Live Oak Bancshares, Inc. (LOB) To Go Ex-Dividend on September 1st

Live Oak Bancshares, Inc. (NYSE:LOB) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.03 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, September 1st.

Live Oak Bancshares has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $4.19 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 2.9%.

Live Oak Bancshares Stock Performance

Shares of NYSE:LOB opened at $40.93 on Thursday. The company has a fifty day moving average of $41.43 and a 200-day moving average of $38.37. Live Oak Bancshares has a 52-week low of $29.36 and a 52-week high of $44.53. The company has a market capitalization of $1.89 billion, a PE ratio of 14.41 and a beta of 1.87.

Live Oak Bancshares (NYSE:LOB) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Live Oak Bancshares had a net margin of 12.68% and a return on equity of 11.77%. The business had revenue of $156.15 million during the quarter. On average, equities analysts forecast that Live Oak Bancshares will post 3.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Piper Sandler upped their target price on shares of Live Oak Bancshares from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. TD Cowen raised their price objective on Live Oak Bancshares from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Zacks Research raised Live Oak Bancshares from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Live Oak Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.40.

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.