News coverage about Live Oak Bancshares (NASDAQ:LOB) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the bank an impact score of 44.4434686722521 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have commented on the company. BidaskClub upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill reaffirmed a “buy” rating and set a $30.00 target price on shares of Live Oak Bancshares in a research note on Thursday, January 25th. TheStreet upgraded Live Oak Bancshares from a “c” rating to a “b” rating in a report on Monday, February 26th. Finally, Zacks Investment Research upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $28.25.
Shares of Live Oak Bancshares (NASDAQ:LOB) opened at $27.75 on Wednesday. The firm has a market capitalization of $1,106.56, a PE ratio of 23.13 and a beta of 0.23. Live Oak Bancshares has a 12-month low of $20.40 and a 12-month high of $28.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.12 annualized dividend and a yield of 0.43%. Live Oak Bancshares’s dividend payout ratio is presently 4.78%.
In related news, CFO S. Brett Caines sold 7,429 shares of Live Oak Bancshares stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $26.92, for a total transaction of $199,988.68. Following the completion of the transaction, the chief financial officer now directly owns 423,384 shares of the company’s stock, valued at $11,397,497.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 93,914 shares of company stock valued at $2,499,843. 30.10% of the stock is currently owned by insiders.
About Live Oak Bancshares
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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