Pathfinder Wealth Consulting Inc. Takes Position in Live Oak Bancshares, Inc. $LOB

Pathfinder Wealth Consulting Inc. bought a new stake in shares of Live Oak Bancshares, Inc. (NYSE:LOB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 83,327 shares of the company’s stock, valued at approximately $2,862,000. Live Oak Bancshares makes up approximately 1.8% of Pathfinder Wealth Consulting Inc.’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Live Oak Bancshares by 157.4% during the 4th quarter. Larson Financial Group LLC now owns 1,480 shares of the company’s stock valued at $51,000 after purchasing an additional 905 shares during the period. ProShare Advisors LLC lifted its position in shares of Live Oak Bancshares by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,467 shares of the company’s stock worth $222,000 after purchasing an additional 418 shares during the period. NewEdge Wealth LLC purchased a new stake in shares of Live Oak Bancshares in the 4th quarter worth about $43,261,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Live Oak Bancshares during the 4th quarter valued at about $298,000. Finally, Truist Financial Corp increased its position in shares of Live Oak Bancshares by 4.9% during the fourth quarter. Truist Financial Corp now owns 23,541 shares of the company’s stock valued at $751,000 after buying an additional 1,109 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Insider Buying and Selling at Live Oak Bancshares

In other Live Oak Bancshares news, insider Renato Derraik sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $37.83, for a total transaction of $2,837,250.00. Following the completion of the transaction, the insider owned 4,243 shares of the company’s stock, valued at approximately $160,512.69. This trade represents a 94.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Gregory W. Seward sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $36.70, for a total transaction of $110,100.00. Following the transaction, the general counsel directly owned 113,797 shares of the company’s stock, valued at $4,176,349.90. This represents a 2.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 82,712 shares of company stock valued at $3,119,715. Corporate insiders own 22.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LOB has been the subject of a number of research reports. TD Cowen decreased their price target on shares of Live Oak Bancshares from $51.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Zacks Research upgraded Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Piper Sandler increased their target price on Live Oak Bancshares from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods lowered their target price on Live Oak Bancshares from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded Live Oak Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Live Oak Bancshares has a consensus rating of “Hold” and a consensus price target of $44.40.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock opened at $37.26 on Friday. Live Oak Bancshares, Inc. has a 1 year low of $26.19 and a 1 year high of $42.89. The company has a 50-day moving average of $35.31 and a 200 day moving average of $35.63. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 14.27 and a beta of 1.92.

Live Oak Bancshares (NYSE:LOB) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Live Oak Bancshares had a net margin of 11.79% and a return on equity of 11.18%. The business had revenue of $145.47 million for the quarter, compared to analysts’ expectations of $146.02 million. On average, equities analysts anticipate that Live Oak Bancshares, Inc. will post 2.95 EPS for the current year.

Live Oak Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 4.60%.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.