Live Oak Bancshares, Inc. (NASDAQ:LOB) posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14, Bloomberg Earnings reports. Live Oak Bancshares had a return on equity of 13.60% and a net margin of 17.68%. The company had revenue of $46.09 million for the quarter, compared to the consensus estimate of $42.56 million.
Shares of Live Oak Bancshares (NASDAQ LOB) traded down $0.30 on Friday, reaching $23.05. The company’s stock had a trading volume of 231,700 shares, compared to its average volume of 103,194. The company has a market cap of $809.38, a price-to-earnings ratio of 24.32 and a beta of -0.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.68. Live Oak Bancshares has a 52-week low of $16.60 and a 52-week high of $26.05.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.52%. Live Oak Bancshares’s dividend payout ratio is 12.90%.
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A number of brokerages have recently issued reports on LOB. Sandler O’Neill raised Live Oak Bancshares from a “hold” rating to a “buy” rating and cut their target price for the stock from $25.00 to $24.00 in a research report on Wednesday, September 6th. BidaskClub lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $27.00 price target on shares of Live Oak Bancshares in a research note on Thursday, October 12th. Zacks Investment Research downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, TheStreet upgraded Live Oak Bancshares from a “c” rating to a “b-” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Live Oak Bancshares presently has an average rating of “Hold” and an average price target of $26.50.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).
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