Steve Smits Biography and Net Worth

Insider of Live Oak Bancshares

Steve Smits is the chief credit officer for Live Oak Bank. He is the former associate administrator for the Office of Capital Access at the U.S. Small Business Administration. While at the SBA, he was responsible for managing and overseeing the agency’s programs and operations designed to expand access to capital for America’s small businesses. This included managing the agency’s $100 billion small business loan portfolio. He also played a critical role in implementing many of the provisions in the Small Business Jobs Act that was signed into law by the President in September 2010.

What is Steve Smits' net worth?: The estimated net worth of Steve Smits is at least $6.98 million as of December 7th, 2023. Mr. Smits owns 145,751 shares of Live Oak Bancshares stock worth more than $6,980,015 as of November 17th. This net worth estimate does not reflect any other investments that Mr. Smits may own. Learn More about Steve Smits' net worth.
How do I contact Steve Smits?: The corporate mailing address for Mr. Smits and other Live Oak Bancshares executives is 1741 TIBURON DRIVE, WILMINGTON NC, 28403. Live Oak Bancshares can also be reached via phone at (866) 518-0286. Learn More on Steve Smits' contact information.
Has Steve Smits been buying or selling shares of Live Oak Bancshares?: Steve Smits has not been actively trading shares of Live Oak Bancshares in the last ninety days. Most recently, Steve Smits sold 10,000 shares of the business's stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $36.25, for a transaction totalling $362,500.00. Following the completion of the sale, the insider now directly owns 145,751 shares of the company's stock, valued at $5,283,473.75. Learn More on Steve Smits' trading history.
Who are Live Oak Bancshares' active insiders?: Live Oak Bancshares' insider roster includes Diane Glossman (Director), Susan Janson (Insider), William Losch, III (CFO), Gregory Seward (General Counsel), Steve Smits (Insider), John Sutherland (CAO), Neil Underwood (President), and Willam Williams, III (EVP). Learn More on Live Oak Bancshares' active insiders.
Are insiders buying or selling shares of Live Oak Bancshares?: In the last twelve months, Live Oak Bancshares insiders bought shares 1 times. They purchased a total of 1,000 shares worth more than $39,760.00. In the last twelve months, insiders at the bank sold shares 8 times. They sold a total of 98,801 shares worth more than $3,877,634.31. The most recent insider tranaction occured on November, 13th when CAO John W Sutherland sold 12,588 shares worth more than $616,812.00. Insiders at Live Oak Bancshares own 23.9% of the company. Learn More about insider trades at Live Oak Bancshares.
Information on this page was last updated on 11/13/2024.

Steve Smits Insider Trading History at Live Oak Bancshares

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/7/2023	Sell	10,000	$36.25	$362,500.00	145,751
12/5/2023	Sell	15,000	$35.62	$534,300.00	155,751
3/2/2022	Sell	2,747	$63.13	$173,418.11
11/11/2021	Sell	20,000	$93.77	$1,875,400.00
9/2/2021	Sell	25,000	$61.19	$1,529,750.00
2/8/2021	Sell	15,000	$43.40	$651,000.00	151,206
5/15/2018	Sell	5,000	$28.85	$144,250.00	52,631
5/11/2018	Sell	5,000	$29.10	$145,500.00	57,631

Steve Smits Buying and Selling Activity at Live Oak Bancshares

Live Oak Bancshares Company Overview

Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.

Today's Range

Now: $47.89

$47.71

$49.19

50 Day Range

MA: $45.87

$39.60

$50.20

2 Week Range

Now: $47.89

$31.03

$50.57

Volume

238,490 shs

Average Volume

251,706 shs

Market Capitalization

$2.16 billion

P/E Ratio

30.12

Dividend Yield

0.25%

Beta

1.63

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