Live Oak Bancshares Inc (LOB) CFO S. Brett Caines Sells 3,746 Shares

Live Oak Bancshares Inc (NASDAQ:LOB) CFO S. Brett Caines sold 3,746 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.70, for a total transaction of $100,018.20. Following the completion of the sale, the chief financial officer now directly owns 381,589 shares of the company’s stock, valued at approximately $10,188,426.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

S. Brett Caines also recently made the following trade(s):

  • On Thursday, February 22nd, S. Brett Caines sold 7,459 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.81, for a total transaction of $199,975.79.
  • On Thursday, February 15th, S. Brett Caines sold 7,433 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.91, for a total transaction of $200,022.03.
  • On Tuesday, February 13th, S. Brett Caines sold 7,681 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.03, for a total transaction of $199,936.43.
  • On Thursday, February 8th, S. Brett Caines sold 7,740 shares of Live Oak Bancshares stock. The shares were sold at an average price of $25.84, for a total transaction of $200,001.60.
  • On Tuesday, February 6th, S. Brett Caines sold 7,593 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.34, for a total transaction of $199,999.62.
  • On Friday, February 2nd, S. Brett Caines sold 7,429 shares of Live Oak Bancshares stock. The shares were sold at an average price of $26.92, for a total transaction of $199,988.68.
  • On Wednesday, January 31st, S. Brett Caines sold 7,532 shares of Live Oak Bancshares stock. The stock was sold at an average price of $26.55, for a total transaction of $199,974.60.

Shares of Live Oak Bancshares Inc (NASDAQ:LOB) opened at $26.45 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Live Oak Bancshares Inc has a fifty-two week low of $20.40 and a fifty-two week high of $28.20. The company has a market cap of $1,044.75, a price-to-earnings ratio of 10.54 and a beta of 0.18.

Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, January 24th. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Live Oak Bancshares had a net margin of 36.36% and a return on equity of 16.85%. The firm had revenue of $118.42 million during the quarter, compared to analyst estimates of $114.39 million. equities analysts forecast that Live Oak Bancshares Inc will post 1.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, February 23rd. Live Oak Bancshares’s dividend payout ratio is presently 4.78%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOB. Victory Capital Management Inc. acquired a new stake in Live Oak Bancshares during the 3rd quarter worth $183,000. Teacher Retirement System of Texas acquired a new stake in Live Oak Bancshares during the 4th quarter worth $222,000. MetLife Investment Advisors LLC acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at $248,000. BB&T Securities LLC acquired a new position in shares of Live Oak Bancshares in the 4th quarter valued at $277,000. Finally, Voya Investment Management LLC grew its holdings in shares of Live Oak Bancshares by 12.5% in the 2nd quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock valued at $283,000 after buying an additional 1,303 shares during the period. 41.34% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on LOB shares. Zacks Investment Research raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 30th. Sandler O’Neill reaffirmed a “buy” rating and set a $30.00 target price on shares of Live Oak Bancshares in a report on Thursday, January 25th. Finally, BidaskClub raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Live Oak Bancshares has a consensus rating of “Hold” and a consensus price target of $28.25.

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Live Oak Bancshares Company Profile

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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