Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 7,429 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $26.92, for a total value of $199,988.68. Following the completion of the transaction, the chief financial officer now directly owns 423,384 shares in the company, valued at $11,397,497.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
S. Brett Caines also recently made the following trade(s):
- On Wednesday, January 31st, S. Brett Caines sold 7,532 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.55, for a total value of $199,974.60.
Live Oak Bancshares Inc (LOB) traded down $0.95 during trading on Monday, reaching $26.20. The company had a trading volume of 110,501 shares, compared to its average volume of 117,588. The firm has a market capitalization of $1,180.00 and a price-to-earnings ratio of 10.40. Live Oak Bancshares Inc has a 12-month low of $20.40 and a 12-month high of $28.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05.
Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly 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. The company 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%. sell-side analysts anticipate that Live Oak Bancshares Inc will post 1.25 earnings per share for the current fiscal year.
LOB has been the topic of several analyst reports. BidaskClub raised Live Oak Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. SunTrust Banks reaffirmed a “buy” rating and set a $27.00 target price on shares of Live Oak Bancshares in a report on Thursday, October 12th. Keefe, Bruyette & Woods initiated coverage on Live Oak Bancshares in a report on Monday, October 16th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, TheStreet raised Live Oak Bancshares from a “c+” rating to a “b” rating in a report on Monday, October 23rd. 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 company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.25.
A number of hedge funds have recently modified their holdings of the business. TIAA CREF Investment Management LLC boosted its position in Live Oak Bancshares by 1.1% during the second quarter. TIAA CREF Investment Management LLC now owns 56,458 shares of the bank’s stock worth $1,366,000 after purchasing an additional 631 shares in the last quarter. Wells Fargo & Company MN boosted its position in Live Oak Bancshares by 5.4% during the second quarter. Wells Fargo & Company MN now owns 22,835 shares of the bank’s stock worth $552,000 after purchasing an additional 1,162 shares in the last quarter. Voya Investment Management LLC boosted its position in Live Oak Bancshares by 12.5% during the second quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock worth $283,000 after purchasing an additional 1,303 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Live Oak Bancshares by 2.5% during the fourth quarter. Carroll Financial Associates Inc. now owns 88,536 shares of the bank’s stock worth $2,111,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Live Oak Bancshares by 24.1% during the second quarter. Alliancebernstein L.P. now owns 17,500 shares of the bank’s stock worth $424,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 41.00% of the company’s stock.
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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