Shares of Live Oak Bancshares Inc (NASDAQ:LOB) have earned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.67.

A number of research firms have weighed in on LOB. TheStreet cut shares of Live Oak Bancshares from a “b” rating to a “c+” rating in a report on Friday, August 16th. BidaskClub cut shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. ValuEngine raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Zacks Investment Research raised shares of Live Oak Bancshares from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Wednesday, July 31st.

NASDAQ LOB traded down $0.64 on Thursday, reaching $18.41. 30,407 shares of the company’s stock traded hands, compared to its average volume of 116,618. The firm has a market cap of $784.54 million, a price-to-earnings ratio of 13.95 and a beta of 1.07. The stock has a 50 day moving average price of $18.29 and a 200-day moving average price of $16.82. Live Oak Bancshares has a fifty-two week low of $13.09 and a fifty-two week high of $29.40.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $48.64 million during the quarter, compared to the consensus estimate of $48.56 million. Live Oak Bancshares had a net margin of 12.24% and a return on equity of 7.11%. On average, analysts expect that Live Oak Bancshares will post 0.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.65%. Live Oak Bancshares’s payout ratio is 9.09%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its stake in shares of 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 worth $77,000 after purchasing an additional 5,289 shares in the last quarter. RMB Capital Management LLC increased its stake in shares of Live Oak Bancshares by 4.5% during the second quarter. RMB Capital Management LLC now owns 805,565 shares of the bank’s stock worth $13,815,000 after purchasing an additional 34,851 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Live Oak Bancshares by 35.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 600,109 shares of the bank’s stock worth $8,888,000 after purchasing an additional 157,864 shares in the last quarter. Capital Impact Advisors LLC increased its stake in shares of Live Oak Bancshares by 18.9% during the second quarter. Capital Impact Advisors LLC now owns 106,499 shares of the bank’s stock worth $1,822,000 after purchasing an additional 16,936 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of Live Oak Bancshares by 194.5% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 107,636 shares of the bank’s stock worth $1,846,000 after purchasing an additional 71,083 shares in the last quarter. 43.16% of the stock is owned by institutional investors.

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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