Live Oak Bancshares, Inc. (NASDAQ:LOB) Director Buys $39,760.00 in Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) Director William Henderson Cameron acquired 1,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $39.76 per share, for a total transaction of $39,760.00. Following the acquisition, the director now directly owns 202,217 shares in the company, valued at $8,040,147.92. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Live Oak Bancshares Price Performance

Shares of NASDAQ:LOB opened at $41.05 on Friday. The business’s 50 day simple moving average is $45.05 and its 200-day simple moving average is $39.61. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 25.82 and a beta of 1.60. Live Oak Bancshares, Inc. has a 12 month low of $29.04 and a 12 month high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Live Oak Bancshares had a return on equity of 7.81% and a net margin of 7.99%. The company had revenue of $241.87 million for the quarter, compared to analyst estimates of $126.63 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts anticipate that Live Oak Bancshares, Inc. will post 2.16 earnings per share for the current year.

Live Oak Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. Live Oak Bancshares’s dividend payout ratio is currently 7.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOB. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Live Oak Bancshares in a report on Friday, July 26th. Piper Sandler lowered their price objective on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Truist Financial lowered their price objective on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Live Oak Bancshares presently has an average rating of “Hold” and an average target price of $45.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LOB. Quest Partners LLC raised its position in shares of Live Oak Bancshares by 68.4% during the 2nd quarter. Quest Partners LLC now owns 2,026 shares of the bank’s stock worth $71,000 after purchasing an additional 823 shares during the last quarter. nVerses Capital LLC raised its holdings in Live Oak Bancshares by 87.5% in the 3rd quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock valued at $71,000 after acquiring an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Live Oak Bancshares by 1,885.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank’s stock valued at $81,000 after acquiring an additional 2,206 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Live Oak Bancshares in the 1st quarter valued at $129,000. Finally, New York State Teachers Retirement System raised its holdings in Live Oak Bancshares by 161.4% in the 3rd quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank’s stock valued at $150,000 after acquiring an additional 1,954 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Company Profile

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.