Live Oak Bancshares (NASDAQ:LOB – Get Free Report) released its quarterly earnings data on Wednesday. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13, Zacks reports. Live Oak Bancshares had a return on equity of 10.25% and a net margin of 10.62%. The firm had revenue of $232.61 million during the quarter, compared to analyst estimates of $123.08 million. During the same period in the prior year, the company posted $0.39 earnings per share.
Live Oak Bancshares Trading Up 3.8 %
Live Oak Bancshares stock traded up $1.63 during mid-day trading on Thursday, hitting $44.50. The stock had a trading volume of 357,813 shares, compared to its average volume of 179,399. The stock has a 50-day simple moving average of $35.22 and a two-hundred day simple moving average of $37.47. The stock has a market capitalization of $2.00 billion, a PE ratio of 22.36 and a beta of 1.62. Live Oak Bancshares has a 12 month low of $26.11 and a 12 month high of $47.22.
Live Oak Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 6.03%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on LOB
Insider Activity at Live Oak Bancshares
In related news, Director Tonya Williams Bradford sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $35.97, for a total value of $93,522.00. Following the transaction, the director now owns 5,870 shares in the company, valued at $211,143.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.90% of the stock is owned by company insiders.
Live Oak Bancshares Company Profile
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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