Live Oak Bancshares which can be found using ticker (LOB) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 37 and 30 calculating the average target price we see $33.00. Now with the previous closing price of $23.90 this would imply there is now a potential upside of 38.1%. It’s also worth noting that there is a 50 day moving average of $32.80 and the 200 day MA is $33.94. The market capitalization for the company is $1,151m. You can visit the company’s website by visiting: https://www.liveoakbank.com
The potential market cap would be $1,590m based on the market consensus.
Live Oak Bancshares 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. It operates in two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, certificate of deposits, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, it provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. The company was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
The company has a dividend yield of 0.41% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 8.05, revenue per share of 11.59 and a 1.95% return on assets.
