Live Oak Bancshares Inc (LOB) CFO S. Brett Caines Sells 3,746 Shares of Stock

Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 3,746 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $26.70, for a total transaction of $100,018.20. Following the completion of the transaction, the chief financial officer now owns 381,589 shares of the company’s stock, valued at approximately $10,188,426.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

S. Brett Caines also recently made the following trade(s):

  • On Thursday, February 15th, S. Brett Caines sold 7,433 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.91, for a total transaction of $200,022.03.
  • On Tuesday, February 13th, S. Brett Caines sold 7,681 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.03, for a total transaction of $199,936.43.
  • On Thursday, February 8th, S. Brett Caines sold 7,740 shares of Live Oak Bancshares stock. The shares were sold at an average price of $25.84, for a total transaction of $200,001.60.
  • On Tuesday, February 6th, S. Brett Caines sold 7,593 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.34, for a total transaction of $199,999.62.
  • On Friday, February 2nd, S. Brett Caines sold 7,429 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.92, for a total transaction of $199,988.68.
  • 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 transaction of $199,974.60.

Live Oak Bancshares Inc (NASDAQ LOB) traded down $0.40 during midday trading on Wednesday, reaching $26.60. 68,000 shares of the company’s stock traded hands, compared to its average volume of 116,909. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 0.07. Live Oak Bancshares Inc has a one year low of $20.40 and a one year high of $28.20. The firm has a market capitalization of $1,060.00 and a P/E ratio of 10.56.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 16.85%. The business had revenue of $118.42 million during the quarter, compared to analysts’ expectations of $114.39 million. sell-side analysts anticipate that Live Oak Bancshares Inc will post 1.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. Live Oak Bancshares’s payout ratio is 4.76%.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Live Oak Bancshares in the third quarter valued at about $183,000. Teacher Retirement System of Texas purchased a new stake in shares of Live Oak Bancshares in the fourth quarter valued at about $222,000. MetLife Investment Advisors LLC purchased a new stake in shares of Live Oak Bancshares in the fourth quarter valued at about $248,000. BB&T Securities LLC purchased a new stake in shares of Live Oak Bancshares in the fourth quarter valued at about $277,000. Finally, Voya Investment Management LLC raised its holdings in shares of Live Oak Bancshares by 12.5% in the second quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock valued at $283,000 after buying an additional 1,303 shares during the last quarter. 41.34% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 30th. BidaskClub downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Sandler O’Neill restated a “buy” rating and issued a $30.00 price objective on shares of Live Oak Bancshares in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Live Oak Bancshares presently has an average rating of “Hold” and an average price target 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).

Insider Buying and Selling by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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