Campbell & CO Investment Adviser LLC Takes $820,000 Position in Live Oak Bancshares, Inc. (NASDAQ:LOB)

Campbell & CO Investment Adviser LLC acquired a new position in shares of Live Oak Bancshares, Inc. (NASDAQ:LOBFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,316 shares of the bank’s stock, valued at approximately $820,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Live Oak Bancshares by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 256,252 shares of the bank’s stock worth $7,418,000 after acquiring an additional 6,066 shares during the period. Swiss National Bank grew its position in Live Oak Bancshares by 1.1% in the 3rd quarter. Swiss National Bank now owns 73,100 shares of the bank’s stock worth $2,116,000 after purchasing an additional 800 shares during the last quarter. Trillium Asset Management LLC grew its position in Live Oak Bancshares by 17.7% in the 3rd quarter. Trillium Asset Management LLC now owns 57,560 shares of the bank’s stock worth $1,666,000 after purchasing an additional 8,648 shares during the last quarter. Quantbot Technologies LP grew its position in Live Oak Bancshares by 45.8% in the 3rd quarter. Quantbot Technologies LP now owns 7,637 shares of the bank’s stock worth $221,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Versor Investments LP grew its position in Live Oak Bancshares by 45.1% in the 3rd quarter. Versor Investments LP now owns 15,065 shares of the bank’s stock worth $436,000 after purchasing an additional 4,682 shares during the last quarter. Institutional investors and hedge funds own 62.12% of the company’s stock.

Live Oak Bancshares Price Performance

Live Oak Bancshares stock opened at $38.67 on Friday. The firm has a 50 day simple moving average of $40.82 and a 200-day simple moving average of $34.96. The stock has a market capitalization of $1.72 billion, a PE ratio of 23.58 and a beta of 1.61. Live Oak Bancshares, Inc. has a 12-month low of $17.31 and a 12-month high of $47.22.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Monday, November 27th. Live Oak Bancshares’s payout ratio is 7.32%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Live Oak Bancshares from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Truist Financial decreased their target price on shares of Live Oak Bancshares from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, January 30th. StockNews.com cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, TheStreet cut shares of Live Oak Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.50.

Get Our Latest Report on LOB

Insider Buying and Selling

In related news, CAO John W. Sutherland sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $33.49, for a total transaction of $669,800.00. Following the completion of the sale, the chief accounting officer now directly owns 56,269 shares in the company, valued at $1,884,448.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Steve Smits sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $36.25, for a total transaction of $362,500.00. Following the completion of the sale, the insider now directly owns 145,751 shares in the company, valued at $5,283,473.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO John W. Sutherland sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $33.49, for a total transaction of $669,800.00. Following the completion of the sale, the chief accounting officer now owns 56,269 shares of the company’s stock, valued at approximately $1,884,448.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock worth $1,566,600. Corporate insiders own 24.90% of the company’s stock.

About Live Oak Bancshares

(Free Report)

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. It operates in two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, certificate of deposits, savings, and time deposits.

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

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