Live Oak Bancshares (NASDAQ:LOB) Stock Rating Upgraded by BidaskClub

Share on StockTwits

Live Oak Bancshares (NASDAQ:LOB) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, BidAskClub reports.

LOB has been the subject of several other research reports. Zacks Investment Research downgraded Live Oak Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, TheStreet downgraded Live Oak Bancshares from a “b” rating to a “c+” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.67.

Shares of LOB opened at $18.02 on Friday. Live Oak Bancshares has a fifty-two week low of $13.09 and a fifty-two week high of $23.61. The business has a 50-day moving average of $18.17 and a 200 day moving average of $17.26. The firm has a market cap of $726.61 million, a P/E ratio of 13.65 and a beta of 1.07.

Live Oak Bancshares (NASDAQ:LOB) last issued its earnings results on Wednesday, July 24th. The bank reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Live Oak Bancshares had a return on equity of 7.11% and a net margin of 12.24%. The business had revenue of $48.64 million during the quarter, compared to the consensus estimate of $48.56 million. As a group, sell-side analysts predict that Live Oak Bancshares will post 0.56 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LOB. Nuveen Asset Management LLC bought a new stake in shares of Live Oak Bancshares during the 2nd quarter valued at about $2,296,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of Live Oak Bancshares by 194.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 107,636 shares of the bank’s stock valued at $1,846,000 after acquiring an additional 71,083 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Live Oak Bancshares by 549.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 59,616 shares of the bank’s stock valued at $1,020,000 after acquiring an additional 50,438 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of Live Oak Bancshares by 4.5% during the 2nd quarter. RMB Capital Management LLC now owns 805,565 shares of the bank’s stock valued at $13,815,000 after acquiring an additional 34,851 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Live Oak Bancshares by 1.9% during the 2nd quarter. BlackRock Inc. now owns 1,755,119 shares of the bank’s stock valued at $30,100,000 after acquiring an additional 32,402 shares during the last quarter. Institutional investors and hedge funds own 43.16% of the company’s stock.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.

Further Reading: What is the formula for calculating total return?

Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.