Live Oak Bancshares (NYSE:LOB) Posts Earnings Results

Live Oak Bancshares (NYSE:LOB) issued its quarterly earnings data on Wednesday. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.39, Zacks reports. Live Oak Bancshares had a net margin of 6.94% and a return on equity of 6.61%.

Live Oak Bancshares Stock Performance

Shares of LOB traded up $2.19 on Wednesday, reaching $38.90. 471,217 shares of the company’s stock traded hands, compared to its average volume of 312,138. The business has a 50 day moving average price of $34.18. The firm has a market capitalization of $1.78 billion, a PE ratio of 26.11 and a beta of 2.02. Live Oak Bancshares has a 52-week low of $22.68 and a 52-week high of $41.56.

Wall Street Analyst Weigh In

A number of analysts have commented on LOB shares. Weiss Ratings reissued a “hold (c)” rating on shares of Live Oak Bancshares in a report on Wednesday, October 8th. Wall Street Zen upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Finally, TD Cowen upgraded Live Oak Bancshares to a “strong-buy” rating in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.