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NASDAQ:LOB

Live Oak Bancshares - LOB Stock Forecast, Price & News

$42.86
-0.33 (-0.76%)
(As of 08/16/2022 03:46 PM ET)
Add
Compare
Today's Range
$42.24
$43.24
50-Day Range
$31.11
$43.19
52-Week Range
$30.24
$99.89
Volume
3,693 shs
Average Volume
323,129 shs
Market Capitalization
$1.88 billion
P/E Ratio
9.88
Dividend Yield
0.28%
Price Target
$47.75

Live Oak Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.1% Upside
$47.75 Price Target
Short Interest
Healthy
6.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of Live Oak Bancshares in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.67%
From $2.22 to $2.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Finance Sector

325th out of 924 stocks

State Commercial Banks Industry

69th out of 192 stocks

LOB stock logo

About Live Oak Bancshares (NASDAQ:LOB) Stock

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. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.

Live Oak Bancshares Stock Up 1.4 %

Shares of LOB opened at $43.19 on Tuesday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 9.95 and a beta of 1.54. The firm has a fifty day simple moving average of $35.73 and a two-hundred day simple moving average of $45.68. Live Oak Bancshares has a twelve month low of $30.24 and a twelve month high of $99.89.

Live Oak Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.03 per share. The ex-dividend date was Friday, May 27th. This represents a $0.12 annualized dividend and a yield of 0.28%. Live Oak Bancshares's payout ratio is currently 2.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOB. TheStreet lowered shares of Live Oak Bancshares from a "b-" rating to a "c" rating in a report on Thursday, June 23rd. Piper Sandler cut their price objective on shares of Live Oak Bancshares from $51.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, June 29th. JPMorgan Chase & Co. cut shares of Live Oak Bancshares from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $58.00 to $41.00 in a research note on Friday, July 1st. Truist Financial upped their price objective on shares of Live Oak Bancshares from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Monday. Finally, Raymond James cut shares of Live Oak Bancshares from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $47.75.

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LOB Stock News Headlines

Is it a Smart Choice to Invest in Live Oak (LOB)?
Is Upstart Ready to Grow in New Territory?
Expert Ratings for Live Oak Bancshares
JPMorgan Chase downgrades three regional banks
Live Oak Bancshares is Oversold
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LOB Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 6/14 Dividend
5/27/2022
Dividend Payable
6/14/2022
Today
8/16/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:LOB
Employees
788
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$47.75
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$166.99 million
Pretax Margin
42.90%

Debt

Sales & Book Value

Annual Sales
$521.41 million
Cash Flow
$4.49 per share
Book Value
$16.40 per share

Miscellaneous

Free Float
32,544,000
Market Cap
$1.88 billion
Optionable
Optionable
Beta
1.54














LOB Stock - Frequently Asked Questions

Should I buy or sell Live Oak Bancshares stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Live Oak Bancshares in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" LOB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOB, but not buy additional shares or sell existing shares.
View LOB analyst ratings
or view top-rated stocks.

What is Live Oak Bancshares' stock price forecast for 2022?

4 brokerages have issued twelve-month price objectives for Live Oak Bancshares' stock. Their LOB share price forecasts range from $40.00 to $55.00. On average, they expect the company's share price to reach $47.75 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for LOB
or view top-rated stocks among Wall Street analysts.

How have LOB shares performed in 2022?

Live Oak Bancshares' stock was trading at $87.29 at the beginning of the year. Since then, LOB shares have decreased by 50.5% and is now trading at $43.19.
View the best growth stocks for 2022 here
.

When is Live Oak Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our LOB earnings forecast
.

How were Live Oak Bancshares' earnings last quarter?

Live Oak Bancshares, Inc. (NASDAQ:LOB) released its quarterly earnings data on Tuesday, October, 26th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. The bank had revenue of $103.01 million for the quarter, compared to analysts' expectations of $99.12 million. Live Oak Bancshares had a net margin of 32.74% and a trailing twelve-month return on equity of 26.88%. During the same period in the prior year, the firm earned $0.83 earnings per share.

How often does Live Oak Bancshares pay dividends? What is the dividend yield for Live Oak Bancshares?

Live Oak Bancshares announced a quarterly dividend on Thursday, May 19th. Investors of record on Tuesday, May 31st will be given a dividend of $0.03 per share on Tuesday, June 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, May 27th.
Read our dividend analysis for LOB
.

Is Live Oak Bancshares a good dividend stock?

Live Oak Bancshares (NASDAQ:LOB) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.28%. The dividend payout ratio is 2.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LOB will have a dividend payout ratio of 4.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LOB.

What is Chip Mahan III's approval rating as Live Oak Bancshares' CEO?

17 employees have rated Live Oak Bancshares Chief Executive Officer Chip Mahan III on Glassdoor.com. Chip Mahan III has an approval rating of 94% among the company's employees. This puts Chip Mahan III in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Live Oak Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Live Oak Bancshares investors own include NVIDIA (NVDA), Walt Disney (DIS), Stitch Fix (SFIX), Wix.com (WIX), Zscaler (ZS), Appian (APPN), Fastly (FSLY), Block (SQ), Teladoc Health (TDOC) and Trade Desk (TTD).

When did Live Oak Bancshares IPO?

(LOB) raised $68 million in an initial public offering (IPO) on Thursday, July 23rd 2015. The company issued 4,000,000 shares at a price of $16.00-$18.00 per share. Sandler O�Neill & Partners, L.P served as the underwriter for the IPO and Keefe Bruyette & Woods (A Stifle Company) and SunTrust Robinson Humphrey were co-managers.

What is Live Oak Bancshares' stock symbol?

Live Oak Bancshares trades on the NASDAQ under the ticker symbol "LOB."

Who are Live Oak Bancshares' major shareholders?

Live Oak Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.64%), abrdn plc (1.99%), Artisan Partners Limited Partnership (1.77%), Emerald Mutual Fund Advisers Trust (0.93%), Emerald Advisers LLC (0.80%) and Renaissance Technologies LLC (0.73%). Insiders that own company stock include David G Salyers, Diane Beth Glossman, Gregory W Seward, H K Landis, Huntley Garriott, James S Mahan III, John W Sutherland, Neil Lawrence Underwood, Steve Smits, Susan N Janson, Tonya Williams Bradford, William C Losch III and William L Williams III.
View institutional ownership trends
.

How do I buy shares of Live Oak Bancshares?

Shares of LOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Live Oak Bancshares' stock price today?

One share of LOB stock can currently be purchased for approximately $43.19.

How much money does Live Oak Bancshares make?

Live Oak Bancshares (NASDAQ:LOB) has a market capitalization of $1.89 billion and generates $521.41 million in revenue each year. The bank earns $166.99 million in net income (profit) each year or $4.34 on an earnings per share basis.

How many employees does Live Oak Bancshares have?

The company employs 788 workers across the globe.

How can I contact Live Oak Bancshares?

Live Oak Bancshares' mailing address is 1741 TIBURON DRIVE, WILMINGTON NC, 28403. The official website for the company is www.liveoakbank.com. The bank can be reached via phone at (910) 790-5867 or via fax at 910-790-5868.

This page (NASDAQ:LOB) was last updated on 8/16/2022 by MarketBeat.com Staff

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