Insider Selling: Live Oak Bancshares Inc (LOB) CFO Sells 7,740 Shares of Stock

Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 7,740 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $25.84, for a total value of $200,001.60. Following the sale, the chief financial officer now owns 408,211 shares of the company’s stock, valued at $10,548,172.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, February 6th, S. Brett Caines sold 7,593 shares of Live Oak Bancshares stock. The stock was sold at an average price of $26.34, for a total value of $199,999.62.
  • 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 (LOB) traded up $0.68 during mid-day trading on Friday, hitting $26.25. The company had a trading volume of 156,278 shares, compared to its average volume of 119,281. 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 Inc has a twelve month low of $20.40 and a twelve month high of $28.20. The company has a market cap of $1,044.75, a P/E ratio of 10.18 and a beta of 0.18.

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

A number of institutional investors and hedge funds have recently modified their holdings of LOB. Emerald Advisers Inc. PA acquired a new position in Live Oak Bancshares in the 3rd quarter worth about $9,573,000. Emerald Mutual Fund Advisers Trust increased its holdings in Live Oak Bancshares by 159.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 602,548 shares of the bank’s stock worth $14,130,000 after purchasing an additional 370,698 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Live Oak Bancshares in the 3rd quarter worth about $8,443,000. Stieven Capital Advisors L.P. acquired a new position in Live Oak Bancshares in the 3rd quarter worth about $5,709,000. Finally, Jacobs Asset Management LLC acquired a new position in Live Oak Bancshares in the 3rd quarter worth about $3,588,000. 41.00% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on LOB shares. TheStreet upgraded Live Oak Bancshares from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. SunTrust Banks restated a “buy” rating and set a $27.00 price objective on shares of Live Oak Bancshares in a research report on Thursday, October 12th. Zacks Investment Research upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 30th. Sandler O’Neill restated a “buy” rating and set a $30.00 price objective on shares of Live Oak Bancshares in a research report on Thursday, January 25th. Finally, BidaskClub upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.25.

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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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