Live Oak Bancshares (NASDAQ:LOB) Stock Rating Upgraded by StockNews.com

Live Oak Bancshares (NASDAQ:LOB) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $44.00 price target (down previously from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Live Oak Bancshares has a consensus rating of “Hold” and an average price target of $44.75.

Live Oak Bancshares Stock Down 0.0 %

Shares of Live Oak Bancshares stock opened at $27.40 on Thursday. Live Oak Bancshares has a 52-week low of $26.50 and a 52-week high of $50.57. The company has a 50 day moving average of $33.47 and a 200 day moving average of $40.68. The company has a market capitalization of $1.24 billion, a P/E ratio of 18.89 and a beta of 1.69.

Institutional Trading of Live Oak Bancshares

Several institutional investors have recently modified their holdings of the stock. 49 Wealth Management LLC lifted its position in shares of Live Oak Bancshares by 2.1% during the 3rd quarter. 49 Wealth Management LLC now owns 10,212 shares of the bank’s stock worth $484,000 after buying an additional 212 shares during the last quarter. Invesco Ltd. lifted its position in shares of Live Oak Bancshares by 0.6% during the 4th quarter. Invesco Ltd. now owns 50,720 shares of the bank’s stock worth $2,006,000 after buying an additional 298 shares during the last quarter. Quarry LP lifted its position in shares of Live Oak Bancshares by 98.6% during the 3rd quarter. Quarry LP now owns 713 shares of the bank’s stock worth $34,000 after buying an additional 354 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Live Oak Bancshares by 3.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank’s stock worth $411,000 after buying an additional 356 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock worth $237,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

About Live Oak Bancshares

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.