Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 7,429 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $26.92, for a total value of $199,988.68. Following the sale, the chief financial officer now directly owns 423,384 shares in the company, valued at $11,397,497.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
S. Brett Caines also recently made the following trade(s):
- On Wednesday, January 31st, S. Brett Caines sold 7,532 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.55, for a total value of $199,974.60.
Live Oak Bancshares Inc (NASDAQ:LOB) opened at $26.20 on Tuesday. The stock has a market capitalization of $1,180.00 and a PE ratio of 10.40. 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 Inc has a 12-month low of $20.40 and a 12-month high of $28.20.
Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.16. The business had revenue of $118.42 million for the quarter, compared to analysts’ expectations of $114.39 million. Live Oak Bancshares had a return on equity of 16.85% and a net margin of 36.36%. equities analysts anticipate that Live Oak Bancshares Inc will post 1.25 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in LOB. Emerald Advisers Inc. PA purchased a new position in Live Oak Bancshares in the third quarter worth about $9,573,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of Live Oak Bancshares by 159.9% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 602,548 shares of the bank’s stock worth $14,130,000 after buying an additional 370,698 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Live Oak Bancshares in the third quarter worth about $8,443,000. Stieven Capital Advisors L.P. bought a new position in shares of Live Oak Bancshares in the third quarter worth about $5,709,000. Finally, Jacobs Asset Management LLC bought a new position in shares of Live Oak Bancshares in the third quarter worth about $3,588,000. 41.00% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on LOB shares. TheStreet raised Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. BidaskClub raised Live Oak Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. SunTrust Banks reissued a “buy” rating and issued a $27.00 target price on shares of Live Oak Bancshares in a research report on Thursday, October 12th. Zacks Investment Research raised Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $30.00 target price on shares of Live Oak Bancshares in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.25.
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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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