Tonya Williams Bradford sells 2,600 shares of Live Oak Bancshares, Inc. (NASDAQ:LOB)

Live Oak Bancshares, Inc. (NASDAQ:LOB – Get Your Free Report ) Director Tonya Williams Bradford sold 2,600 shares of Live Oak Bancshares stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $35.97, for a total value of $93,522.00. Following the completion of the transaction, the director now owns 5,870 shares of the company’s stock, valued at approximately $211,143.90. The sale was disclosed in a legal filing with the SEC, which is accessible via this hyperlink.

Live Oak Bancshares Stock Performance

LOB opened at $36.78 on Friday. Live Oak Bancshares, Inc. it has a 52 week low of $21.55 and a 52 week high of $47.22. The firm has a market cap of $1.65 billion, a PE ratio of 18.48 and a beta of 1.63. The company’s 50-day simple moving average is $37.78, and its 200-day simple moving average is $38.17.

Live Oak Bancshares (NASDAQ:LOB – Get Free Report ) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.12). Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.25%. The business had revenue of $116.21 million during the quarter, compared to the consensus estimate of $118.89 million. On average, research analysts estimate that Live Oak Bancshares, Inc. will post 1.99 earnings per share for the current year.

Analyst upgrades and downgrades

A number of equities research analysts recently commented on the company. Truist Financial reduced their price objective on Live Oak Bancshares from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price objective (down from $45.00) on shares of Live Oak Bancshares in a research note on Friday , April 26. Finally, TheStreet cut shares of Live Oak Bancshare from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $38.00, based on data from MarketBeat.

Read our latest report on Live Oak Bancshares

Hedge funds weigh on Live Oak Bancshares

A number of hedge funds have recently added to or reduced their stakes in LOB. Cornercap Investment Counsel Inc. purchased a new stake in shares of Live Oak Bancshares during the fourth quarter valued at $1,285,000. Trust Co of the South bought a new stake in Live Oak Bancshares in the 4th quarter valued at about $15,042,000. CenterBook Partners LP raised its position in Live Oak Bancshares by 41.3% in the third quarter. CenterBook Partners LP now owns 137,966 shares of the bank’s stock valued at $3,994,000 after buying an additional 40,343 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Live Oak Bancshares in the third quarter valued at approximately $994,000. Finally, Bank of New York Mellon Corp raised its position in Live Oak Bancshares by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 197,185 shares of the bank’s stock valued at $5,708,000. after buying an additional 2,721 shares in the last quarter. Institutional investors own 63.95% of the company’s shares.

Live Oak Bancshares Company Profile

(Get a free report)

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company, which 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 non-interest bearing demand as well as interest bearing checking, money market, savings and term deposits.

Further reading

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