Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.67.

A number of research analysts have commented on LOB shares. TheStreet upgraded Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. BidaskClub upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Sandler O’Neill upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating and decreased their price objective for the company from $25.00 to $24.00 in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods started coverage on Live Oak Bancshares in a research report on Monday, October 16th. They issued a “market perform” rating and a $26.00 price objective on the stock. Finally, Zacks Investment Research lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st.

Shares of Live Oak Bancshares (NASDAQ:LOB) opened at $25.80 on Tuesday. The company has a market capitalization of $1,120.00 and a P/E ratio of 26.93. Live Oak Bancshares has a 12-month low of $17.00 and a 12-month high of $26.35. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, topping the Zacks’ 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%. analysts anticipate that Live Oak Bancshares will post 1.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a $0.03 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. Live Oak Bancshares’s payout ratio is 12.90%.

In related news, Director Glen F. Hoffsis purchased 1,400 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $23.50 per share, with a total value of $32,900.00. Following the purchase, the director now directly owns 85,382 shares in the company, valued at approximately $2,006,477. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 30.10% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Live Oak Bancshares by 107.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 163,987 shares of the bank’s stock valued at $3,968,000 after purchasing an additional 84,748 shares during the period. Vanguard Group Inc. raised its stake in Live Oak Bancshares by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 845,950 shares of the bank’s stock worth $18,315,000 after buying an additional 65,115 shares during the period. Emerald Advisers Inc. PA acquired a new stake in Live Oak Bancshares during the 3rd quarter worth $9,573,000. TD Asset Management Inc. raised its stake in Live Oak Bancshares by 50.8% during the 2nd quarter. TD Asset Management Inc. now owns 25,414 shares of the bank’s stock worth $615,000 after buying an additional 8,556 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Live Oak Bancshares during the 2nd quarter worth $354,000. 40.98% of the stock is currently owned by institutional investors.

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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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