Live Oak Bancshares Inc (NYSE:LOB) price on Friday, April 11, fall -1.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.48.
A look at the stock’s price movement, the close in the last trading session was $23.75, moving within a range at $22.91 and $23.82. The beta value (5-Year monthly) was 1.751 while the PE ratio in trailing twelve months stood at 13.86. Turning to its 52-week performance, $50.57 and $22.68 were the 52-week high and 52-week low respectively. Overall, LOB moved -15.17% over the past month.
Live Oak Bancshares Inc’s market cap currently stands at around $1.07 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-21. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 0.51%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 131.7M for the company’s revenue for the quarter, with a low and high estimate of 131.7M and 131.7M respectively. The average forecast suggests up to a 13.33% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 574.2M, representing a 14.91% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LOB is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend LOB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LOB’s current price about -10.67% and -21.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.85, while 7-day volatility ratio is 9.63% and 5.21% in the 30-day chart. Further, Live Oak Bancshares Inc (LOB) has a beta value of 1.85, and an average true range (ATR) of 1.51. Analysts have given the company’s stock an average 52-week price target of $42, forecast between a low of $30 and high of $55. Looking at the price targets, the low is -27.77% off current price level while to achieve the yearly target high, price needs to move -134.24%. Nonetheless, investors will most likely welcome a -78.88% jump to $42 which is the analysts’ median price.
If we refocus on Live Oak Bancshares Inc (NYSE:LOB), historical trading data shows that trading volumes averaged 0.45 over the past 10 days and 321.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 45.36 million shares.
The 23.48% of Live Oak Bancshares Inc’s shares are in the hands of company insiders while institutional holders own 66.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.4 million on 2025-03-14, giving us a short ratio of 5.82. The data shows that as of 2025-03-14 short interest in Live Oak Bancshares Inc (LOB) stood at 492.00001999999995 of shares outstanding, with shares short rising to 1.13 million registered in 2025-02-14. Current price change has pushed the stock -40.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LOB stock continues to rise going into the next quarter.
