Live Oak Bancshares (NASDAQ:LOB) PT Lowered to $45.00 at JPMorgan Chase & Co.

Live Oak Bancshares (NASDAQ:LOB) had its price target decreased by JPMorgan Chase & Co. from $46.00 to $45.00 in a report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the bank’s stock.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reissued a market perform rating and issued a $40.00 price target (down from $45.00) on shares of Live Oak Bancshares in a report on Friday, April 26th. Truist Financial lowered their target price on shares of Live Oak Bancshares from $47.00 to $38.00 and set a buy rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Live Oak Bancshares currently has an average rating of Hold and an average price target of $39.25.

Live Oak Bancshares Price Performance

Shares of LOB stock opened at $35.06 on Thursday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 17.62 and a beta of 1.62. The company’s fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $38.25. Live Oak Bancshares has a 1 year low of $25.25 and a 1 year high of $47.22.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.12). The company had revenue of $116.21 million for the quarter, compared to the consensus estimate of $118.89 million. Live Oak Bancshares had a net margin of 10.62% and a return on equity of 10.25%. Equities research analysts anticipate that Live Oak Bancshares will post 1.94 EPS for the current year.

Live Oak Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.12 annualized dividend and a yield of 0.34%. Live Oak Bancshares’s payout ratio is presently 6.03%.

Insiders Place Their Bets

In other news, 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 transaction of $93,522.00. Following the completion of the sale, the director now directly owns 5,870 shares of the company’s stock, valued at approximately $211,143.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.90% of the company’s stock.

Institutional Trading of Live Oak Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of LOB. Signaturefd LLC grew its stake in shares of Live Oak Bancshares by 1.0% during the fourth quarter. Signaturefd LLC now owns 28,333 shares of the bank’s stock valued at $1,289,000 after buying an additional 294 shares during the last quarter. Toth Financial Advisory Corp grew its position in Live Oak Bancshares by 10.7% during the 1st quarter. Toth Financial Advisory Corp now owns 3,320 shares of the bank’s stock worth $138,000 after acquiring an additional 320 shares during the last quarter. ProShare Advisors LLC increased its stake in Live Oak Bancshares by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 6,048 shares of the bank’s stock worth $251,000 after purchasing an additional 476 shares during the period. Cetera Advisors LLC lifted its position in Live Oak Bancshares by 9.2% in the first quarter. Cetera Advisors LLC now owns 5,906 shares of the bank’s stock valued at $245,000 after purchasing an additional 500 shares during the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in shares of Live Oak Bancshares by 4.5% during the first quarter. Parsons Capital Management Inc. RI now owns 13,800 shares of the bank’s stock valued at $573,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Company Profile

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.