Live Oak Bancshares, Inc. (NASDAQ:LOB) is set to announce second quarter earning results on Wednesday 22nd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LOB to report 2Q20 income of $ 0.03 per share from revenue of $ 55.34 million.
For the full year, analysts anticipate top line of $ 223.48 million, while looking forward to income of $ 0.09 per share bottom line.
Previous Quarter Performance
Live Oak Bancshares, Inc. came out with loss for the first quarter of $ 0.19 per share, from the revenue of $ 45.90 million. The quarterly revenues increased 5.20 percent compared with the same quarter last year. Wall street analysts are predicting, LOB to report 1Q20 income of $ 0.07 per share from revenue of $ 52.07 million. The bottom line results missed street analysts by $ 0.26 or 371.43 percent, at the same time, top line results fell short of analysts by $ 6.17 million or 11.85 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LOB was $ 15.89, representing a 109.91 % increase from the 52 week low of $ 7.57 and a 22.34 % decrease over the 52 week high of $ 20.46.
The company has a market capital of $ 643.69 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.03 per share on May 12, 2020. The dividend were payable on June 9, 2020 to holders of record as of the close of business on May 26, 2020 and ex-dividend date on May 22, 2020.
Live Oak Bancshares, Inc. 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. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.
