Live Oak Bancshares Inc (NASDAQ:LOB) Director William Henderson Cameron bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $19.13 per share, for a total transaction of $47,825.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
William Henderson Cameron also recently made the following trade(s):
- On Wednesday, October 31st, William Henderson Cameron bought 2,500 shares of Live Oak Bancshares stock. The shares were acquired at an average cost of $18.42 per share, for a total transaction of $46,050.00.
Shares of LOB stock traded up $0.01 during trading on Tuesday, reaching $18.83. 149,586 shares of the company’s stock were exchanged, compared to its average volume of 154,047. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $755.78 million, a PE ratio of 15.06 and a beta of 0.80. Live Oak Bancshares Inc has a twelve month low of $18.15 and a twelve month high of $32.95.
Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, October 24th. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $52.06 million for the quarter, compared to analyst estimates of $58.79 million. Live Oak Bancshares had a return on equity of 13.50% and a net margin of 34.19%. As a group, sell-side analysts predict that Live Oak Bancshares Inc will post 1.34 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of LOB. BlackRock Inc. increased its holdings in shares of Live Oak Bancshares by 14.5% during the 2nd quarter. BlackRock Inc. now owns 1,608,387 shares of the bank’s stock worth $49,297,000 after acquiring an additional 204,144 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Live Oak Bancshares by 88.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 323,513 shares of the bank’s stock valued at $9,916,000 after buying an additional 152,183 shares in the last quarter. First Trust Advisors LP grew its holdings in Live Oak Bancshares by 292.7% in the 2nd quarter. First Trust Advisors LP now owns 162,060 shares of the bank’s stock valued at $4,967,000 after buying an additional 120,788 shares in the last quarter. Capital Impact Advisors LLC acquired a new position in Live Oak Bancshares in the 2nd quarter valued at $1,784,000. Finally, Chicago Equity Partners LLC acquired a new position in Live Oak Bancshares in the 2nd quarter valued at $1,449,000. 44.41% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on LOB. BidaskClub lowered Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Zacks Investment Research lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. Sandler O’Neill lowered Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Monday, July 9th. They noted that the move was a valuation call. ValuEngine lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Finally, SunTrust Banks decreased their target price on Live Oak Bancshares from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.00.
COPYRIGHT VIOLATION WARNING: “William Henderson Cameron Acquires 2,500 Shares of Live Oak Bancshares Inc (LOB) Stock” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/11/06/william-henderson-cameron-acquires-2500-shares-of-live-oak-bancshares-inc-lob-stock.html.
About Live Oak Bancshares
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.
See Also: What is a bull market?
Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.