Live Oak Bancshares, Inc. (NYSE:LOB - Get Free Report) insider Mark Michael Moroz sold 6,100 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $42.08, for a total value of $256,688.00. Following the completion of the sale, the insider owned 12,110 shares of the company's stock, valued at approximately $509,588.80. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Live Oak Bancshares Stock Down 0.7%

Live Oak Bancshares stock opened at $42.61 on Thursday. The stock has a 50-day simple moving average of $39.86 and a 200 day simple moving average of $37.85. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.00 and a beta of 1.88. Live Oak Bancshares, Inc. has a 12-month low of $29.36 and a 12-month high of $43.85.

Live Oak Bancshares (NYSE:LOB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.10. The firm had revenue of $156.15 million for the quarter. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.95%. As a group, sell-side analysts anticipate that Live Oak Bancshares, Inc. will post 3.07 EPS for the current year.

Live Oak Bancshares Dividend Announcement

---

---

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. Live Oak Bancshares's dividend payout ratio is 4.23%.

Hedge Funds Weigh In On Live Oak Bancshares

Several large investors have recently bought and sold shares of LOB. William Blair Investment Management LLC acquired a new position in shares of Live Oak Bancshares during the 4th quarter worth about $22,278,000. NewEdge Wealth LLC acquired a new position in shares of Live Oak Bancshares in the fourth quarter valued at approximately $43,261,000. UBS Group AG boosted its holdings in shares of Live Oak Bancshares by 29.4% in the fourth quarter. UBS Group AG now owns 160,710 shares of the company's stock valued at $5,520,000 after buying an additional 36,525 shares during the period. Royce & Associates LP bought a new stake in shares of Live Oak Bancshares during the fourth quarter worth $8,496,000. Finally, Sovran Advisors LLC bought a new stake in shares of Live Oak Bancshares during the fourth quarter worth $1,134,000. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LOB. Keefe, Bruyette & Woods boosted their price objective on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Cantor Fitzgerald increased their price objective on Live Oak Bancshares from $41.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Piper Sandler lifted their target price on Live Oak Bancshares from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. TD Cowen boosted their target price on Live Oak Bancshares from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Weiss Ratings raised Live Oak Bancshares from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Live Oak Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.20.

View Our Latest Report on LOB

About Live Oak Bancshares

(Get Free Report)

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company's primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.

See Also

• Five stocks we like better than Live Oak Bancshares
• Why SK hynix Could Be the Best AI Chip Stock to Buy Now
• Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
• Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
• Why Bloom Energy May Be the Most Important AI Infrastructure Stock

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].