Live Oak Bancshares Inc (NASDAQ:LOB) insider Susan N. Janson purchased 500 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was purchased at an average cost of $30.00 per share, with a total value of $15,000.00. Following the purchase, the insider now owns 1,000 shares in the company, valued at approximately $30,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

LOB opened at $29.85 on Monday. Live Oak Bancshares Inc has a twelve month low of $20.75 and a twelve month high of $31.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.65. The company has a market capitalization of $1.19 billion, a P/E ratio of 23.88 and a beta of 0.18.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, April 25th. The bank reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.09. Live Oak Bancshares had a return on equity of 14.29% and a net margin of 36.10%. The firm had revenue of $55.23 million during the quarter, compared to analyst estimates of $49.66 million. equities analysts expect that Live Oak Bancshares Inc will post 1.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 25th. This represents a $0.12 annualized dividend and a yield of 0.40%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 9.60%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Live Oak Bancshares by 12.6% in the 1st quarter. BlackRock Inc. now owns 1,404,243 shares of the bank’s stock worth $39,038,000 after purchasing an additional 157,241 shares during the last quarter. Mendon Capital Advisors Corp lifted its holdings in Live Oak Bancshares by 2.8% in the 1st quarter. Mendon Capital Advisors Corp now owns 1,241,689 shares of the bank’s stock worth $34,519,000 after purchasing an additional 34,379 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Live Oak Bancshares by 5.5% in the 4th quarter. Driehaus Capital Management LLC now owns 616,811 shares of the bank’s stock worth $14,711,000 after purchasing an additional 32,031 shares during the last quarter. Northern Trust Corp lifted its holdings in Live Oak Bancshares by 2.8% in the 1st quarter. Northern Trust Corp now owns 279,716 shares of the bank’s stock worth $7,776,000 after purchasing an additional 7,520 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Live Oak Bancshares in the 4th quarter worth approximately $6,321,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Several equities research analysts recently commented on LOB shares. TheStreet raised Live Oak Bancshares from a “c” rating to a “b” rating in a research note on Monday, February 26th. BidaskClub upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday, May 30th. Sandler O’Neill restated a “buy” rating and issued a $31.00 target price on shares of Live Oak Bancshares in a report on Wednesday, March 28th. Finally, Zacks Investment Research lowered Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.25.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.

Insider Buying and Selling by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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