Live Oak Bancshares, Inc. (LOB) To Go Ex-Dividend on February 25th

Live Oak Bancshares, Inc. (NASDAQ:LOB) declared a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Stockholders of record on Tuesday, February 25th will be paid 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 dividend yield of 0.38%. 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 research 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 2.9 %

LOB opened at $31.89 on Friday. Live Oak Bancshares has a twelve month low of $31.03 and a twelve month high of $50.57. The company’s 50-day moving average price is $37.52 and its two-hundred day moving average price is $42.28. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 22.00 and a beta of 1.67.

Analyst Ratings Changes

LOB has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. Truist Financial dropped their price target on shares of Live Oak Bancshares from $57.00 to $46.00 and set a “buy” rating on the stock in a research note 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.