Allegiance Financial Group Advisory Services LLC Purchases 940 Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) by 17.5% during the 4th quarter, HoldingsChannel reports. The fund owned 6,313 shares of the bank’s stock after purchasing an additional 940 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in Live Oak Bancshares were worth $250,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOB. Quarry LP boosted its holdings in shares of Live Oak Bancshares by 98.6% in the third quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after purchasing an additional 354 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Live Oak Bancshares in the 4th quarter worth $71,000. Principal Securities Inc. boosted its position in shares of Live Oak Bancshares by 99.7% in the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after purchasing an additional 1,498 shares in the last quarter. New York State Teachers Retirement System raised its stake in Live Oak Bancshares by 161.4% in the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank’s stock worth $150,000 after acquiring an additional 1,954 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Live Oak Bancshares during the 3rd quarter valued at about $205,000. 63.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $44.00 price objective (down previously from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th.

Live Oak Bancshares Stock Performance

LOB stock opened at $31.58 on Thursday. The firm has a market cap of $1.43 billion, a PE ratio of 21.78 and a beta of 1.67. The firm’s 50 day moving average price is $36.88 and its 200-day moving average price is $42.13. Live Oak Bancshares, Inc. has a one year low of $31.03 and a one year high of $50.57.

Live Oak Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Tuesday, February 25th. Live Oak Bancshares’s payout ratio is presently 8.28%.

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.