Live Oak Bancshares Inc (LOB) CFO Sells $199,936.43 in Stock

Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 7,681 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $26.03, for a total transaction of $199,936.43. Following the sale, the chief financial officer now owns 396,580 shares of the company’s stock, valued at approximately $10,322,977.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, February 8th, S. Brett Caines sold 7,740 shares of Live Oak Bancshares stock. The stock was sold at an average price of $25.84, for a total transaction of $200,001.60.
  • 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 transaction 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 transaction 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 transaction of $199,974.60.

Live Oak Bancshares Inc (NASDAQ:LOB) traded up $0.55 during mid-day trading on Wednesday, hitting $27.10. 107,882 shares of the stock traded hands, compared to its average volume of 117,962. Live Oak Bancshares Inc has a one year low of $20.40 and a one year high of $28.20. The firm has a market cap of $1,080.00 and a PE ratio of 10.75. 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 released its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.16. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 16.85%. The company had revenue of $118.42 million during the quarter, compared to analysts’ expectations of $114.39 million. equities research analysts forecast that Live Oak Bancshares Inc will post 1.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 23rd. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 4.76%.

Several hedge funds have recently added to or reduced their stakes in LOB. Victory Capital Management Inc. acquired a new stake in shares of Live Oak Bancshares in the 3rd quarter worth $183,000. Teacher Retirement System of Texas acquired a new stake in shares of Live Oak Bancshares in the 4th quarter worth $222,000. Voya Investment Management LLC lifted its stake 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 worth $283,000 after acquiring an additional 1,303 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Live Oak Bancshares in the 4th quarter worth $323,000. Finally, American International Group Inc. lifted its stake in shares of Live Oak Bancshares by 18.5% in the 4th quarter. American International Group Inc. now owns 15,701 shares of the bank’s stock worth $374,000 after acquiring an additional 2,446 shares during the period. Institutional investors own 41.25% of the company’s stock.

A number of brokerages recently weighed in on LOB. Zacks Investment Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, January 30th. Sandler O’Neill reiterated a “buy” rating and set a $30.00 price target on shares of Live Oak Bancshares in a research note on Thursday, January 25th. BidaskClub cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, TheStreet upgraded shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.25.

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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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