Live Oak Bancshares (NASDAQ:LOB – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.25), Yahoo Finance reports. The firm had revenue of $241.87 million for the quarter, compared to the consensus estimate of $126.63 million. Live Oak Bancshares had a net margin of 11.22% and a return on equity of 10.93%. During the same quarter in the prior year, the company posted $0.88 earnings per share.
Live Oak Bancshares Stock Performance
LOB stock traded down $2.23 during trading on Friday, reaching $39.60. 261,897 shares of the company traded hands, compared to its average volume of 177,901. Live Oak Bancshares has a 12 month low of $27.79 and a 12 month high of $50.57. The business has a 50 day simple moving average of $45.13 and a 200 day simple moving average of $39.59. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.36 and a beta of 1.60.
Live Oak Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Tuesday, September 3rd. Live Oak Bancshares’s payout ratio is currently 5.48%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on LOB
Insider Activity at Live Oak Bancshares
In related news, CAO John W. Sutherland sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the chief accounting officer now owns 26,603 shares of the company’s stock, valued at $1,143,929. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.90% of the stock is owned by corporate insiders.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. 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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