Live Oak Bancshares, Inc. (NASDAQ:LOB) dividends of $0.03 are projected for the near future; this is why.

February 22, 2018 - By Louis Casey

 Live Oak Bancshares, Inc. (NASDAQ:LOB) dividends of $0.03 are projected for the near future; this is why.

Live Oak Bancshares, Inc. (NASDAQ:LOB) is expected to pay $0.03 on Mar 12, 2018. The indicated annual dividend is $0.12. Shareholders owning the stock before Feb 23, 2018 will be eligible to receive the payout. Based on Live Oak Bancshares, Inc.’s current price of $26.95, the dividend is 0.11 %. This dividend’s record date is Feb 26, 2018 and the announcement date is Feb 12, 2018. The stock increased 1.32% or $0.35 during the last trading session, reaching $26.95. About 105,902 shares traded or 0.86% up from the average. Live Oak Bancshares, Inc. (NASDAQ:LOB) has risen 55.47% since February 22, 2017 and is uptrending. It has outperformed by 38.77% the S&P500.

Live Oak Bancshares, Inc. operates as the bank holding firm for the Live Oak Banking Company that provides various commercial banking services and products to individuals and businesses in North Carolina. The company has market cap of $1.08 billion. The firm accepts various deposit products. It has a 10.17 P/E ratio. It also offers loans comprising small business administration loans; commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied commercial real estate loans; and commercial land loans.

Live Oak Bancshares, Inc. (NASDAQ:LOB) Ratings Coverage

Among 6 analysts covering Live Oak Bancshares (NASDAQ:LOB), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Live Oak Bancshares had 15 analyst reports since August 17, 2015 according to SRatingsIntel. The stock of Live Oak Bancshares, Inc. (NASDAQ:LOB) has “Buy” rating given on Thursday, January 25 by SunTrust. The rating was initiated by KBW on Monday, August 17 with “Outperform”. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, October 16. As per Friday, January 29, the company rating was upgraded by Suntrust Robinson. The firm has “Outperform” rating given on Monday, August 17 by Bruyette & Woods”. SunTrust maintained Live Oak Bancshares, Inc. (NASDAQ:LOB) rating on Tuesday, November 28. SunTrust has “Buy” rating and $29.0 target. The company was maintained on Thursday, January 25 by Sandler O’Neill. The firm has “Buy” rating given on Friday, November 6 by Sandler O’Neill. Sandler O’Neill initiated Live Oak Bancshares, Inc. (NASDAQ:LOB) on Monday, August 17 with “Hold” rating. SunTrust initiated Live Oak Bancshares, Inc. (NASDAQ:LOB) on Monday, August 17 with “Neutral” rating.

More notable recent Live Oak Bancshares, Inc. (NASDAQ:LOB) news were published by: Marketwatch.com which released: “Live Oak Bancshares Inc.” on December 24, 2016, also Seekingalpha.com with their article: “Live Oak Bancshares’ (LOB) CEO Chip Mahan on Q1 2017 Results – Earnings Call …” published on April 30, 2017, Seekingalpha.com published: “Live Oak Bank: For The Long Haul” on January 10, 2018. More interesting news about Live Oak Bancshares, Inc. (NASDAQ:LOB) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: S&P Global, Live Oak Bancshares and CNA Financial” published on February 21, 2018 as well as Globenewswire.com‘s news article titled: “Live Oak Bancshares Names Scott Custer as President of Live Oak Bank” with publication date: April 03, 2017.

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