Analysts’ Recent Ratings Changes for Live Oak Bancshares (LOB)

A number of firms have modified their ratings and price targets on shares of Live Oak Bancshares (NASDAQ: LOB) recently:

  • 2/4/2019 – Live Oak Bancshares was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/2/2019 – Live Oak Bancshares was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/25/2019 – Live Oak Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 1/24/2019 – Live Oak Bancshares was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/15/2019 – Live Oak Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 1/2/2019 – Live Oak Bancshares was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/26/2018 – Live Oak Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 12/20/2018 – Live Oak Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 12/15/2018 – Live Oak Bancshares was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of LOB stock traded up $0.35 on Wednesday, hitting $16.05. 1,170 shares of the company’s stock were exchanged, compared to its average volume of 322,109. Live Oak Bancshares Inc has a 12 month low of $13.09 and a 12 month high of $32.95. The company has a market cap of $644.34 million, a P/E ratio of 12.16 and a beta of 0.80.

Live Oak Bancshares (NASDAQ:LOB) last issued its earnings results on Wednesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Live Oak Bancshares had a return on equity of 11.79% and a net margin of 19.31%. The business had revenue of $46.86 million during the quarter, compared to analysts’ expectations of $48.76 million. On average, analysts anticipate that Live Oak Bancshares Inc will post 0.26 EPS for the current year.

In related news, insider Huntley Garriott purchased 20,000 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was bought at an average price of $13.82 per share, with a total value of $276,400.00. Following the completion of the purchase, the insider now owns 55,000 shares in the company, valued at approximately $760,100. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William Henderson Cameron purchased 2,500 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was bought at an average cost of $14.79 per share, with a total value of $36,975.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 435,853 shares of company stock valued at $6,867,756. Insiders own 25.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Live Oak Bancshares during the 3rd quarter valued at about $268,000. Eaton Vance Management bought a new position in Live Oak Bancshares in the third quarter worth approximately $457,000. Carroll Financial Associates Inc. boosted its holdings in Live Oak Bancshares by 18.2% in the fourth quarter. Carroll Financial Associates Inc. now owns 125,183 shares of the bank’s stock worth $1,956,000 after acquiring an additional 19,268 shares in the last quarter. Vanguard Group Inc boosted its holdings in Live Oak Bancshares by 1.3% in the third quarter. Vanguard Group Inc now owns 1,172,896 shares of the bank’s stock worth $31,435,000 after acquiring an additional 15,592 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Live Oak Bancshares in the third quarter worth approximately $107,000. 46.25% of the stock is owned by institutional investors.

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.

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