Live Oak Bancshares, Inc. (LOB) Earns Market Perform Rating from Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) in a report released on Monday, MarketBeat reports. The firm issued a market perform rating and a $26.00 price objective on the bank’s stock.

Several other brokerages have also commented on LOB. Zacks Investment Research lowered Live Oak Bancshares from a strong-buy rating to a hold rating in a report on Wednesday, August 2nd. TheStreet upgraded Live Oak Bancshares from a c rating to a b- rating in a report on Monday, July 24th. BidaskClub upgraded Live Oak Bancshares from a hold rating to a buy rating in a report on Tuesday, October 10th. SunTrust Banks, Inc. reiterated a buy rating and set a $27.00 price objective on shares of Live Oak Bancshares in a report on Thursday, October 12th. Finally, Sandler O’Neill upgraded Live Oak Bancshares from a hold rating to a buy rating and decreased their price objective for the company from $25.00 to $24.00 in a report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Live Oak Bancshares presently has an average rating of Hold and an average price target of $26.50.

Live Oak Bancshares (NASDAQ LOB) opened at 23.50 on Monday. Live Oak Bancshares has a 52 week low of $14.05 and a 52 week high of $26.05. The firm’s 50-day moving average price is $22.81 and its 200-day moving average price is $23.67. The stock has a market cap of $814.60 million, a PE ratio of 33.96 and a beta of -0.09.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.92 million. Live Oak Bancshares had a return on equity of 11.50% and a net margin of 13.71%. Equities analysts predict that Live Oak Bancshares will post $0.90 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/19/live-oak-bancshares-inc-lob-earns-market-perform-rating-from-analysts-at-keefe-bruyette-woods.html.

In other Live Oak Bancshares news, Director Diane Beth Glossman acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $23.07 per share, for a total transaction of $46,140.00. Following the acquisition, the director now owns 26,892 shares in the company, valued at approximately $620,398.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 30.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new position in Live Oak Bancshares in the 2nd quarter worth $1,623,000. State Street Corp raised its stake in Live Oak Bancshares by 10.3% in the 2nd quarter. State Street Corp now owns 354,407 shares of the bank’s stock worth $8,579,000 after acquiring an additional 33,082 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Live Oak Bancshares by 107.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 163,987 shares of the bank’s stock worth $3,968,000 after acquiring an additional 84,748 shares during the last quarter. Voya Investment Management LLC raised its stake i

Several other brokerages have also commented on LOB. Zacks Investment Research lowered Live Oak Bancshares from a strong-buy rating to a hold rating in a report on Wednesday, August 2nd. TheStreet upgraded Live Oak Bancshares from a c rating to a b- rating in a report on Monday, July 24th. BidaskClub upgraded Live Oak Bancshares from a hold rating to a buy rating in a report on Tuesday, October 10th. SunTrust Banks, Inc. reiterated a buy rating and set a $27.00 price objective on shares of Live Oak Bancshares in a report on Thursday, October 12th. Finally, Sandler O’Neill upgraded Live Oak Bancshares from a hold rating to a buy rating and decreased their price objective for the company from $25.00 to $24.00 in a report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Live Oak Bancshares presently has an average rating of Hold and an average price target of $26.50.

Live Oak Bancshares (NASDAQ LOB) opened at 23.50 on Monday. Live Oak Bancshares has a 52 week low of $14.05 and a 52 week high of $26.05. The firm’s 50-day moving average price is $22.81 and its 200-day moving average price is $23.67. The stock has a market cap of $814.60 million, a PE ratio of 33.96 and a beta of -0.09.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, July 26th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $45.06 million during the quarter, compared to analyst estimates of $45.92 million. Live Oak Bancshares had a return on equity of 11.50% and a net margin of 13.71%. Equities analysts predict that Live Oak Bancshares will post $0.90 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/19/live-oak-bancshares-inc-lob-earns-market-perform-rating-from-analysts-at-keefe-bruyette-woods.html.

In other Live Oak Bancshares news, Director Diane Beth Glossman acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $23.07 per share, for a total transaction of $46,140.00. Following the acquisition, the director now owns 26,892 shares in the company, valued at approximately $620,398.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 30.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new position in Live Oak Bancshares in the 2nd quarter worth $1,623,000. State Street Corp raised its stake in Live Oak Bancshares by 10.3% in the 2nd quarter. State Street Corp now owns 354,407 shares of the bank’s stock worth $8,579,000 after acquiring an additional 33,082 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Live Oak Bancshares by 107.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 163,987 shares of the bank’s stock worth $3,968,000 after acquiring an additional 84,748 shares during the last quarter. Voya Investment Management LLC raised its stake in Live Oak Bancshares by 12.5% in the 2nd quarter. Voya Investment Management LLC now owns 11,703 shares of the bank’s stock worth $283,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Live Oak Bancshares in the 2nd quarter worth $523,000. Institutional investors own 37.47% of the company’s stock.

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).

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

Leave a Reply