6 days Ago By ABMN Staff
Federated Hermes Inc. grew its stake in shares of Live Oak Bancshares, Inc. ( NASDAQ:LOB – Free Report ) by 2.
8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,931 shares of the bank’s stock after buying an additional 1,093 shares during the period. Federated Hermes Inc.
owned 0.09% of Live Oak Bancshares worth $1,579,000 at the end of the most recent reporting period. Other institutional investors also recently made changes to their positions in the company.
Geode Capital Management LLC boosted its position in Live Oak Bancshares by 1.8% during the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock worth $36,658,000 after acquiring an additional 13,824 shares during the last quarter.
JPMorgan Chase & Co. boosted its holdings in shares of Live Oak Bancshares by 195.3% during the third quarter.
JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock worth $3,888,000 after purchasing an additional 54,286 shares during the last quarter. Barclays PLC increased its stake in 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 last quarter. HighTower Advisors LLC purchased a new stake in Live Oak Bancshares in the 3rd quarter valued at about $364,000.
Finally, Victory Capital Management Inc. increased its stake in shares of Live Oak Bancshares by 44.3% during the 4th quarter.
Victory Capital Management Inc. now owns 46,527 shares of the bank’s stock valued at $1,840,000 after acquiring an additional 14,293 shares during the last quarter. 63.
95% of the stock is owned by institutional investors and hedge funds. Live Oak Bancshares Stock Up 0.1 % Live Oak Bancshares stock opened at $23.
50 on Tuesday. The firm has a fifty day moving average of $29.16 and a 200-day moving average of $38.
16. Live Oak Bancshares, Inc. has a 52-week low of $22.
68 and a 52-week high of $50.57. The firm has a market capitalization of $1.
07 billion, a P/E ratio of 16.21 and a beta of 1.75.
Live Oak Bancshares Announces Dividend Wall Street Analysts Forecast Growth LOB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $44.00 target price (down from $48.
00) on shares of Live Oak Bancshares in a report on Friday, January 24th. StockNews.com downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 28th.
One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.75.
View Our Latest 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.
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