LOB Stock Recent News

WILMINGTON, N.C., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its fourth quarter 2023 financial results after U.S. financial markets close on Wednesday, January 24, 2024.

Live Oak Bancshares (LOB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Live Oak Bancshares has seen a significant increase in its stock price, leading to questions about whether it still offers strong upside or not. The bank has experienced improvements in its balance sheet, with an increase in loans, cash, securities, and deposits. However, there has been a decrease in net interest income and non-interest income, impacting the bank's financial performance.

Live Oak Bancshares, Inc. (NYSE:LOB ) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Greg Seward - General Counsel & Chief Risk Officer Chip Mahan - Chairman & Chief Executive Officer BJ Losch - President & Chief Financial Officer Steven Smits - Chief Credit Officer Conference Call Participants Brandon King - Truist Securities Michael Perito - ABW Eric Spector - Raymond James Alex Lau - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the Live Oak Bancshares Q3 Earnings Conference Call. At this time, all lines are in listen-only mode.

Live Oak Bancshares (LOB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The headline numbers for Live Oak Bancshares (LOB) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Live Oak Bancshares (LOB) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.96 per share a year ago.

WILMINGTON, N.C., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its third quarter 2023 financial results after U.S. financial markets close on Wednesday, October 25, 2023.

The heavy selling pressure might have exhausted for Live Oak Bancshares (LOB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Live Oak Bancshares Inc.'s share price has been volatile due to industry turmoil and mixed results. The company has seen improvement in net income and net interest income, but the valuation is too expensive. LOB has shown growth in deposits and loan yields, but the return on assets is low, and the valuation is high, making it a hold for now.