Live Oak Bancshares (LOB) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Live Oak Bancshares (NASDAQ:LOB) from a sell rating to a hold rating in a research report released on Thursday, January 11th.

A number of other analysts have also recently weighed in on LOB. Zacks Investment Research raised Live Oak Bancshares from a sell rating to a hold rating in a research report on Wednesday, October 11th. SunTrust Banks reaffirmed a buy rating and set a $27.00 price target on shares of Live Oak Bancshares in a research report on Thursday, October 12th. Keefe, Bruyette & Woods initiated coverage on Live Oak Bancshares in a research report on Monday, October 16th. They set a market perform rating and a $26.00 price target for the company. Finally, TheStreet raised Live Oak Bancshares from a c+ rating to a b rating in a research report on Monday, October 23rd. One equities research 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 stock currently has a consensus rating of Hold and an average price target of $26.50.

Live Oak Bancshares (NASDAQ LOB) traded down $0.45 on Thursday, reaching $23.80. The company’s stock had a trading volume of 39,138 shares, compared to its average volume of 85,702. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.70. The stock has a market cap of $1,040.00 and a P/E ratio of 25.59. Live Oak Bancshares has a one year low of $18.35 and a one year high of $26.35.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $46.09 million for the quarter, compared to analysts’ expectations of $42.56 million. Live Oak Bancshares had a return on equity of 13.60% and a net margin of 17.68%. equities analysts anticipate that Live Oak Bancshares will post 1.07 EPS for the current year.

In other news, Director Glen F. Hoffsis purchased 1,400 shares of the stock in a transaction on Friday, November 10th. The stock was bought at an average price of $23.50 per share, with a total value of $32,900.00. Following the transaction, the director now owns 85,382 shares in the company, valued at approximately $2,006,477. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 30.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its stake in shares of Live Oak Bancshares by 1.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 56,458 shares of the bank’s stock valued at $1,366,000 after buying an additional 631 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Live Oak Bancshares by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 20,994 shares of the bank’s stock valued at $508,000 after buying an additional 945 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Live Oak Bancshares by 5.4% during the 2nd quarter. Wells Fargo & Company MN now owns 22,835 shares of the bank’s stock valued at $552,000 after buying an additional 1,162 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Live Oak Bancshares by 12.5% during the 2nd quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock valued at $283,000 after buying an additional 1,303 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in shares of Live Oak Bancshares by 2.5% during the 4th quarter. Carroll Financial Associates Inc. now owns 88,536 shares of the bank’s stock valued at $2,111,000 after buying an additional 2,130 shares during the last quarter. Institutional investors and hedge funds own 40.85% of the company’s stock.

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Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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