Live Oak Bancshares (NYSE:LOB – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.39, Zacks reports. Live Oak Bancshares had a net margin of 6.94% and a return on equity of 6.61%.
Live Oak Bancshares Price Performance
Shares of NYSE:LOB traded up $2.19 during trading hours on Wednesday, hitting $38.90. The stock had a trading volume of 474,822 shares, compared to its average volume of 312,138. The firm has a fifty day moving average price of $34.18. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 26.11 and a beta of 2.02. Live Oak Bancshares has a 1-year low of $22.68 and a 1-year high of $41.56.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. TD Cowen upgraded shares of Live Oak Bancshares to a “strong-buy” rating in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Live Oak Bancshares in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
Live Oak Bancshares Company Profile
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.
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