Live Oak Bancshares, Inc. (NYSE:LOB) Stock Has Consensus Target Price of $45.50

Shares of Live Oak Bancshares, Inc. (NYSE:LOB – Get Free Report) have been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $45.50.

LOB has been the topic of several recent analyst reports. TD Cowen upped their price target on Live Oak Bancshares from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Weiss Ratings lowered Live Oak Bancshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Cantor Fitzgerald lifted their target price on Live Oak Bancshares from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods upped their target price on Live Oak Bancshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Zacks Research lowered shares of Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st.

Get Our Latest Report on Live Oak Bancshares

Insider Activity at Live Oak Bancshares

In other news, Director Tonya Bradford sold 1,600 shares of the company’s 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 transaction, the director directly owned 8,043 shares of the company’s stock, valued at approximately $320,835.27. This represents a 16.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David G. Lucht sold 2,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $44.36, for a total value of $88,720.00. Following the sale, the director owned 13,623 shares of the company’s stock, valued at approximately $604,316.28. This represents a 12.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 29,654 shares of company stock worth $1,240,814. Corporate insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Live Oak Bancshares during the 2nd quarter worth $143,588,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Live Oak Bancshares in the 2nd quarter valued at $55,546,000. William Blair Investment Management LLC bought a new stake in Live Oak Bancshares in the second quarter worth $23,247,000. The Manufacturers Life Insurance Company bought a new stake in Live Oak Bancshares in the second quarter worth $11,563,000. Finally, Bank of America Corp DE acquired a new position in Live Oak Bancshares during the second quarter worth $9,394,000. 63.95% of the stock is owned by institutional investors and hedge funds.

Live Oak Bancshares Stock Performance

Live Oak Bancshares stock opened at $36.19 on Thursday. Live Oak Bancshares has a 52 week low of $29.36 and a 52 week high of $44.53. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.74 and a beta of 1.86. The company has a 50 day moving average price of $40.41 and a 200 day moving average price of $38.44.

Live Oak Bancshares (NYSE:LOB – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. The company had revenue of $156.15 million for the quarter. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. Equities analysts forecast that Live Oak Bancshares will post 3.07 earnings per share for the current fiscal year.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.03 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Live Oak Bancshares’s dividend payout ratio is presently 4.23%.

About Live Oak Bancshares

(Get Free Report)

Live Oak Bancshares, Inc is a financial holding company headquartered in Wilmington, North Carolina. Its principal subsidiary, Live Oak Bank, is a digital, branchless bank focused on serving small and midsize businesses, business owners and professionals across the United States.

Live Oak Bank provides commercial loans, including Small Business Administration (SBA) lending, along with business checking and savings accounts, certificates of deposit, treasury management and other banking services.

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Analyst Recommendations for Live Oak Bancshares (NYSE:LOB)

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