Live Oak Bancshares (LOB) Set to Announce Earnings on Wednesday

Live Oak Bancshares (NASDAQ:LOB - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Live Oak Bancshares to post earnings of $0.49 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Live Oak Bancshares (NASDAQ:LOB - Get Free Report) last posted its earnings results on Wednesday, January 24th. The bank reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.20). Live Oak Bancshares had a net margin of 9.24% and a return on equity of 8.67%. The business had revenue of $119.68 million during the quarter, compared to analysts' expectations of $119.36 million. On average, analysts expect Live Oak Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Live Oak Bancshares Trading Down 0.5 %

Shares of LOB stock traded down $0.20 on Wednesday, reaching $36.68. The company's stock had a trading volume of 122,957 shares, compared to its average volume of 162,183. The stock's fifty day simple moving average is $39.41 and its 200-day simple moving average is $37.03. Live Oak Bancshares has a 1 year low of $19.53 and a 1 year high of $47.22. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 22.51 and a beta of 1.60.

Live Oak Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, February 26th. Live Oak Bancshares's dividend payout ratio (DPR) is presently 7.32%.

Insider Activity at Live Oak Bancshares

In related news, Director Miltom Emmett Petty sold 10,000 shares of Live Oak Bancshares stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $39.73, for a total value of $397,300.00. Following the completion of the sale, the director now directly owns 121,941 shares in the company, valued at $4,844,715.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Live Oak Bancshares news, Director Miltom Emmett Petty sold 10,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $39.73, for a total value of $397,300.00. Following the completion of the transaction, the director now directly owns 121,941 shares in the company, valued at $4,844,715.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Micah S. Davis sold 8,613 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $39.87, for a total transaction of $343,400.31. Following the completion of the transaction, the insider now owns 43,864 shares of the company's stock, valued at $1,748,857.68. The disclosure for this sale can be found here. 23.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Live Oak Bancshares

Large investors have recently added to or reduced their stakes in the company. Amundi purchased a new stake in shares of Live Oak Bancshares during the fourth quarter worth about $92,000. Point72 Hong Kong Ltd grew its stake in shares of Live Oak Bancshares by 82.9% during the first quarter. Point72 Hong Kong Ltd now owns 2,785 shares of the bank's stock worth $142,000 after acquiring an additional 1,262 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Live Oak Bancshares during the second quarter worth about $146,000. Ensign Peak Advisors Inc grew its stake in shares of Live Oak Bancshares by 326.3% during the third quarter. Ensign Peak Advisors Inc now owns 5,030 shares of the bank's stock worth $154,000 after acquiring an additional 3,850 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Live Oak Bancshares by 12.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,463 shares of the bank's stock worth $165,000 after acquiring an additional 616 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOB has been the subject of a number of recent research reports. TheStreet lowered shares of Live Oak Bancshares from a "b-" rating to a "c+" rating in a report on Monday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Live Oak Bancshares from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Friday, January 26th. Truist Financial reissued a "buy" rating and set a $47.00 target price on shares of Live Oak Bancshares in a research note on Monday, April 1st. Finally, StockNews.com lowered shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Live Oak Bancshares presently has an average rating of "Hold" and a consensus target price of $41.50.

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.