Live Oak Bancshares (LOB) Given News Impact Rating of 0.22
Media coverage about Live Oak Bancshares (NASDAQ:LOB) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.3289407563268 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Apiture: First Data and Live Oak Bancshares’ digital banking joint venture (eprretailnews.com)
- Live Oak Bancshares, Inc. :LOB-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017 (finance.yahoo.com)
- ETFs with exposure to Live Oak Bancshares, Inc. : October 4, 2017 (finance.yahoo.com)
- First Data, Live Oak team up on fintech startup to take on big banks (finance.yahoo.com)
- First Data and Live Oak Bancshares Close Deal for Digital Banking Joint Venture (finance.yahoo.com)
Shares of Live Oak Bancshares (LOB) traded up 0.42% during midday trading on Friday, hitting $24.15. The stock had a trading volume of 5,045 shares. Live Oak Bancshares has a 52-week low of $14.05 and a 52-week high of $24.59. The firm has a 50 day moving average price of $22.63 and a 200-day moving average price of $22.63. The stock has a market cap of $837.14 million, a PE ratio of 34.90 and a beta of -0.09.
Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. The firm had revenue of $45.06 million during the quarter, compared to the consensus estimate of $45.92 million. Equities analysts predict that Live Oak Bancshares will post $0.88 EPS for the current fiscal year.
LOB has been the topic of several research reports. Zacks Investment Research cut Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet raised Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th. BidaskClub cut Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Sandler O’Neill raised Live Oak Bancshares from a “hold” rating to a “buy” rating and reduced their target price for the stock from $25.00 to $24.00 in a report on Wednesday, September 6th.
TRADEMARK VIOLATION WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/live-oak-bancshares-lob-given-news-impact-rating-of-0-22.html.
In other Live Oak Bancshares news, Director Diane Beth Glossman acquired 2,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $23.07 per share, for a total transaction of $46,140.00. Following the acquisition, the director now owns 26,892 shares in the company, valued at $620,398.44. The purchase was disclosed in a filing 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).
Receive News & Stock Ratings for Live Oak Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares Inc. and related stocks with our FREE daily email newsletter.