Live Oak Bancshares (NYSE:LOB) Insider Mark Michael Moroz Sells 6,100 Shares of Stock

Live Oak Bancshares, Inc. (NYSE:LOB) insider Mark Michael Moroz sold 6,100 shares of Live Oak Bancshares stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $42.08, for a total value of $256,688.00. Following the completion of the transaction, the insider owned 12,110 shares in the company, valued at $509,588.80. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Live Oak Bancshares Stock Down 0.7%

Shares of NYSE:LOB opened at $42.61 on Thursday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 15.00 and a beta of 1.88. The business has a 50 day moving average price of $39.86 and a 200 day moving average price of $37.85. Live Oak Bancshares, Inc. has a twelve month low of $29.36 and a twelve month high of $43.85.

Live Oak Bancshares (NYSE:LOB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $156.15 million during the quarter. Live Oak Bancshares had a return on equity of 11.95% and a net margin of 12.68%. Analysts anticipate that Live Oak Bancshares, Inc. will post 3.07 EPS for the current year.

Live Oak Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Tuesday, June 2nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, June 2nd. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 4.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOB. Weiss Ratings upgraded Live Oak Bancshares from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Piper Sandler increased their price objective on shares of Live Oak Bancshares from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Zacks Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. TD Cowen increased their price target on shares of Live Oak Bancshares from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on Live Oak Bancshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Live Oak Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $46.20.

Institutional Investors Weigh In On Live Oak Bancshares

Several large investors have recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in Live Oak Bancshares by 157.4% in the fourth quarter. Larson Financial Group LLC now owns 1,480 shares of the company’s stock valued at $51,000 after buying an additional 905 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Live Oak Bancshares in the fourth quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in shares of Live Oak Bancshares by 671.6% in the first quarter. Blue Trust Inc. now owns 2,122 shares of the company’s stock valued at $70,000 after acquiring an additional 1,847 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Live Oak Bancshares by 138.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,182 shares of the company’s stock worth $95,000 after acquiring an additional 1,850 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Live Oak Bancshares by 15.0% in the 4th quarter. CWM LLC now owns 4,926 shares of the company’s stock worth $169,000 after acquiring an additional 642 shares in the last quarter. Institutional investors own 63.95% of the company’s stock.

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.