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

Live Oak Bancshares (NASDAQ:LOB) announced its earnings results on Tuesday. The bank reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.84, MarketWatch Earnings reports. Live Oak Bancshares had a return on equity of 18.78% and a net margin of 25.11%.

NASDAQ LOB traded up $3.16 on Thursday, reaching $61.14. The company had a trading volume of 6,504 shares, compared to its average volume of 310,005. The stock has a market capitalization of $2.64 billion, a PE ratio of 23.57 and a beta of 1.36. The business has a fifty day moving average price of $58.89. Live Oak Bancshares has a 52-week low of $15.60 and a 52-week high of $72.64.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 8th. Investors of record on Tuesday, May 25th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Monday, May 24th. Live Oak Bancshares’s payout ratio is currently 8.28%.

LOB has been the topic of a number of research analyst reports. Zacks Investment Research cut Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, June 29th. Raymond James increased their price target on Live Oak Bancshares from $50.00 to $80.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on Live Oak Bancshares in a report on Monday, April 12th. They set a “neutral” rating and a $78.00 price target on the stock.

Live Oak Bancshares Company Profile

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.

Further Reading: How to Use the New Google Finance Tool

Earnings History for Live Oak Bancshares (NASDAQ:LOB)

Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.