Analysts Anticipate Live Oak Bancshares Inc. (NASDAQ:LOB) to Announce $0.07 EPS
Live Oak Bancshares Inc. (NASDAQ:LOB) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 1-year consensus price target of $16.50 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Live Oak Bancshares an industry rank of 105 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently commented on LOB shares. Zacks Investment Research downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Sandler O’Neill downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Live Oak Bancshares from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, July 29th.
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A number of large investors have recently added to or reduced their stakes in LOB. 1st Global Advisors Inc. bought a new stake in Live Oak Bancshares during the second quarter worth about $142,000. Emerald Acquisition Ltd. bought a new stake in Live Oak Bancshares during the second quarter worth about $142,000. Alliancebernstein L.P. bought a new stake in Live Oak Bancshares during the second quarter worth about $147,000. Rhumbline Advisers bought a new stake in Live Oak Bancshares during the second quarter worth about $150,000. Finally, American International Group Inc. increased its stake in Live Oak Bancshares by 269.3% in the second quarter. American International Group Inc. now owns 11,260 shares of the company’s stock worth $159,000 after buying an additional 8,211 shares during the last quarter. Institutional investors own 33.82% of the company’s stock.
Shares of Live Oak Bancshares (NASDAQ:LOB) traded down 0.57% during mid-day trading on Tuesday, reaching $14.07. 10,616 shares of the company were exchanged. The company has a market capitalization of $481.28 million, a price-to-earnings ratio of 35.89 and a beta of -0.53. The firm’s 50-day moving average is $13.88 and its 200-day moving average is $14.57. Live Oak Bancshares has a 12 month low of $12.10 and a 12 month high of $20.24.
Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Live Oak Bancshares had a net margin of 10.45% and a return on equity of 8.54%. On average, equities analysts forecast that Live Oak Bancshares will post $0.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Thursday, September 1st were given a $0.02 dividend. This is an increase from Live Oak Bancshares’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, August 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.57%. Live Oak Bancshares’s dividend payout ratio is presently 21.05%.
About Live Oak Bancshares
Live Oak Bancshares, Inc is the bank holding company for Live Oak Banking Company (the Bank). The Bank is a commercial bank and a national online platform for small business lending. The Company provides certain small businesses across the United States a means to access capital. The Company primarily originates loans partially guaranteed by the United States Small Business Administration (SBA) to small businesses and professionals.
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