Live Oak Bancshares, Inc. (LOB) To Go Ex-Dividend on June 2nd

Live Oak Bancshares, Inc. (NYSE:LOB) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of 0.03 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Live Oak Bancshares has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.0%.

Live Oak Bancshares Stock Up 1.2%

Shares of NYSE:LOB opened at $38.07 on Friday. The company has a market cap of $1.76 billion, a P/E ratio of 14.58 and a beta of 1.92. Live Oak Bancshares has a 52 week low of $26.77 and a 52 week high of $42.89. The business has a fifty day simple moving average of $35.84 and a 200-day simple moving average of $35.84.

Live Oak Bancshares (NYSE:LOB) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $145.47 million during the quarter, compared to the consensus estimate of $146.02 million. Live Oak Bancshares had a return on equity of 11.18% and a net margin of 11.79%. Sell-side analysts expect that Live Oak Bancshares will post 2.95 earnings per share for the current fiscal year.

About Live Oak Bancshares

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.