Live Oak Bancshares, Inc. Announces Quarterly Dividend of $0.03 (NASDAQ:LOB)

Live Oak Bancshares, Inc. (NASDAQ:LOB) declared a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.03 per share by the bank on Tuesday, March 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Tuesday, February 25th.

Live Oak Bancshares has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Live Oak Bancshares to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.5%.

Live Oak Bancshares Price Performance

Shares of LOB stock opened at $31.89 on Friday. The business has a 50-day moving average of $37.52 and a 200 day moving average of $42.28. Live Oak Bancshares has a 1-year low of $31.03 and a 1-year high of $50.57. The stock has a market capitalization of $1.44 billion, a PE ratio of 22.00 and a beta of 1.67.

Wall Street Analyst Weigh In

Several brokerages recently commented on LOB. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. Truist Financial dropped their price objective on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating for the company in a report on Monday, October 28th.

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.