Live Oak Bancshares, Inc. (NYSE:LOB – Get Free Report) Director Tonya Bradford sold 1,600 shares of Live Oak Bancshares stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $39.89, for a total value of $63,824.00. Following the completion of the transaction, the director owned 8,043 shares of the company’s stock, valued at approximately $320,835.27. The trade was a 16.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Live Oak Bancshares Stock Performance
Shares of NYSE:LOB opened at $39.07 on Friday. The business has a fifty day moving average of $41.46 and a 200-day moving average of $38.26. Live Oak Bancshares, Inc. has a twelve month low of $29.36 and a twelve month high of $44.53. The firm has a market cap of $1.81 billion, a PE ratio of 13.76 and a beta of 1.86.
Live Oak Bancshares (NYSE:LOB – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. The firm had revenue of $156.15 million for the quarter. On average, analysts anticipate that Live Oak Bancshares, Inc. will post 3.07 EPS for the current fiscal year.
Live Oak Bancshares Dividend Announcement
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LOB shares. Weiss Ratings downgraded Live Oak Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research cut Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. TD Cowen boosted their price objective on Live Oak Bancshares from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Cantor Fitzgerald raised their target price on shares of Live Oak Bancshares from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.40.
Get Our Latest Stock Report on Live Oak Bancshares
Institutional Trading of Live Oak Bancshares
A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Live Oak Bancshares by 28.7% during the 1st quarter. Royal Bank of Canada now owns 18,592 shares of the company’s stock valued at $495,000 after purchasing an additional 4,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Live Oak Bancshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,594 shares of the company’s stock valued at $549,000 after buying an additional 880 shares during the period. Millennium Management LLC increased its position in shares of Live Oak Bancshares by 655.6% during the first quarter. Millennium Management LLC now owns 687,885 shares of the company’s stock worth $18,339,000 after acquiring an additional 596,841 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Live Oak Bancshares by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 264,122 shares of the company’s stock worth $7,041,000 after acquiring an additional 34,849 shares during the period. Finally, Empowered Funds LLC bought a new stake in Live Oak Bancshares in the 1st quarter valued at $1,758,000. Institutional investors own 63.95% of the company’s stock.
About Live Oak Bancshares
Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.
The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.
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