Diane Beth Glossman Buys 2,000 Shares of Live Oak Bancshares Inc (LOB) Stock
Live Oak Bancshares Inc (NASDAQ:LOB) Director Diane Beth Glossman purchased 2,000 shares of the business’s stock in a transaction on Monday, January 28th. The stock was acquired at an average price of $13.87 per share, with a total value of $27,740.00. Following the completion of the acquisition, the director now directly owns 30,102 shares in the company, valued at approximately $417,514.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
LOB stock opened at $13.90 on Friday. The firm has a market cap of $552.41 million, a PE ratio of 10.42 and a beta of 0.99. Live Oak Bancshares Inc has a 52 week low of $13.09 and a 52 week high of $32.95.
Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. The business had revenue of $46.86 million during the quarter, compared to the consensus estimate of $48.76 million. Live Oak Bancshares had a return on equity of 11.79% and a net margin of 19.31%. Research analysts predict that Live Oak Bancshares Inc will post 0.26 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Hudock Capital Group LLC purchased a new stake in Live Oak Bancshares during the 4th quarter worth $44,000. Advisors Asset Management Inc. purchased a new position in Live Oak Bancshares in the 3rd quarter valued at about $107,000. NJ State Employees Deferred Compensation Plan purchased a new position in Live Oak Bancshares in the 3rd quarter valued at about $268,000. Virginia Retirement Systems ET AL purchased a new position in Live Oak Bancshares in the 3rd quarter valued at about $429,000. Finally, OppenheimerFunds Inc. purchased a new position in Live Oak Bancshares in the 2nd quarter valued at about $448,000. Institutional investors and hedge funds own 47.67% of the company’s stock.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc operates as a bank holding company for Live Oak Banking Company, which operates an established national online platform for small business lending. The firm is focused on lending to small businesses and professionals in the veterinary practices, healthcare services, independent pharmacies, death care management, investment advisors, family entertainment centers and poultry agriculture regions.
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