Live Oak Bancshares, Inc. (NYSE:LOB) Receives $44.20 Average Price Target from Analysts

Shares of Live Oak Bancshares, Inc. (NYSE:LOB) have been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $44.20.

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Live Oak Bancshares in a report on Thursday, January 22nd. Zacks Research raised Live Oak Bancshares from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, TD Cowen cut their price target on Live Oak Bancshares from $53.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd.

Insider Transactions at Live Oak Bancshares

In other Live Oak Bancshares news, CFO Walter J. Phifer sold 4,712 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $36.58, for a total value of $172,364.96. Following the completion of the transaction, the chief financial officer owned 10,103 shares of the company’s stock, valued at $369,567.74. This represents a 31.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Gregory W. Seward sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $36.70, for a total value of $110,100.00. Following the completion of the transaction, the general counsel directly owned 113,797 shares of the company’s stock, valued at approximately $4,176,349.90. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 17,412 shares of company stock worth $660,862. Insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On Live Oak Bancshares

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in shares of Live Oak Bancshares by 60.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,364 shares of the company’s stock valued at $49,000 after purchasing an additional 512 shares during the period. Larson Financial Group LLC grew its stake in shares of Live Oak Bancshares by 157.4% in the 4th quarter. Larson Financial Group LLC now owns 1,480 shares of the company’s stock valued at $51,000 after purchasing an additional 905 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of Live Oak Bancshares in the 4th quarter valued at approximately $55,000. State of Alaska Department of Revenue bought a new stake in shares of Live Oak Bancshares in the 3rd quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Live Oak Bancshares by 138.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the company’s stock valued at $95,000 after purchasing an additional 1,850 shares during the period. 63.95% of the stock is currently owned by institutional investors.

Live Oak Bancshares Stock Performance

LOB opened at $35.72 on Thursday. Live Oak Bancshares has a one year low of $22.86 and a one year high of $42.89. The company has a market capitalization of $1.64 billion, a PE ratio of 16.09 and a beta of 1.90. The stock’s fifty day moving average is $36.26 and its 200-day moving average is $35.15.

Live Oak Bancshares (NYSE:LOB) last posted its quarterly earnings data on Wednesday, January 21st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.39. The business had revenue of $161.86 million during the quarter. Live Oak Bancshares had a return on equity of 9.71% and a net margin of 10.09%.

Live Oak Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Thursday, March 5th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.3%. Live Oak Bancshares’s dividend payout ratio is 5.41%.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.