Live Oak Bancshares, Inc. Announces Quarterly Dividend of $0.03 (NYSE:LOB)

Live Oak Bancshares, Inc. (NYSE:LOBGet Free Report) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.03 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, June 2nd.

Live Oak Bancshares has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Live Oak Bancshares to earn $4.05 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 3.0%.

Live Oak Bancshares Stock Up 1.2%

NYSE:LOB traded up $0.44 during trading hours on Wednesday, reaching $36.64. The company had a trading volume of 4,165 shares, compared to its average volume of 292,509. Live Oak Bancshares has a twelve month low of $26.19 and a twelve month high of $42.89. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 14.03 and a beta of 1.92. The business’s 50-day simple moving average is $35.07 and its two-hundred day simple moving average is $35.53.

Live Oak Bancshares (NYSE:LOBGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The business had revenue of $145.47 million for the quarter, compared to analyst estimates of $146.02 million. Live Oak Bancshares had a return on equity of 11.18% and a net margin of 11.79%. As a group, equities analysts predict that Live Oak Bancshares will post 2.95 earnings per share for the current year.

Live Oak Bancshares Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Live Oak Bancshares (NYSE:LOB)

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