Live Oak Bancshares CEO James Mahan sells $858k in company stock

James S. Mahan III, the CEO and largest shareholder of Live Oak Bancshares, Inc., recently sold 20,000 shares of the company's stock, valued at $858,448. This transaction took place on August 12 and 13, 2026, as part of a pre-arranged Rule 10b5-1 trading plan. The stock was trading near its 52-week high of $44.53, with the current price at $43.27. Despite the insider sale, InvestingPro analysis indicated that the stock may be undervalued, hinting at potential future gains.

On August 12, Mahan sold 10,000 shares at an average price of $42.75 per share, ranging from $42.40 to $42.97. The next day, he sold another 10,000 shares, this time at a weighted average price of $43.10, with prices varying between $42.90 and $43.39. After these sales, Mahan still holds 2,827,844 shares through the James S. Mahan Revocable Trust, along with other indirect holdings amounting to 3,032,547 shares, 127,167 shares each, and 140,150 shares.

Live Oak Bancshares reported impressive second-quarter 2026 earnings, surpassing market expectations. The company earned $0.74 per share, outpacing the projected $0.68 per share. Revenue also exceeded forecasts, totaling $156.14 million compared to the anticipated $155.24 million. This strong performance was attributed to improved net interest income, enhanced operating leverage, and continued loan growth. These results underscore the bank's capacity to outperform analyst estimates in both earnings and revenue.