Live Oak Bancshares (LOB) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media coverage about Live Oak Bancshares (NASDAQ:LOB) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.961463408756 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Live Oak Bancshares (NASDAQ LOB) traded up 1.40% during midday trading on Monday, hitting $21.80. 16,452 shares of the stock were exchanged. Live Oak Bancshares has a 1-year low of $13.78 and a 1-year high of $26.05. The company has a market capitalization of $755.68 million, a P/E ratio of 31.50 and a beta of -0.11. The company’s 50 day moving average is $21.76 and its 200 day moving average is $22.13.
Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The company had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $45.92 million. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. Analysts predict that Live Oak Bancshares will post $0.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.56%. This is a boost from Live Oak Bancshares’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, August 17th. Live Oak Bancshares’s dividend payout ratio is 17.14%.
Several research firms have commented on LOB. Sandler O’Neill raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and decreased their target price for the company from $25.00 to $24.00 in a report on Wednesday, September 6th. BidaskClub lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Finally, TheStreet raised shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th.
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In other news, Director Diane Beth Glossman bought 2,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $23.07 per share, with a total value of $46,140.00. Following the completion of the purchase, the director now directly owns 26,892 shares in the company, valued at $620,398.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 30.10% of the stock is currently owned by corporate insiders.
Live Oak Bancshares Company Profile
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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