Live Oak Bancshares Inc. (LOB) had a good day on the market for Thursday December 05 as shares jumped 6.85% to close at $19.35. About 565,600 shares traded hands on 4,704 trades for the day, compared with an average daily volume of n/a shares out of a total float of 40.29 million. After opening the trading day at $18.80, shares of Live Oak Bancshares Inc. stayed within a range of $19.49 to $18.46.
With today’s gains, Live Oak Bancshares Inc. now has a market cap of $779.56 million. Shares of Live Oak Bancshares Inc. have been trading within a range of $20.46 and $13.09 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Live Oak Bancshares Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.
Live Oak Bancshares Inc. is based out of Wilmington, NC and has some 569 employees. Its CEO is James S. Mahan.
Live Oak Bancshares Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.