The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Live Oak Bancshares Inc (NYSE: LOB) closed at $34.28 down -14.02% from its previous closing price of $39.87. In other words, the price has decreased by -$14.02 from its previous closing price. On the day, 0.78 million shares were traded. LOB stock price reached its highest trading level at $37.1 during the session, while it also had its lowest trading level at $32.55.
Ratios:
For a deeper understanding of Live Oak Bancshares Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
On April 28, 2023, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $25 to $26.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 11 ’24 when Davis Micah S sold 8,613 shares for $39.87 per share. The transaction valued at 343,421 led to the insider holds 43,864 shares of the business.
SUTHERLAND JOHN W. sold 10,500 shares of LOB for $426,891 on Mar 07 ’24. The Chief Accounting Officer now owns 46,603 shares after completing the transaction at $40.66 per share. On Feb 29 ’24, another insider, Petty Miltom Emmett, who serves as the Director of the company, sold 10,000 shares for $39.73 each. As a result, the insider received 397,252 and left with 121,941 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOB now has a Market Capitalization of 1540419712 and an Enterprise Value of 1057049920. As of this moment, Live’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.25, and their Forward P/E ratio for the next fiscal year is 11.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.79 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 2.588.
Stock Price History:
Over the past 52 weeks, LOB has reached a high of $47.22, while it has fallen to a 52-week low of $19.53. The 50-Day Moving Average of the stock is -12.77%, while the 200-Day Moving Average is calculated to be -3.91%.
Shares Statistics:
For the past three months, LOB has traded an average of 163.85K shares per day and 112510 over the past ten days. A total of 44.62M shares are outstanding, with a floating share count of 33.64M. Insiders hold about 24.85% of the company’s shares, while institutions hold 64.53% stake in the company. Shares short for LOB as of 1713139200 were 1009524 with a Short Ratio of 6.16, compared to 1710460800 on 958713. Therefore, it implies a Short% of Shares Outstanding of 1009524 and a Short% of Float of 3.61.
Dividends & Splits
According to the company, the forward annual dividend rate for LOB is 0.12, from 0.09 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0022573364The stock’s 5-year Average Dividend Yield is 0.42.
