Live Oak Bancshares (NASDAQ:LOB) Earning Somewhat Favorable Media Coverage, Study Finds
News articles about Live Oak Bancshares (NASDAQ:LOB) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Live Oak Bancshares earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.0123866982395 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Live Oak Bancshares, Inc. Prices Public Offering of Voting Common Stock (finance.yahoo.com)
- Live Oak Bancshares, Inc. (LOB) Raises Dividend to $0.03 Per Share (americanbankingnews.com)
- Live Oak Bancshares (LOB) Announces Proposed Public Offering of 4.5M Voting Common Stock (streetinsider.com)
- Live Oak Bancshares, Inc. Announces Proposed Public Offering of Voting Common Stock (finance.yahoo.com)
Live Oak Bancshares (LOB) traded up 1.77% during mid-day trading on Friday, hitting $23.05. 210,027 shares of the stock were exchanged. The stock’s 50 day moving average is $24.53 and its 200 day moving average is $23.35. The stock has a market cap of $799.01 million, a PE ratio of 33.31 and a beta of -0.15. Live Oak Bancshares has a 52-week low of $13.23 and a 52-week high of $26.05.
Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $45.06 million for the quarter, compared to the consensus estimate of $45.92 million. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.50%. Analysts forecast that Live Oak Bancshares will post $0.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.52%. This is an increase from Live Oak Bancshares’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Thursday, August 17th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 11.43%.
A number of analysts have issued reports on LOB shares. Zacks Investment Research downgraded shares of Live Oak Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th.
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Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).
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