Live Oak Bancshares (NASDAQ:LOB – Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.25), Yahoo Finance reports. The company had revenue of $241.87 million during the quarter, compared to analysts’ expectations of $126.63 million. Live Oak Bancshares had a return on equity of 10.93% and a net margin of 11.22%. During the same quarter in the prior year, the business posted $0.88 EPS.
Live Oak Bancshares Trading Down 5.2 %
Shares of Live Oak Bancshares stock traded down $2.18 on Friday, hitting $39.65. 261,905 shares of the company traded hands, compared to its average volume of 177,901. The stock’s 50 day moving average price is $45.13 and its 200-day moving average price is $39.59. Live Oak Bancshares has a 52 week low of $27.79 and a 52 week high of $50.57. The company has a market cap of $1.79 billion, a PE ratio of 21.36 and a beta of 1.60.
Live Oak Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, September 3rd. Live Oak Bancshares’s dividend payout ratio is presently 5.48%.
Wall Street Analyst Weigh In
Insider Buying and Selling
In related news, CAO John W. Sutherland sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $43.00, for a total value of $860,000.00. Following the completion of the transaction, the chief accounting officer now owns 26,603 shares of the company’s stock, valued at $1,143,929. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.90% of the stock is currently owned by insiders.
About Live Oak Bancshares
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.
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