StockNews.com Upgrades Live Oak Bancshares (NASDAQ:LOB) to Hold

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

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

Live Oak Bancshares Price Performance

LOB stock opened at $27.40 on Thursday. Live Oak Bancshares has a 1 year low of $26.50 and a 1 year high of $50.57. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.89 and a beta of 1.69. The business has a 50 day simple moving average of $33.47 and a 200-day simple moving average of $40.68.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LOB. Quest Partners LLC lifted its holdings in Live Oak Bancshares by 746.3% in the third quarter. Quest Partners LLC now owns 17,146 shares of the bank’s stock valued at $812,000 after acquiring an additional 15,120 shares during the last quarter. Intech Investment Management LLC acquired a new position in Live Oak Bancshares in the third quarter valued at approximately $317,000. Charles Schwab Investment Management Inc. lifted its holdings in Live Oak Bancshares by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,821 shares of the bank’s stock valued at $13,208,000 after acquiring an additional 8,116 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in Live Oak Bancshares by 2.1% in the third quarter. 49 Wealth Management LLC now owns 10,212 shares of the bank’s stock valued at $484,000 after acquiring an additional 212 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Live Oak Bancshares by 3.6% in the third quarter. Loomis Sayles & Co. L P now owns 221,263 shares of the bank’s stock valued at $10,481,000 after acquiring an additional 7,662 shares during the last quarter. 63.95% of the stock is currently owned by institutional investors and hedge funds.

Live Oak Bancshares Company Profile

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.