Media headlines about Live Oak Bancshares (NASDAQ:LOB) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Live Oak Bancshares earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.4857708329798 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Live Oak Bancshares (LOB) traded down 1.84% on Monday, reaching $24.05. 21,394 shares of the company were exchanged. The company’s 50-day moving average price is $24.80 and its 200 day moving average price is $23.16. Live Oak Bancshares has a 12 month low of $13.00 and a 12 month high of $26.05. The company has a market cap of $833.07 million, a price-to-earnings ratio of 34.75 and a beta of -0.15.
Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Live Oak Bancshares had a net margin of 13.71% and a return on equity of 11.71%. The firm had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.92 million. On average, equities research analysts expect that Live Oak Bancshares will post $0.93 EPS for the current year.
A number of research analysts recently issued reports on LOB shares. TheStreet upgraded shares of Live Oak Bancshares from a “c” rating to a “b-” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, May 12th.
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).
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