Live Oak Bancshares, Inc. (NASDAQ:LOB) Director Glen F. Hoffsis bought 1,400 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $23.50 per share, for a total transaction of $32,900.00. Following the completion of the purchase, the director now directly owns 85,382 shares of the company’s stock, valued at $2,006,477. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Live Oak Bancshares, Inc. (LOB) traded up $0.60 during trading on Tuesday, reaching $23.65. The company’s stock had a trading volume of 67,000 shares, compared to its average volume of 103,028. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05. The company has a market cap of $1,040.00 and a PE ratio of 24.01. Live Oak Bancshares, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $26.05.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, November 10th. This represents a $0.12 annualized dividend and a yield of 0.51%. Live Oak Bancshares’s payout ratio is 12.90%.

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Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in Live Oak Bancshares by 3.5% during the 1st quarter. Bank of America Corp DE now owns 5,468 shares of the bank’s stock valued at $118,000 after acquiring an additional 185 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Live Oak Bancshares during the third quarter valued at approximately $183,000. California Public Employees Retirement System purchased a new position in shares of Live Oak Bancshares during the first quarter valued at approximately $223,000. Profit Investment Management LLC purchased a new position in shares of Live Oak Bancshares during the second quarter valued at approximately $226,000. Finally, Credit Suisse AG lifted its holdings in shares of Live Oak Bancshares by 2.0% during the first quarter. Credit Suisse AG now owns 10,677 shares of the bank’s stock valued at $231,000 after purchasing an additional 207 shares during the last quarter. 35.81% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on LOB. BidaskClub raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research cut Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet raised Live Oak Bancshares from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Keefe, Bruyette & Woods initiated coverage on Live Oak Bancshares in a research note on Monday, October 16th. They issued a “market perform” rating and a $26.00 target price on the stock. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $27.00 price objective on shares of Live Oak Bancshares in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Live Oak Bancshares has an average rating of “Hold” and a consensus target price of $26.50.

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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