Cameron William Henderson, a director at Live Oak Bancshares, Inc. (NASDAQ:NYSE:LOB), recently acquired a significant amount of the company’s voting common stock amid the company’s 43% share price decline over the past six months. According to a recent SEC filing, Henderson purchased 10,000 shares over two days. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with analyst price targets ranging from $29 to $34. On May 6, he acquired 5,000 shares at a price of $25.922 per share, followed by another 5,000 shares on May 7 at $26.10 per share. This brings the total value of these transactions to approximately $260,110. According to InvestingPro, which offers additional insights through its comprehensive Pro Research Report, the stock has shown significant volatility recently, though the company maintains a market capitalization of $1.18 billion.
Following these transactions, Henderson’s direct ownership increased to 16,904 shares. Additionally, he holds 204,544 shares indirectly through the William H. Cameron Revocable Trust and 470 shares through a GST-Exempt Trust. Notably, prior to these purchases, Henderson had transferred 2,327 shares to his revocable trust, as indicated in the filing footnotes. For deeper insights into Live Oak Bancshares’ valuation metrics and growth potential, investors can access additional ProTips and detailed financial analysis through InvestingPro.
In other recent news, Live Oak Bancshares reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.21, which fell short of the expected $0.38. Revenue also did not meet expectations, registering at $126.11 million compared to the anticipated $131.45 million. Despite these misses, the company achieved record loan originations of $1.4 billion, marking the largest first quarter in its history. Net interest income exceeded $100 million for the first time, reflecting strong performance in a challenging small business environment. Additionally, Live Oak Bancshares appointed Patrick T. McHenry, a former U.S. Congressman, to its board of directors, bringing significant expertise in financial services and public policy. The company’s strategic initiatives include the launch of Live Oak Express, aimed at continuing innovation in the small business banking sector. Furthermore, the appointment of McHenry aligns with Live Oak’s broader strategy to leverage technology and redefine banking services.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.