Live Oak Bancshares Inc (NASDAQ:LOB) EVP William L. Williams III acquired 1,250 shares of the company’s stock in a transaction on Monday, July 27th. The shares were bought at an average price of $15.82 per share, with a total value of $19,775.00. Following the completion of the purchase, the executive vice president now directly owns 48,100 shares of the company’s stock, valued at $760,942. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Live Oak Bancshares stock opened at $17.01 on Friday. The business’s 50-day simple moving average is $14.69 and its 200 day simple moving average is $14.61. The stock has a market cap of $689.04 million, a price-to-earnings ratio of 100.06 and a beta of 1.12. Live Oak Bancshares Inc has a 12-month low of $7.57 and a 12-month high of $20.17.

Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $63.31 million for the quarter, compared to analysts’ expectations of $55.34 million. Live Oak Bancshares had a return on equity of 1.35% and a net margin of 2.15%. Research analysts predict that Live Oak Bancshares Inc will post 0.47 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in Live Oak Bancshares during the fourth quarter worth about $30,000. Laurel Wealth Advisors LLC boosted its holdings in Live Oak Bancshares by 100.0% during the first quarter. Laurel Wealth Advisors LLC now owns 3,200 shares of the bank’s stock worth $40,000 after buying an additional 1,600 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Live Oak Bancshares by 90.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,500 shares of the bank’s stock worth $47,000 after buying an additional 1,185 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Live Oak Bancshares by 124.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,908 shares of the bank’s stock worth $57,000 after buying an additional 2,167 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in Live Oak Bancshares during the first quarter worth about $67,000. Institutional investors and hedge funds own 43.04% of the company’s stock.

A number of analysts have recently weighed in on the company. Itau BBA Securities lowered Live Oak Bancshares from an “outperform” rating to a “market perform” rating and set a $130.00 target price for the company. in a research note on Tuesday, May 12th. ValuEngine upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, April 23rd. BidaskClub upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, May 27th. SunTrust Banks raised their target price on Live Oak Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Investment Research upgraded Live Oak Bancshares from a “sell” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Live Oak Bancshares presently has a consensus rating of “Buy” and an average target price of $55.00.

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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