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Live Oak Bancshares Inc (LOB)LOB
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Upturn Advisory Summary
09/18/2024: LOB (3-star) is a STRONG-BUY. BUY since 48 days. Profits (30.39%). Updated daily EoD!
Analysis of Past Upturns
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Profit: 74.45% | Upturn Advisory Performance 4 | Avg. Invested days: 37 |
Profits based on simulation | Stock Returns Performance 4 | Last Close 09/18/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Profit: 74.45% | Avg. Invested days: 37 |
Upturn Star Rating | Stock Returns Performance 4 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.16B USD |
Price to earnings Ratio 19.66 | 1Y Target Price 48 |
Dividends yield (FY) 0.25% | Basic EPS (TTM) 2.44 |
Volume (30-day avg) 150532 | Beta 1.6 |
52 Weeks Range 26.02 - 50.57 | Updated Date 09/18/2024 |
Company Size Mid-Cap Stock | Market Capitalization 2.16B USD | Price to earnings Ratio 19.66 | 1Y Target Price 48 |
Dividends yield (FY) 0.25% | Basic EPS (TTM) 2.44 | Volume (30-day avg) 150532 | Beta 1.6 |
52 Weeks Range 26.02 - 50.57 | Updated Date 09/18/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.85% | Operating Margin (TTM) 34.09% |
Management Effectiveness
Return on Assets (TTM) 0.97% | Return on Equity (TTM) 12.32% |
Valuation
Trailing PE 19.66 | Forward PE - |
Enterprise Value 1662839168 | Price to Sales(TTM) 5.06 |
Enterprise Value to Revenue 4.87 | Enterprise Value to EBITDA - |
Shares Outstanding 45035300 | Shares Floating 33833662 |
Percent Insiders 24.4 | Percent Institutions 69.34 |
Trailing PE 19.66 | Forward PE - | Enterprise Value 1662839168 | Price to Sales(TTM) 5.06 |
Enterprise Value to Revenue 4.87 | Enterprise Value to EBITDA - | Shares Outstanding 45035300 | Shares Floating 33833662 |
Percent Insiders 24.4 | Percent Institutions 69.34 |
Analyst Ratings
Rating 3.6 | Target Price 35.25 | Buy 1 |
Strong Buy 1 | Hold 3 | Sell - |
Strong Sell - |
Rating 3.6 | Target Price 35.25 | Buy 1 | Strong Buy 1 |
Hold 3 | Sell - | Strong Sell - |
AI Summarization
Live Oak Bancshares Inc (LOB): A Comprehensive Overview
Company Profile
Live Oak Bancshares Inc (LOB) is a financial holding company headquartered in Wilmington, North Carolina. Founded in 2008, the company operates through its subsidiary, Live Oak Banking Company, offering a range of financial services including commercial banking, equipment finance, and SBA 7(a) lending. They focus on serving small to medium-sized businesses and government contractors across the United States.
Top Products and Market Share
Commercial Banking: Live Oak offers a variety of commercial banking products, including business checking and savings accounts, commercial loans, lines of credit, and treasury management services. Their market share in this segment is relatively small compared to larger national banks.
Equipment Finance: This is Live Oak's largest business segment, focusing on financing equipment for small businesses across various industries. Their market share in the equipment finance industry is estimated to be around 2-3%.
SBA 7(a) Lending: Live Oak is a leading SBA 7(a) lender, offering government-guaranteed loans to small businesses. They hold a significant market share in this segment, ranking among the top 10 SBA lenders nationwide.
Financial Performance
Live Oak has experienced steady financial growth in recent years. Their net income has increased from $33.7 million in 2019 to $104.4 million in 2022, while their total assets have grown from $4.7 billion to $7.4 billion during the same period. The company's return on assets (ROA) and return on equity (ROE) are both above industry averages.
Growth Trajectory
Live Oak is well-positioned for continued growth. Their focus on niche markets like equipment finance and SBA lending provides them with a competitive advantage. Additionally, the company's digital-first approach and strong customer service have contributed to its success.
Market Dynamics
The banking industry is highly competitive, with large national banks and regional players vying for market share. However, Live Oak's focus on specific market segments and its digital capabilities provide them with a competitive edge. Additionally, the growing demand for small business lending is expected to benefit Live Oak in the future.
Competitors
- Large national banks: Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC)
- Regional banks: BB&T (BBT), SunTrust Banks (STI)
- Other equipment finance companies: Marlin Business Services (MARL), GreatAmerica Financial Services (GAFS)
Potential Challenges
- Increased competition from larger banks and fintech companies
- Rising interest rates could impact loan demand
- Economic slowdown could affect small business performance
Opportunities
- Growing demand for small business lending
- Expansion into new market segments
- Increasing adoption of digital banking solutions
Fundamental Rating based on AI: 7.5
Live Oak Bancshares exhibits strong fundamentals with consistent financial performance, a focus on niche markets, and a digital-first approach. However, the company faces competition from larger players and economic headwinds. Overall, the AI analysis indicates a positive outlook for Live Oak, with opportunities for continued growth.
Conclusion
Live Oak Bancshares is a well-positioned company in the financial services industry. Their focus on niche markets, strong financial performance, and digital capabilities provide them with a competitive advantage. While challenges exist, the company's growth potential and opportunities outweigh the risks, making it an attractive investment option for investors seeking exposure to the small business lending market.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Live Oak Bancshares Inc
Exchange | NYSE | Headquaters | Wilmington, NC, United States |
IPO Launch date | 2015-07-23 | Chairman & CEO | Mr. James S. Mahan III |
Sector | Financial Services | Website | https://www.liveoakbank.com |
Industry | Banks - Regional | Full time employees | 987 |
Headquaters | Wilmington, NC, United States | ||
Chairman & CEO | Mr. James S. Mahan III | ||
Website | https://www.liveoakbank.com | ||
Website | https://www.liveoakbank.com | ||
Full time employees | 987 |
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
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