Live Oak Bancshares (LOB) Earns News Sentiment Rating of 0.21

Media headlines about Live Oak Bancshares (NASDAQ:LOB) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.4434686722521 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently issued reports on LOB. TheStreet upgraded shares of Live Oak Bancshares from a “c” rating to a “b” rating in a research note on Monday, February 26th. Zacks Investment Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 30th. Sandler O’Neill restated a “buy” rating and set a $30.00 price objective on shares of Live Oak Bancshares in a research report on Thursday, January 25th. Finally, BidaskClub upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Live Oak Bancshares presently has an average rating of “Buy” and an average target price of $28.50.

Shares of NASDAQ:LOB traded up $0.05 during trading on Thursday, hitting $27.80. 93,206 shares of the company were exchanged, compared to its average volume of 135,139. The company has a market capitalization of $1,110.61, a PE ratio of 11.08 and a beta of 0.23. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. Live Oak Bancshares has a 12-month low of $20.75 and a 12-month high of $30.05.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 14.71%. The firm had revenue of $118.42 million during the quarter, compared to the consensus estimate of $114.39 million. equities research analysts predict that Live Oak Bancshares will post 1.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.12 annualized dividend and a yield of 0.43%. Live Oak Bancshares’s dividend payout ratio (DPR) is 4.78%.

In related news, CFO S. Brett Caines sold 7,429 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $26.92, for a total value of $199,988.68. Following the completion of the sale, the chief financial officer now owns 423,384 shares in the company, valued at approximately $11,397,497.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 93,914 shares of company stock valued at $2,499,843. 30.10% of the stock is owned by insiders.

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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).

Insider Buying and Selling by Quarter for Live Oak Bancshares (NASDAQ:LOB)

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