Insider Selling: Live Oak Bancshares Inc (LOB) CFO Sells 7,593 Shares of Stock

Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 7,593 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $26.34, for a total value of $199,999.62. Following the sale, the chief financial officer now directly owns 415,977 shares in the company, valued at approximately $10,956,834.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

S. Brett Caines also recently made the following trade(s):

  • On Friday, February 2nd, S. Brett Caines sold 7,429 shares of Live Oak Bancshares stock. The stock was sold at an average price of $26.92, for a total value of $199,988.68.
  • On Wednesday, January 31st, S. Brett Caines sold 7,532 shares of Live Oak Bancshares stock. The stock was sold at an average price of $26.55, for a total value of $199,974.60.

Shares of Live Oak Bancshares Inc (NASDAQ LOB) remained flat at $$26.20 during trading hours on Wednesday. The company had a trading volume of 87,520 shares, compared to its average volume of 109,859. The firm has a market cap of $1,150.00 and a price-to-earnings ratio of 10.40. Live Oak Bancshares Inc has a 52 week low of $20.40 and a 52 week high of $28.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.70.

Live Oak Bancshares (NASDAQ:LOB) last issued its earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $118.42 million for the quarter, compared to the consensus estimate of $114.39 million. Live Oak Bancshares had a return on equity of 16.85% and a net margin of 36.36%. equities analysts expect that Live Oak Bancshares Inc will post 1.25 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on LOB shares. Sandler O’Neill reissued a “buy” rating and set a $30.00 price target on shares of Live Oak Bancshares in a research report on Thursday, January 25th. TheStreet raised Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. BidaskClub downgraded Live Oak Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report 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 report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Several hedge funds have recently modified their holdings of the business. TIAA CREF Investment Management LLC boosted its holdings in shares of Live Oak Bancshares by 1.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 56,458 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 631 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Live Oak Bancshares by 5.4% in the 2nd quarter. Wells Fargo & Company MN now owns 22,835 shares of the bank’s stock valued at $552,000 after purchasing an additional 1,162 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Live Oak Bancshares by 12.5% in the 2nd quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,303 shares in the last quarter. Carroll Financial Associates Inc. boosted its holdings in shares of Live Oak Bancshares by 2.5% in the 4th quarter. Carroll Financial Associates Inc. now owns 88,536 shares of the bank’s stock valued at $2,111,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Live Oak Bancshares by 24.1% in the 2nd quarter. Alliancebernstein L.P. now owns 17,500 shares of the bank’s stock valued at $424,000 after purchasing an additional 3,400 shares in the last quarter. 41.00% of the stock is currently owned by hedge funds and other institutional investors.

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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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