Live Oak Bancshares (LOB) Given Media Sentiment Rating of 0.12
Media stories about Live Oak Bancshares (NASDAQ:LOB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Oak Bancshares earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.0934763742875 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Live Oak Bancshares (NASDAQ LOB) traded up $0.40 during trading on Friday, hitting $23.90. 50,435 shares of the stock were exchanged, compared to its average volume of 71,756. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05. Live Oak Bancshares has a one year low of $18.00 and a one year high of $26.35. The company has a market cap of $937.09, a P/E ratio of 25.70 and a beta of -0.03.
Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. Live Oak Bancshares had a net margin of 17.68% and a return on equity of 13.60%. The company had revenue of $46.09 million for the quarter, compared to the consensus estimate of $42.56 million. equities analysts expect that Live Oak Bancshares will post 1.07 EPS for the current year.
LOB has been the subject of several recent analyst reports. TheStreet raised shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub lowered shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. SunTrust Banks reissued a “buy” rating and set a $27.00 price objective on shares of Live Oak Bancshares in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Live Oak Bancshares in a report on Monday, October 16th. They set a “market perform” rating and a $26.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.
In other Live Oak Bancshares news, Director Glen F. Hoffsis purchased 1,400 shares of Live Oak Bancshares stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $23.50 per share, for a total transaction of $32,900.00. Following the transaction, the director now owns 85,382 shares in the company, valued at approximately $2,006,477. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 30.10% of the company’s stock.
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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