News articles about Live Oak Bancshares (NASDAQ:LOB) have trended somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Oak Bancshares earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.5419800183689 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Live Oak Bancshares (NASDAQ:LOB) opened at $24.25 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05. Live Oak Bancshares has a 12-month low of $18.35 and a 12-month high of $26.35. The firm has a market cap of $965.00, a price-to-earnings ratio of 26.08 and a beta of -0.03.
Live Oak Bancshares (NASDAQ:LOB) last issued its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Live Oak Bancshares had a net margin of 17.68% and a return on equity of 13.60%. The firm had revenue of $46.09 million during the quarter, compared to analyst estimates of $42.56 million. analysts expect that Live Oak Bancshares will post 1.07 EPS for the current year.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. TheStreet upgraded shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods started coverage on shares of Live Oak Bancshares in a research report on Monday, October 16th. They set a “market perform” rating and a $26.00 target price for the company. Finally, SunTrust Banks restated 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 analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Live Oak Bancshares has a consensus rating of “Hold” and an average price target of $26.50.
In related news, Director Glen F. Hoffsis bought 1,400 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $23.50 per share, for a total transaction of $32,900.00. Following the completion of the transaction, the director now owns 85,382 shares in the company, valued at $2,006,477. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 30.10% of the stock is currently owned by corporate insiders.
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About Live Oak Bancshares
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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