Live Oak Bancshares, Inc. (NYSE:LOB) to Issue Quarterly Dividend of $0.03

Live Oak Bancshares, Inc. (NYSE:LOB) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.03 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, September 1st.

Live Oak Bancshares has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Live Oak Bancshares to earn $4.19 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 2.9%.

Live Oak Bancshares Price Performance

Shares of Live Oak Bancshares stock opened at $42.56 on Wednesday. The firm has a market cap of $1.97 billion, a PE ratio of 14.99 and a beta of 1.87. Live Oak Bancshares has a 1 year low of $29.36 and a 1 year high of $44.53. The stock has a fifty day moving average price of $41.38 and a 200-day moving average price of $38.36.

Live Oak Bancshares (NYSE:LOB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $156.15 million for the quarter. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. As a group, equities analysts anticipate that Live Oak Bancshares will post 3.07 EPS 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.