News headlines about Live Oak Bancshares (NASDAQ:LOB) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of 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 impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.3783121696309 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Financial Comparison: IBERIABANK Corporation (IBKC) vs. Live Oak Bancshares (LOB) (americanbankingnews.com)
- LIVE OAK BANCSHARES, INC. : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Cash Dividend On The Way From Live Oak Bancshares (LOB) (thestreet.com)
- Live Oak Bancshares, Inc. (NASDAQ:LOB) Sees Heavy Trading Volume with 285K Shares Changing Hands (highlightpress.com)
- Live Oak Bancshares, Inc. (LOB) Director Purchases $46,140.00 in Stock (americanbankingnews.com)
Shares of Live Oak Bancshares (LOB) traded down 4.80% during trading on Friday, hitting $21.80. 357,293 shares of the company were exchanged. The firm has a market capitalization of $755.68 million, a PE ratio of 31.50 and a beta of -0.15. The firm’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.46. Live Oak Bancshares has a 12 month low of $13.57 and a 12 month high of $26.05.
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, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $45.06 million for the quarter, compared to analysts’ expectations of $45.92 million. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. On average, equities research analysts expect that Live Oak Bancshares will post $0.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.03 per share. This is a boost from Live Oak Bancshares’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, August 17th. This represents a $0.12 annualized dividend and a dividend yield of 0.55%. Live Oak Bancshares’s payout ratio is presently 17.14%.
LOB has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Live Oak Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a research report on Monday, July 24th.
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In related news, Director Diane Beth Glossman bought 2,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $23.07 per share, with a total value of $46,140.00. Following the completion of the transaction, the director now directly owns 26,892 shares of the company’s stock, valued at approximately $620,398.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 30.10% of the company’s stock.
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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