Analysts predict that Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Rating) will announce $101.22 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Live Oak Bancshares’ earnings. The highest sales estimate is $106.97 million and the lowest is $95.88 million. Live Oak Bancshares posted sales of $141.57 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.5%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Live Oak Bancshares will report full-year sales of $432.45 million for the current fiscal year, with estimates ranging from $422.07 million to $443.36 million. For the next fiscal year, analysts forecast that the firm will post sales of $497.18 million, with estimates ranging from $486.10 million to $513.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Live Oak Bancshares.
Live Oak Bancshares (NASDAQ:LOB – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Live Oak Bancshares had a net margin of 30.72% and a return on equity of 23.58%. During the same period last year, the company earned $0.88 earnings per share.
LOB stock opened at $43.88 on Friday. Live Oak Bancshares has a 12 month low of $41.73 and a 12 month high of $99.89. The firm has a market capitalization of $1.92 billion, a P/E ratio of 12.22 and a beta of 1.54. The firm has a 50 day moving average of $51.57 and a 200-day moving average of $69.60.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Live Oak Bancshares’s payout ratio is 3.34%.
In other news, EVP William L. Williams III bought 5,625 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were bought at an average cost of $64.37 per share, with a total value of $362,081.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steve Smits sold 2,747 shares of Live Oak Bancshares stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $63.13, for a total transaction of $173,418.11. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 9,025 shares of company stock valued at $580,835. Company insiders own 26.40% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new position in Live Oak Bancshares during the 4th quarter valued at $29,000. USA Financial Portformulas Corp purchased a new position in Live Oak Bancshares during the 4th quarter valued at $34,000. Private Capital Group LLC purchased a new position in Live Oak Bancshares during the 1st quarter valued at $39,000. Ensign Peak Advisors Inc purchased a new position in Live Oak Bancshares during the 4th quarter valued at $103,000. Finally, Dark Forest Capital Management LP purchased a new position in Live Oak Bancshares during the 3rd quarter valued at $117,000. 62.15% of the stock is currently owned by institutional investors and hedge funds.
Live Oak Bancshares Company Profile (Get Rating)
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.
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