Live Oak Bancshares (LOB) Scheduled to Post Quarterly Earnings on Wednesday

Live Oak Bancshares (NASDAQ:LOB) is set to issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, April 24th. The bank reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.12). The business had revenue of $116.21 million for the quarter, compared to analyst estimates of $118.89 million. Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.25%. On average, analysts expect Live Oak Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock opened at $43.18 on Tuesday. The business has a 50-day moving average of $34.93 and a 200-day moving average of $37.43. The company has a market capitalization of $1.94 billion, a PE ratio of 21.70 and a beta of 1.62. Live Oak Bancshares has a 1-year low of $26.11 and a 1-year high of $47.22.

Live Oak Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.12 annualized dividend and a dividend yield of 0.28%. Live Oak Bancshares’s dividend payout ratio is presently 6.03%.

Insider Buying and Selling

In related news, Director Tonya Williams Bradford sold 2,600 shares of Live Oak Bancshares stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $35.97, for a total value of $93,522.00. Following the completion of the transaction, the director now directly owns 5,870 shares in the company, valued at $211,143.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Live Oak Bancshares from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price target (down from $45.00) on shares of Live Oak Bancshares in a research note on Friday, April 26th. Finally, Truist Financial decreased their price target on Live Oak Bancshares from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.25.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.