Live Oak Bancshares (LOB) Receives Media Sentiment Score of 0.12

Press coverage about Live Oak Bancshares (NASDAQ:LOB) has been trending somewhat positive on Thursday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.5419800183689 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Live Oak Bancshares (LOB) opened at $24.50 on Thursday. The company has a market capitalization of $1,080.00 and a P/E ratio of 26.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05. Live Oak Bancshares has a 52 week low of $18.00 and a 52 week high of $26.35.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $46.09 million for the quarter, compared to analyst estimates of $42.56 million. Live Oak Bancshares had a return on equity of 13.60% and a net margin of 17.68%. research analysts expect that Live Oak Bancshares will post 1.07 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. BidaskClub raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. TheStreet raised Live Oak Bancshares from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods assumed coverage on Live Oak Bancshares in a research note on Monday, October 16th. They set a “market perform” rating and a $26.00 price target on the stock. Zacks Investment Research raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, SunTrust Banks reissued a “buy” rating and set a $27.00 price target on shares of Live Oak Bancshares in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Live Oak Bancshares currently has an average rating of “Hold” and an average price target of $26.50.

In related news, Director Glen F. Hoffsis bought 1,400 shares of Live Oak Bancshares stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $23.50 per share, with a total value of $32,900.00. Following the purchase, the director now owns 85,382 shares in the company, valued at $2,006,477. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.10% of the stock is owned by insiders.

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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).

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