Live Oak Bancshares (NASDAQ:LOB – Get Free Report) issued its earnings results on Wednesday. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13, Zacks reports. Live Oak Bancshares had a return on equity of 10.25% and a net margin of 10.62%. The business had revenue of $232.61 million during the quarter, compared to analysts’ expectations of $123.08 million. During the same quarter in the previous year, the business earned $0.39 EPS.
Live Oak Bancshares Price Performance
Live Oak Bancshares stock traded up $1.63 during midday trading on Thursday, hitting $44.50. 357,813 shares of the company were exchanged, compared to its average volume of 179,399. The company’s fifty day moving average price is $35.22 and its 200-day moving average price is $37.47. The company has a market cap of $2.00 billion, a PE ratio of 22.36 and a beta of 1.62. Live Oak Bancshares has a fifty-two week low of $26.11 and a fifty-two week high of $47.22.
Live Oak Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date was Tuesday, June 4th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 6.03%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Live Oak Bancshares
Insider Buying and Selling
In related news, Director Tonya Williams Bradford sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $35.97, for a total transaction of $93,522.00. Following the transaction, the director now directly owns 5,870 shares of the company’s stock, valued at approximately $211,143.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.90% of the stock is currently owned by corporate insiders.
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.
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