Live Oak Bancshares, Inc. (NASDAQ:LOB) announced a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Investors of record on Monday, August 21st will be paid a dividend of 0.03 per share by the bank on Tuesday, September 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, August 17th. This is an increase from Live Oak Bancshares’s previous quarterly dividend of $0.02.
Shares of Live Oak Bancshares (NASDAQ:LOB) traded down 4.80% during mid-day trading on Friday, hitting $21.80. The company had a trading volume of 357,293 shares. Live Oak Bancshares has a 1-year low of $13.57 and a 1-year high of $26.05. The company has a market capitalization of $755.68 million, a price-to-earnings ratio of 31.50 and a beta of -0.15. The company has a 50-day moving average price of $24.35 and a 200-day moving average price of $23.46.
Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $45.06 million for the quarter, compared to the consensus estimate of $45.92 million. Live Oak Bancshares had a return on equity of 11.50% and a net margin of 13.71%. On average, equities analysts anticipate that Live Oak Bancshares will post $0.88 EPS for the current year.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. TheStreet upgraded Live Oak Bancshares from a “c” rating to a “b-” rating in a research report on Monday, July 24th.
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In other Live Oak Bancshares news, Director Diane Beth Glossman bought 2,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $23.07 per share, for a total transaction of $46,140.00. Following the transaction, the director now directly owns 26,892 shares of the company’s stock, valued at $620,398.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 30.10% of the stock is owned by company insiders.
About Live Oak Bancshares
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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