Live Oak Bancshares Inc (NASDAQ:LOB) has earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $73.50.
A number of analysts have recently issued reports on LOB shares. ValuEngine upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, April 23rd. Itau BBA Securities lowered shares of Live Oak Bancshares from an “outperform” rating to a “market perform” rating and set a $130.00 price target on the stock. in a report on Tuesday, May 12th. BidaskClub raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, May 27th. SunTrust Banks lifted their price target on shares of Live Oak Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Zacks Investment Research raised shares of Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th.
Shares of LOB stock opened at $14.09 on Wednesday. The stock has a market cap of $570.96 million, a P/E ratio of 74.16 and a beta of 1.12. The company has a fifty day moving average price of $14.03 and a two-hundred day moving average price of $15.24. Live Oak Bancshares has a one year low of $7.57 and a one year high of $20.46.
Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.27). The firm had revenue of $45.90 million during the quarter, compared to analyst estimates of $52.07 million. Live Oak Bancshares had a net margin of 2.67% and a return on equity of 1.72%. On average, research analysts expect that Live Oak Bancshares will post 0.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a dividend of $0.03 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.85%. Live Oak Bancshares’s dividend payout ratio is presently 27.27%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Live Oak Bancshares by 2.8% in the 1st quarter. Rhumbline Advisers now owns 42,125 shares of the bank’s stock worth $525,000 after purchasing an additional 1,135 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Live Oak Bancshares by 90.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,500 shares of the bank’s stock worth $47,000 after purchasing an additional 1,185 shares during the period. Swiss National Bank increased its stake in shares of Live Oak Bancshares by 3.0% in the 4th quarter. Swiss National Bank now owns 47,700 shares of the bank’s stock valued at $907,000 after acquiring an additional 1,400 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Live Oak Bancshares in the 4th quarter valued at $30,000. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Live Oak Bancshares by 100.0% in the 1st quarter. Laurel Wealth Advisors LLC now owns 3,200 shares of the bank’s stock valued at $40,000 after acquiring an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 43.04% of the company’s stock.
About Live Oak Bancshares
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.
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