Live Oak Bancshares Inc (NASDAQ:LOB) Short Interest Update
Live Oak Bancshares Inc (NASDAQ:LOB) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,930,000 shares, a growth of 19.1% from the September 30th total of 2,460,000 shares. Currently, 11.3% of the company’s shares are short sold. Based on an average daily volume of 154,800 shares, the short-interest ratio is presently 18.9 days.
NASDAQ:LOB traded down $0.24 during trading hours on Thursday, hitting $18.27. 137,700 shares of the company’s stock traded hands, compared to its average volume of 179,665. The firm has a market cap of $771.27 million, a P/E ratio of 13.84 and a beta of 1.07. Live Oak Bancshares has a twelve month low of $13.09 and a twelve month high of $20.46. The stock’s fifty day moving average price is $18.21 and its two-hundred day moving average price is $17.60.
Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). The business had revenue of $56.16 million for the quarter, compared to analyst estimates of $50.65 million. Live Oak Bancshares had a net margin of 7.88% and a return on equity of 4.55%. As a group, research analysts predict that Live Oak Bancshares will post 0.43 EPS for the current year.
A number of large investors have recently bought and sold shares of LOB. Capital Impact Advisors LLC raised its position in Live Oak Bancshares by 18.9% during the second quarter. Capital Impact Advisors LLC now owns 106,499 shares of the bank’s stock valued at $1,822,000 after buying an additional 16,936 shares during the period. Commonwealth Equity Services LLC increased its position in Live Oak Bancshares by 0.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 166,284 shares of the bank’s stock worth $2,851,000 after purchasing an additional 1,001 shares during the last quarter. Aperio Group LLC acquired a new position in Live Oak Bancshares in the 2nd quarter worth about $156,000. Emerald Mutual Fund Advisers Trust increased its position in Live Oak Bancshares by 194.5% in the 2nd 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 during the last quarter. Finally, Swiss National Bank increased its position in Live Oak Bancshares by 2.2% in the 2nd quarter. Swiss National Bank now owns 46,300 shares of the bank’s stock worth $794,000 after purchasing an additional 1,000 shares during the last quarter. 42.96% of the stock is currently owned by hedge funds and other institutional investors.
About Live Oak Bancshares
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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