Shares of Live Oak Bancshares Inc (NASDAQ:LOB) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $28.25.
A number of research firms have commented on LOB. Zacks Investment Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 30th. BidaskClub downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Sandler O’Neill reaffirmed a “buy” rating and issued a $30.00 target price on shares of Live Oak Bancshares in a report on Thursday, January 25th. Finally, TheStreet raised shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a report on Monday, October 23rd.
Live Oak Bancshares (NASDAQ:LOB) opened at $27.00 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $1,072.66, a price-to-earnings ratio of 10.76 and a beta of 0.18. Live Oak Bancshares has a one year low of $20.40 and a one year high of $28.20.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 23rd. Live Oak Bancshares’s payout ratio is 4.78%.
In other news, CFO S. Brett Caines sold 7,532 shares of Live Oak Bancshares stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $26.55, for a total value of $199,974.60. Following the sale, the chief financial officer now owns 434,640 shares of the company’s stock, valued at $11,539,692. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 45,408 shares of company stock worth $1,199,923. Insiders own 30.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in LOB. Victory Capital Management Inc. purchased a new stake in Live Oak Bancshares during the third quarter worth about $183,000. Teacher Retirement System of Texas purchased a new stake in Live Oak Bancshares during the fourth quarter worth about $222,000. MetLife Investment Advisors LLC purchased a new stake in Live Oak Bancshares during the fourth quarter worth about $248,000. BB&T Securities LLC purchased a new stake in Live Oak Bancshares during the fourth quarter worth about $277,000. Finally, Voya Investment Management LLC boosted its holdings in Live Oak Bancshares by 12.5% during the second quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock worth $283,000 after buying an additional 1,303 shares in the last quarter. 41.25% of the stock is currently owned by hedge funds and other institutional investors.
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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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