Chatham Capital Group Inc. Buys 5,045 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Chatham Capital Group Inc. lifted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 13.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,080 shares of the bank’s stock after acquiring an additional 5,045 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.10% of Live Oak Bancshares worth $1,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LOB. Riverview Trust Co bought a new position in Live Oak Bancshares in the 1st quarter worth approximately $28,000. Independence Bank of Kentucky purchased a new stake in shares of Live Oak Bancshares during the 1st quarter worth approximately $44,000. Blue Trust Inc. raised its holdings in shares of Live Oak Bancshares by 1,127.6% during the 4th quarter. Blue Trust Inc. now owns 2,136 shares of the bank’s stock worth $97,000 after acquiring an additional 1,962 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Live Oak Bancshares by 34.8% during the 4th quarter. Toth Financial Advisory Corp now owns 3,000 shares of the bank’s stock worth $136,000 after acquiring an additional 775 shares in the last quarter. Finally, Edge Capital Group LLC purchased a new stake in shares of Live Oak Bancshares during the 4th quarter worth approximately $201,000. 63.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Live Oak Bancshares

In other news, Director Tonya Williams Bradford sold 2,600 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $35.97, for a total transaction of $93,522.00. Following the transaction, the director now owns 5,870 shares of the company’s stock, valued at approximately $211,143.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.90% of the stock is currently owned by corporate insiders.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock traded up $1.22 during mid-day trading on Friday, hitting $35.06. The company’s stock had a trading volume of 1,434,251 shares, compared to its average volume of 156,877. The company has a 50 day moving average of $34.32 and a 200-day moving average of $38.26. The stock has a market cap of $1.58 billion, a PE ratio of 17.62 and a beta of 1.62. Live Oak Bancshares, Inc. has a one year low of $25.25 and a one year high of $47.22.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.36 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.12). The business had revenue of $116.21 million during the quarter, compared to the consensus estimate of $118.89 million. Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.25%. On average, equities research analysts forecast that Live Oak Bancshares, Inc. will post 1.94 EPS for the current fiscal year.

Live Oak Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Tuesday, June 4th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 6.03%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Live Oak Bancshares from $46.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price objective (down from $45.00) on shares of Live Oak Bancshares in a report on Friday, April 26th. Finally, Truist Financial decreased their price target on Live Oak Bancshares from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.25.

About Live Oak Bancshares

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.