Live Oak Bancshares (LOB) to Release Earnings on Wednesday

Live Oak Bancshares (NASDAQ:LOB) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Live Oak Bancshares to post earnings of $0.10 per share for the quarter.

Live Oak Bancshares (NASDAQ:LOB) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $43.63 million for the quarter, compared to analysts’ expectations of $42.99 million. Live Oak Bancshares had a net margin of 15.69% and a return on equity of 9.15%. On average, analysts expect Live Oak Bancshares to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LOB opened at $16.24 on Tuesday. The firm has a market capitalization of $658.20 million, a PE ratio of 12.30 and a beta of 1.04. The company has a fifty day moving average of $16.69. Live Oak Bancshares has a 12-month low of $13.09 and a 12-month high of $32.95.

Several analysts have weighed in on LOB shares. ValuEngine upgraded shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.50.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.

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Earnings History for Live Oak Bancshares (NASDAQ:LOB)

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