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%.
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.
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