Live Oak Bancshares (NASDAQ:LOB) Downgraded by StockNews.com to Sell

Live Oak Bancshares (NASDAQ:LOB) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $44.00 price objective (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.75.

Live Oak Bancshares Price Performance

Shares of LOB stock opened at $27.66 on Friday. Live Oak Bancshares has a one year low of $26.50 and a one year high of $50.57. The business’s 50 day simple moving average is $32.54 and its 200 day simple moving average is $40.28. The stock has a market capitalization of $1.25 billion, a PE ratio of 19.08 and a beta of 1.69.

Hedge Funds Weigh In On Live Oak Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Live Oak Bancshares by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank’s stock valued at $104,066,000 after acquiring an additional 10,213 shares during the period. Capital International Investors increased its stake in Live Oak Bancshares by 75.8% in the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank’s stock valued at $80,749,000 after purchasing an additional 880,530 shares in the last quarter. State Street Corp raised its holdings in shares of Live Oak Bancshares by 13.4% during the third quarter. State Street Corp now owns 1,109,413 shares of the bank’s stock valued at $52,553,000 after purchasing an additional 131,343 shares during the period. Southernsun Asset Management LLC raised its holdings in shares of Live Oak Bancshares by 10.3% during the fourth quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank’s stock valued at $31,510,000 after purchasing an additional 74,193 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Live Oak Bancshares by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock worth $36,658,000 after purchasing an additional 13,824 shares in the last quarter. 63.95% of the stock is currently owned by institutional investors.

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.