13 hedge funds buy Live Oak Bancshares, Inc. (LOB) for the first time

Live Oak Bancshares, Inc. (NASDAQ:LOB) has made a 39.28% comeback from a 12-month low price of $19.35. It was seen 10.45% higher, changing the price to $26.95, when the closing bell rang on 01/25/2018. At recent session, the prices were hovering between $24.9 and $28.2. This company shares are 0.19% off its target price of $27 and the current market capitalization stands at $1.18B. The recent change has given its price a 10.73% lead over SMA 50 and 2.28% lead over its 52-week high. The stock witnessed 13% gains, 13.95% gains and 8.02% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LOB’s volatility during a week at 5.08% and during a month it has been found around 3.16%.

Live Oak Bancshares, Inc. (LOB) Top Holders

Institutional investors currently hold around $402 million or 41.8% in LOB stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $122.03 million in Live Oak Bancshares, Inc., which represents roughly 10.34% of the company’s market cap and approximately 30.36% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 1,218,524 shares of the stock are valued at $29.73 million. The third largest holder is Mendon Capital Advisors Corp, which currently holds $29.03 million worth of this stock and that ownership represents nearly 2.46% of its market capitalization.

Live Oak Bancshares, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 53 institutional holders increased their position in Live Oak Bancshares, Inc. (NASDAQ:LOB) by some 5,329,460 shares, 19 decreased positions by 264,636 and 16 held positions by 10,861,410. That puts total institutional holdings at 16,455,506 shares, according to SEC filings. The stock grabbed 13 new institutional investments totaling 3,291,951 shares while 9 institutional investors sold out their entire positions totaling 142,845 shares.

Live Oak Bancshares, Inc. (NASDAQ:LOB) Insider Trades

Multiple company employees have indulged in significant insider trading. Live Oak Bancshares, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hoffsis Glen F. has acquired 1,400 shares of Live Oak Bancshares, Inc. (LOB) in trading session dated Nov. 10, 2017. These shares are worth $32,900 and were traded at $23.5 each. The SEC filing shows that Glossman Diane Beth performed a purchase of 2,000 shares. The Director added these shares by way of transaction on Aug. 11, 2017. The company’s shares were assimilated at $23.07 per share worth to an investment of some $46,140 on account of Glossman Diane Beth.

Director, Glossman Diane Beth, purchased 4,000 common shares of Live Oak Bancshares, Inc. (LOB) in the open market. In a transaction dated May. 12, 2017, the shares were bought at an average price of $25.48, giving away a sum of $101,920. After this purchase, 23,000 common shares of LOB are directly owned by the insider, with total stake valued at $619,850.

In the transaction dated Feb. 02, 2017, the great number of shares acquired came courtesy the Director; Cameron William Henderson added a total of 10,000 shares at an average price of $20.3, amounting to approximately $203,000. The insider now directly owns 147,945 shares worth $3,987,118.

Live Oak Bancshares, Inc. (LOB) Analyst Guide

Several analysts have released their opinion on Live Oak Bancshares, Inc. (NASDAQ:LOB), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation.

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