Shares of Live Oak Bancshares Inc (NASDAQ:LOB) have earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.25.
A number of research analysts recently weighed in on LOB shares. Zacks Investment Research downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. BidaskClub downgraded Live Oak Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $30.00 price objective on shares of Live Oak Bancshares in a research note on Thursday, January 25th.
In other Live Oak Bancshares news, CFO S. Brett Caines sold 7,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.91, for a total value of $200,022.03. Following the sale, the chief financial officer now owns 389,020 shares of the company’s stock, valued at approximately $10,468,528.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 45,408 shares of company stock worth $1,199,923 in the last ninety days. Insiders own 30.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new stake in shares of Live Oak Bancshares during the 3rd quarter worth approximately $183,000. Teacher Retirement System of Texas acquired a new stake in shares of Live Oak Bancshares during the 4th quarter worth approximately $222,000. MetLife Investment Advisors LLC acquired a new stake in shares of Live Oak Bancshares during the 4th quarter worth approximately $248,000. BB&T Securities LLC acquired a new stake in shares of Live Oak Bancshares during the 4th quarter worth approximately $277,000. Finally, Voya Investment Management LLC grew its holdings in shares of Live Oak Bancshares by 12.5% during the 2nd quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock worth $283,000 after purchasing an additional 1,303 shares in the last quarter. 41.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Live Oak Bancshares (NASDAQ:LOB) traded down $0.40 during mid-day trading on Friday, hitting $26.60. The company had a trading volume of 68,000 shares, compared to its average volume of 115,495. 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 has a 1-year low of $20.40 and a 1-year high of $28.20. The company has a market cap of $1,060.00 and a P/E ratio of 10.56.
Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.16. Live Oak Bancshares had a return on equity of 16.85% and a net margin of 36.36%. The business had revenue of $118.42 million for the quarter, compared to the consensus estimate of $114.39 million. sell-side analysts predict that Live Oak Bancshares will post 1.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 23rd. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 4.76%.
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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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