Live Oak Bancshares Inc (LOB) Director Acquires $47,825.00 in Stock

Live Oak Bancshares Inc (NASDAQ:LOB) Director William Henderson Cameron purchased 2,500 shares of the stock in a transaction dated Friday, November 2nd. The stock was purchased at an average price of $19.13 per share, for a total transaction of $47,825.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Henderson Cameron also recently made the following trade(s):

  • On Wednesday, October 31st, William Henderson Cameron purchased 2,500 shares of Live Oak Bancshares stock. The stock was purchased at an average price of $18.42 per share, for a total transaction of $46,050.00.

NASDAQ:LOB opened at $19.47 on Friday. Live Oak Bancshares Inc has a fifty-two week low of $18.15 and a fifty-two week high of $32.95. The stock has a market capitalization of $755.38 million, a PE ratio of 15.58 and a beta of 0.80. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.01.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $52.06 million for the quarter, compared to analysts’ expectations of $58.79 million. Live Oak Bancshares had a net margin of 34.19% and a return on equity of 13.50%. As a group, equities research analysts forecast that Live Oak Bancshares Inc will post 1.34 EPS for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. SunTrust Banks lowered their price target on shares of Live Oak Bancshares from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, October 29th. ValuEngine cut shares of Live Oak Bancshares from a “sell” rating to a “strong sell” rating in a report on Sunday, October 28th. Finally, BidaskClub cut shares of Live Oak Bancshares from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.00.

Several institutional investors have recently made changes to their positions in LOB. BlackRock Inc. raised its position in shares of Live Oak Bancshares by 14.5% in the 2nd quarter. BlackRock Inc. now owns 1,608,387 shares of the bank’s stock valued at $49,297,000 after purchasing an additional 204,144 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Live Oak Bancshares by 88.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 323,513 shares of the bank’s stock valued at $9,916,000 after purchasing an additional 152,183 shares during the last quarter. First Trust Advisors LP raised its position in shares of Live Oak Bancshares by 292.7% in the 2nd quarter. First Trust Advisors LP now owns 162,060 shares of the bank’s stock valued at $4,967,000 after purchasing an additional 120,788 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in shares of Live Oak Bancshares in the 2nd quarter valued at approximately $1,784,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of Live Oak Bancshares in the 2nd quarter valued at approximately $1,449,000. 44.41% of the stock is owned by hedge funds and other institutional investors.

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About Live Oak Bancshares

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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