Live Oak Bancshares (NASDAQ:LOB) posted its earnings results on Wednesday. The bank reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05, Fidelity Earnings reports. Live Oak Bancshares had a net margin of 35.16% and a return on equity of 13.41%. The firm had revenue of $52.06 million during the quarter, compared to the consensus estimate of $58.79 million.
Shares of LOB stock traded down $0.48 during trading on Friday, reaching $18.79. The company’s stock had a trading volume of 33,760 shares, compared to its average volume of 139,088. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0.90. The stock has a market capitalization of $892.18 million, a P/E ratio of 15.03 and a beta of 0.15. Live Oak Bancshares has a 1-year low of $19.24 and a 1-year high of $32.95.
In other Live Oak Bancshares news, Vice Chairman William L. Williams III purchased 35,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was acquired at an average price of $28.27 per share, for a total transaction of $989,450.00. Following the completion of the purchase, the insider now directly owns 28,100 shares in the company, valued at approximately $794,387. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO James S. Mahan III bought 40,200 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were bought at an average cost of $29.43 per share, with a total value of $1,183,086.00. The disclosure for this purchase can be found here. Insiders sold 27,310 shares of company stock valued at $799,996 in the last 90 days. Company insiders own 25.70% of the company’s stock.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.
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