Live Oak Bancshares

LOB

Live Oak Bank is a direct bank headquartered in Wilmington, North Carolina. It is a subsidiary of Live Oak Bancshares, Inc., a bank holding company. The bank specializes in originating business loans that are guaranteed by the Small Business Administration (SBA) to companies in 16 specific industries. Along with Wells Fargo and Newtek Business Services, it is one of the largest originators of loans guaranteed by the SBA. The company typically sells 90% of its loans, including the portion guaranteed by the SBA. The company does not have any branches but has offices in North Carolina, Florida, Georgia, and California. The company owns three jets, which have been referred to as "branches that fly".

Live Oak Bancshares has been a target of short sellers for a while. The current short interest of 4.32% is roughly at the average of the last 12 months (4.05%).