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Tuesday, March 21, 2023

Live Oak Bancshares Inc. (NYSE: LOB) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Live Oak Bancshares Inc. (LOB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.49, or 5.22%, to $30.04. The Live Oak Bancshares Inc. has recorded 423 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Live Oak Ventures Participates in Series Seed Financing of Pharmacy Marketplace.

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Stocks Info

Live Oak Bancshares Inc. is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $28.55 and fluctuated between $29.95 as its day high and $27.57 as its day low. The current market capitalization of Live Oak Bancshares Inc. is $1.35B. A total of 0.91 million shares were traded on the day, compared to an average of 269.21K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, LOB has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,000 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 4 SELLs from insiders. Insiders purchased 295,957 shares during that period but sold 237,558.

In the most recent transaction, Cameron William Henderson bought 1,000 shares of LOB for 30.45 per share on Dec 15. After the transaction, the Director now owns 167,217 company shares. In a previous transaction on Aug 25, Glossman Diane Beth bought 2,000 shares at 38.25 per share. LOB shares that Director owns now total 64,981.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Live Oak Bancshares Inc. pays an annual dividend of $0.12, resulting in a dividend yield of 0.42%, and it has a price to earnings (P/E) ratio of 7.24.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for LOB in the last 3 months, the mean price target is $33.00 with high estimates of $37.00 and low estimates of $30.00. In terms of 52-week highs and lows, LOB has a high of $59.27 and a low of $27.50.

As of this writing, LOB has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.39. The company reported an EPS of $0.96 in the last quarter, which was 37.10% higher than expectations of $0.7.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LOB is Overweight with a score of 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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