Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Free Report) announced a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.03 per share by the bank on Tuesday, September 17th. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Tuesday, September 3rd.
Live Oak Bancshares has a payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Live Oak Bancshares to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.2%.
Live Oak Bancshares Trading Down 0.1 %
NASDAQ LOB traded down $0.06 on Thursday, hitting $40.71. The company’s stock had a trading volume of 62,073 shares, compared to its average volume of 179,579. The firm has a market cap of $1.83 billion, a P/E ratio of 20.46 and a beta of 1.62. Live Oak Bancshares has a 52-week low of $26.11 and a 52-week high of $47.22. The company’s 50-day simple moving average is $38.19 and its 200 day simple moving average is $37.61.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Live Oak Bancshares from $46.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, June 27th. Truist Financial increased their price target on shares of Live Oak Bancshares from $38.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 price objective (up previously from $40.00) on shares of Live Oak Bancshares in a research note on Friday, July 26th. Finally, Piper Sandler raised their target price on shares of Live Oak Bancshares from $36.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Oak Bancshares has an average rating of “Hold” and a consensus target price of $47.25.
Read Our Latest Analysis on Live Oak Bancshares
About Live Oak Bancshares
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.
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