owns 49,197 shares of the bank’s stock valued at $728,000 after buying an additional 7,708 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Live Oak Bancshares by 11.1% in the 4th quarter. Deutsche Bank AG now owns 58,345 shares of the bank’s stock valued at $862,000 after buying an additional 5,813 shares during the last quarter. Institutional investors own 43.16% of the company’s stock.

NASDAQ:LOB traded up $0.31 during trading hours on Friday, reaching $19.49. The company’s stock had a trading volume of 39,708 shares, compared to its average volume of 101,396. The firm has a market capitalization of $753.16 million, a price-to-earnings ratio of 14.77 and a beta of 1.07. The firm has a 50-day simple moving average of $18.31 and a 200-day simple moving average of $16.73. Live Oak Bancshares Inc has a 1 year low of $13.09 and a 1 year high of $29.40.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $48.64 million for the quarter, compared to analyst estimates of $48.56 million. Live Oak Bancshares had a net margin of 12.24% and a return on equity of 7.11%. Research analysts expect that Live Oak Bancshares Inc will post 0.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Monday, September 9th. Live Oak Bancshares’s payout ratio is 9.09%.

LOB has been the subject of a number of research reports. Zacks Investment Research raised shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Wednesday, July 31st. ValuEngine raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. BidaskClub downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, TheStreet downgraded shares of Live Oak Bancshares from a “b” rating to a “c+” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Live Oak Bancshares presently has a consensus rating of “Buy” and a consensus target price of $18.67.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.

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Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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