Media coverage about Live Oak Bancshares (NASDAQ:LOB) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Live Oak Bancshares earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.5419800183689 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms have recently commented on LOB. BidaskClub cut Live Oak Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research cut Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. TheStreet upgraded Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods began coverage on Live Oak Bancshares in a research report on Monday, October 16th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, SunTrust Banks reiterated a “buy” rating and set a $27.00 target price on shares of Live Oak Bancshares in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.50.
Live Oak Bancshares (LOB) opened at $24.50 on Thursday. The stock has a market capitalization of $1,080.00 and a PE ratio of 26.34. Live Oak Bancshares has a 52-week low of $18.00 and a 52-week high of $26.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.70.
Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $46.09 million for the quarter, compared to analysts’ expectations of $42.56 million. Live Oak Bancshares had a return on equity of 13.60% and a net margin of 17.68%. equities analysts expect that Live Oak Bancshares will post 1.07 earnings per share for the current fiscal year.
In related news, Director Glen F. Hoffsis purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $23.50 per share, for a total transaction of $32,900.00. Following the transaction, the director now directly owns 85,382 shares of the company’s stock, valued at approximately $2,006,477. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 30.10% of the company’s stock.
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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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