Live Oak Bancshares, Inc. (NASDAQ:LOB) Director William Henderson Cameron Buys 1,000 Shares of Stock

Live Oak Bancshares, Inc. (NASDAQ:LOB) Director William Henderson Cameron acquired 1,000 shares of Live Oak Bancshares stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $39.76 per share, with a total value of $39,760.00. Following the transaction, the director now owns 202,217 shares of the company’s stock, valued at $8,040,147.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Live Oak Bancshares Stock Down 0.7 %

LOB stock opened at $39.71 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 24.97 and a beta of 1.60. The firm’s 50-day simple moving average is $45.07 and its 200 day simple moving average is $39.61. Live Oak Bancshares, Inc. has a fifty-two week low of $28.07 and a fifty-two week high of $50.57.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.25). Live Oak Bancshares had a return on equity of 7.81% and a net margin of 7.99%. The business had revenue of $241.87 million for the quarter, compared to analyst estimates of $126.63 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities analysts forecast that Live Oak Bancshares, Inc. will post 2.16 EPS for the current fiscal year.

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 paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Tuesday, September 3rd. Live Oak Bancshares’s dividend payout ratio is currently 7.55%.

Hedge Funds Weigh In On Live Oak Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC boosted its stake in Live Oak Bancshares by 87.5% during the 3rd quarter. nVerses Capital LLC now owns 1,500 shares of the bank’s stock valued at $71,000 after purchasing an additional 700 shares in the last quarter. Quest Partners LLC boosted its stake in Live Oak Bancshares by 68.4% during the second quarter. Quest Partners LLC now owns 2,026 shares of the bank’s stock valued at $71,000 after buying an additional 823 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Live Oak Bancshares by 1,885.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,323 shares of the bank’s stock worth $81,000 after acquiring an additional 2,206 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Live Oak Bancshares in the first quarter worth about $129,000. Finally, New York State Teachers Retirement System raised its position in Live Oak Bancshares by 161.4% in the third quarter. New York State Teachers Retirement System now owns 3,165 shares of the bank’s stock worth $150,000 after acquiring an additional 1,954 shares in the last quarter. Institutional investors own 63.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LOB shares. Truist Financial reduced their price objective on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler dropped their price objective on shares of Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $47.00 price target (up previously from $40.00) on shares of Live Oak Bancshares in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.50.

About Live Oak Bancshares

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.