Live Oak Bancshares (NASDAQ:LOB) Posts Earnings Results, Beats Expectations By $0.84 EPS

Live Oak Bancshares (NASDAQ:LOB) issued its quarterly earnings data on Tuesday. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.84, MarketWatch Earnings reports. Live Oak Bancshares had a net margin of 25.11% and a return on equity of 18.78%.

Shares of LOB traded up $4.34 during midday trading on Thursday, reaching $62.32. The stock had a trading volume of 14,970 shares, compared to its average volume of 310,005. The company’s 50 day simple moving average is $58.89. Live Oak Bancshares has a one year low of $15.60 and a one year high of $72.64. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 25.26 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 8th. Stockholders of record on Tuesday, May 25th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Monday, May 24th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 8.28%.

Several brokerages have issued reports on LOB. JPMorgan Chase & Co. began coverage on shares of Live Oak Bancshares in a research note on Monday, April 12th. They issued a “neutral” rating and a $78.00 price target on the stock. Zacks Investment Research lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, June 29th. Finally, Raymond James lifted their price target on shares of Live Oak Bancshares from $50.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 22nd.

About Live Oak Bancshares

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

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Earnings History for Live Oak Bancshares (NASDAQ:LOB)

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