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

Live Oak Bancshares, Inc. (NASDAQ:LOB) declared a quarterly dividend on Tuesday, February 11th,NASDAQ Dividends reports. Investors of record on Tuesday, February 25th will be given a dividend of 0.03 per share by the bank on Tuesday, March 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Tuesday, February 25th.

Live Oak Bancshares has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Live Oak Bancshares to earn $3.39 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 3.5%.

Live Oak Bancshares Stock Down 3.8 %

Shares of Live Oak Bancshares stock opened at $34.85 on Thursday. Live Oak Bancshares has a 12-month low of $31.03 and a 12-month high of $50.57. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.59 and a beta of 1.67. The firm’s 50-day moving average price is $39.14 and its two-hundred day moving average price is $42.73.

Analyst Upgrades and Downgrades

LOB has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. Piper Sandler reduced their target price on Live Oak Bancshares from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Truist Financial lowered their price target on Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating for the company in a report on Monday, October 28th.

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.