Live Oak Bancshares, Inc. (NASDAQ:LOB) announced a quarterly dividend on Monday, October 30th, NASDAQ reports. Shareholders of record on Monday, November 13th will be given a dividend of 0.03 per share by the bank on Monday, November 27th. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, November 10th.
Shares of Live Oak Bancshares (LOB) opened at $23.95 on Friday. Live Oak Bancshares has a 12-month low of $15.35 and a 12-month high of $26.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 0.68. The stock has a market cap of $830.18, a P/E ratio of 24.95 and a beta of -0.09.
Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $46.09 million during the quarter, compared to the consensus estimate of $42.56 million. Live Oak Bancshares had a net margin of 17.68% and a return on equity of 15.61%. equities analysts expect that Live Oak Bancshares will post 1.07 earnings per share for the current year.
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LOB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th. BidaskClub downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Sandler O’Neill upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and cut their price target for the company from $25.00 to $24.00 in a report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $27.00 price target on shares of Live Oak Bancshares in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.50.
In other news, Director Diane Beth Glossman bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $23.07 per share, for a total transaction of $46,140.00. Following the acquisition, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $620,398.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 30.10% of the company’s stock.
About Live Oak Bancshares
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).
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