Susan N. Janson Purchases 1,000 Shares of Live Oak Bancshares Inc (NASDAQ:LOB) Stock

Live Oak Bancshares Inc (NASDAQ:LOB) insider Susan N. Janson bought 1,000 shares of Live Oak Bancshares stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $15.76 per share, with a total value of $15,760.00. Following the acquisition, the insider now owns 3,000 shares in the company, valued at approximately $47,280. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

LOB stock opened at $16.62 on Wednesday. The firm has a market capitalization of $633.69 million, a PE ratio of 12.59 and a beta of 1.00. Live Oak Bancshares Inc has a 1 year low of $13.09 and a 1 year high of $32.95.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $43.63 million for the quarter, compared to the consensus estimate of $42.99 million. Live Oak Bancshares had a return on equity of 9.15% and a net margin of 15.69%. As a group, research analysts predict that Live Oak Bancshares Inc will post 0.38 earnings per share for the current year.



The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. Live Oak Bancshares’s dividend payout ratio (DPR) is currently 9.09%.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. ValuEngine downgraded Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Live Oak Bancshares has a consensus rating of “Hold” and an average target price of $16.50.

Several hedge funds have recently added to or reduced their stakes in LOB. Ladenburg Thalmann Financial Services Inc. lifted its position in Live Oak Bancshares by 129.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,213 shares of the bank’s stock valued at $62,000 after purchasing an additional 2,373 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Live Oak Bancshares by 58,766.7% during the first quarter. BNP Paribas Arbitrage SA now owns 5,298 shares of the bank’s stock valued at $77,000 after purchasing an additional 5,289 shares in the last quarter. Legacy Advisors LLC purchased a new position in Live Oak Bancshares during the first quarter valued at $80,000. Metropolitan Life Insurance Co. NY lifted its position in Live Oak Bancshares by 290.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,503 shares of the bank’s stock valued at $126,000 after purchasing an additional 6,327 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Live Oak Bancshares during the first quarter valued at $152,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

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Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.

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