TD Asset Management Inc. Has $567,000 Stock Holdings in Live Oak Bancshares Inc (NASDAQ:LOB)

TD Asset Management Inc. cut its position in shares of Live Oak Bancshares Inc (NASDAQ:LOB) by 6.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,834 shares of the bank’s stock after selling 2,700 shares during the quarter. TD Asset Management Inc. owned 0.10% of Live Oak Bancshares worth $567,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Live Oak Bancshares by 4.4% during the fourth quarter. BlackRock Inc. now owns 1,760,980 shares of the bank’s stock valued at $26,080,000 after acquiring an additional 74,579 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Live Oak Bancshares by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,172,896 shares of the bank’s stock valued at $31,435,000 after acquiring an additional 15,592 shares during the period. Mendon Capital Advisors Corp raised its holdings in shares of Live Oak Bancshares by 17.9% in the fourth quarter. Mendon Capital Advisors Corp now owns 1,047,480 shares of the bank’s stock valued at $15,513,000 after buying an additional 158,986 shares during the last quarter. RMB Capital Management LLC raised its holdings in shares of Live Oak Bancshares by 50.6% in the fourth quarter. RMB Capital Management LLC now owns 674,660 shares of the bank’s stock valued at $9,992,000 after buying an additional 226,735 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Live Oak Bancshares by 35.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 600,109 shares of the bank’s stock valued at $8,888,000 after buying an additional 157,864 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Shares of Live Oak Bancshares stock traded down $0.01 during trading on Monday, hitting $17.14. 98,900 shares of the company were exchanged, compared to its average volume of 199,263. The company has a market capitalization of $689.14 million, a price-to-earnings ratio of 12.98 and a beta of 1.04. Live Oak Bancshares Inc has a 1-year low of $13.09 and a 1-year high of $32.95. The stock has a fifty day moving average price of $16.46.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, April 24th. The bank reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The company had revenue of $43.63 million during the quarter, compared to analyst estimates of $42.99 million. Live Oak Bancshares had a return on equity of 9.15% and a net margin of 15.69%. As a group, research analysts expect that Live Oak Bancshares Inc will post 0.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. Live Oak Bancshares’s dividend payout ratio is presently 9.09%.

A number of research analysts recently issued reports on LOB shares. BidaskClub raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.50.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.

Further Reading: Price-Sales Ratio

Institutional Ownership by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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