Live Oak Bancshares, Inc. (NASDAQ:LOB) Increases Dividend to $0.03 Per Share

Live Oak Bancshares, Inc. (NASDAQ:LOB) declared a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Investors of record on Monday, August 21st will be given a dividend of 0.03 per share by the bank on Tuesday, September 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change from Live Oak Bancshares’s previous quarterly dividend of $0.02.

Live Oak Bancshares (LOB) opened at 23.05 on Friday. The firm has a market cap of $799.01 million, a price-to-earnings ratio of 33.31 and a beta of -0.15. Live Oak Bancshares has a 1-year low of $13.23 and a 1-year high of $26.05. The company has a 50-day moving average of $24.53 and a 200-day moving average of $23.35.

Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $45.06 million during the quarter, compared to the consensus estimate of $45.92 million. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. Analysts predict that Live Oak Bancshares will post $0.88 earnings per share for the current year.

Several brokerages have commented on LOB. Zacks Investment Research downgraded shares of Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a research note on Monday, July 24th.

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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).

Dividend History for Live Oak Bancshares (NASDAQ:LOB)

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