Live Oak Bancshares, Inc. (LOB) to Issue Quarterly Dividend of $0.03 on March 11th

Posted by Latisha Jones on Feb 13th, 2025

Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Free Report) declared a quarterly dividend on Tuesday, February 11th,NASDAQ Dividends reports. Stockholders of record on Tuesday, February 25th will be paid a dividend of 0.03 per share by the bank on Tuesday, March 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, February 25th.

Live Oak Bancshares has a dividend payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Live Oak Bancshares to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.5%.

Live Oak Bancshares Stock Down 3.8 %

Shares of NASDAQ LOB opened at $34.85 on Thursday. The business’s 50 day moving average price is $39.14 and its two-hundred day moving average price is $42.73. The company has a market cap of $1.57 billion, a PE ratio of 24.59 and a beta of 1.67. Live Oak Bancshares has a twelve month low of $31.03 and a twelve month high of $50.57.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler cut their price target on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. Finally, Truist Financial reduced their target price on shares of Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating for the company in a report on Monday, October 28th.

View Our Latest Research Report on LOB

About Live Oak Bancshares

(Get Free Report)

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.