Live Oak Bancshares Inc (NASDAQ:LOB) EVP Acquires $19,775.00 in Stock
Live Oak Bancshares Inc (NASDAQ:LOB) EVP William L. Williams III purchased 1,250 shares of Live Oak Bancshares stock in a transaction on Monday, July 27th. The shares were acquired at an average cost of $15.82 per share, with a total value of $19,775.00. Following the completion of the transaction, the executive vice president now directly owns 48,100 shares in the company, valued at approximately $760,942. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ LOB opened at $17.01 on Friday. The firm has a market cap of $702.00 million, a PE ratio of 101.94 and a beta of 1.12. The firm has a fifty day moving average of $14.69 and a 200 day moving average of $14.61. Live Oak Bancshares Inc has a one year low of $7.57 and a one year high of $20.17.
Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The company had revenue of $63.31 million during the quarter, compared to analyst estimates of $55.34 million. Live Oak Bancshares had a net margin of 2.15% and a return on equity of 1.35%. As a group, research analysts predict that Live Oak Bancshares Inc will post 0.47 EPS for the current fiscal year.
Several research firms have recently weighed in on LOB. Itau BBA Securities lowered shares of Live Oak Bancshares from an “outperform” rating to a “market perform” rating and set a $130.00 target price for the company. in a report on Tuesday, May 12th. BidaskClub raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, May 27th. Zacks Investment Research raised shares of Live Oak Bancshares from a “sell” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Wednesday. ValuEngine raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, April 23rd. Finally, SunTrust Banks lifted their target price on shares of Live Oak Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Live Oak Bancshares has an average rating of “Buy” and an average price target of $55.00.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.
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