Professional
Added to YB: 2024-02-28
Pitch date: 2024-01-18
LOB [bullish]
Live Oak Bancshares, Inc.
-11.94%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$1.4B
Pitch Price
$40.10
Price Target
N/A
Dividend
0.39%
EV/EBITDA
N/A
P/E
20.89
EV/Sales
N/A
Sector
Banks
Category
growth
SouthernSun Small Cap Investment Portfolio Holding - Live Oak Bancshares, Inc.
LOB Q3: $1B+ loan production, 3.37% NIM. Strong credit: 2.32% unguaranteed ACL (vs 1.25% median), 17.5% Tier 1. Gaining from banking challenges & Fed expectations. Branchless model, tech investments enable growth in varied macro. Competitors retreating, but LOB's strategic advantage aligns with core principles, offering value.
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