News headlines about Live Oak Bancshares (NASDAQ:LOB) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Oak Bancshares earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.3783121696309 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Financial Comparison: IBERIABANK Corporation (IBKC) vs. Live Oak Bancshares (LOB) (americanbankingnews.com)
- LIVE OAK BANCSHARES, INC. : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Cash Dividend On The Way From Live Oak Bancshares (LOB) (thestreet.com)
- Live Oak Bancshares, Inc. (NASDAQ:LOB) Sees Heavy Trading Volume with 285K Shares Changing Hands (highlightpress.com)
- Live Oak Bancshares, Inc. (LOB) Director Purchases $46,140.00 in Stock (americanbankingnews.com)
Several research analysts have recently weighed in on LOB shares. Zacks Investment Research raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, May 12th. TheStreet raised shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th.
Live Oak Bancshares (NASDAQ LOB) traded down 4.80% on Friday, hitting $21.80. 357,293 shares of the stock traded hands. Live Oak Bancshares has a 12 month low of $13.57 and a 12 month high of $26.05. The firm has a 50-day moving average price of $24.35 and a 200-day moving average price of $23.46. The company has a market capitalization of $755.68 million, a PE ratio of 31.50 and a beta of -0.15.
Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.92 million. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. Analysts forecast that Live Oak Bancshares will post $0.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.55%. This is a positive change from Live Oak Bancshares’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, August 17th. Live Oak Bancshares’s payout ratio is 17.14%.
In related news, Director Diane Beth Glossman purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $23.07 per share, with a total value of $46,140.00. Following the acquisition, the director now owns 26,892 shares in the company, valued at $620,398.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.10% of the stock is currently owned by insiders.
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Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).
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