Live Oak Bank (NASDAQ:LOB) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 24th. Analysts expect Live Oak Bank to post earnings of $0.25 per share for the quarter.
Live Oak Bank (NASDAQ:LOB) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. Live Oak Bank had a net margin of 36.36% and a return on equity of 14.71%. The company had revenue of $118.42 million for the quarter, compared to the consensus estimate of $114.39 million. On average, analysts expect Live Oak Bank to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ LOB opened at $28.75 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. Live Oak Bank has a 52 week low of $20.75 and a 52 week high of $30.05. The firm has a market capitalization of $1,010.25, a P/E ratio of 23.00 and a beta of 0.16.
Several brokerages recently commented on LOB. BidaskClub raised shares of Live Oak Bank from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research downgraded shares of Live Oak Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Sandler O’Neill reissued a “buy” rating and set a $31.00 price objective on shares of Live Oak Bank in a research report on Wednesday, March 28th. Finally, TheStreet raised shares of Live Oak Bank from a “c” rating to a “b” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.50.
In other Live Oak Bank news, CFO S. Brett Caines sold 7,429 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $26.92, for a total transaction of $199,988.68. Following the transaction, the chief financial officer now directly owns 423,384 shares of the company’s stock, valued at approximately $11,397,497.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 93,914 shares of company stock worth $2,499,843. Insiders own 25.70% of the company’s stock.
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Live Oak Bank Company Profile
Live Oak Bancshares, Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.
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