The bank is one of the largest SBA lenders and benefited tremendously from the Paycheck Protection Program. Can its success continue?
News & Analysis: Live Oak Bancshares
The bank has seen its stock surge this year and recently reported record earnings, primarily as a result of strong revenue, smart investments in technology, strong credit, and expense discipline.
LOB earnings call for the period ending September 30, 2020.
What's going on in this sector?
When insiders such as members of a management team or board of directors buy shares, it's an indicator they think the company's stock price will rise.
Since the pandemic began to hit markets in March, insiders have been buying shares, with the bank's CEO making a huge purchase recently.
While most bank indexes are down 30% on the year, these banks are only slightly below, and in some cases even ahead of, where they started 2020.
While small bank stocks are more reliant on loans, they also face less regulatory scrutiny and could reap more profits from the Paycheck Protection Program.
LOB earnings call for the period ending June 30, 2020.
LOB earnings call for the period ending March 31, 2020.