Live Oak Bancshares (NASDAQ:LOB) Rating Lowered to “Sell” at StockNews.com

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

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $44.00 target price (down previously from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.75.

Live Oak Bancshares Stock Up 1.5 %

Shares of LOB stock opened at $27.66 on Friday. The business has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $40.28. The company has a market cap of $1.25 billion, a P/E ratio of 19.08 and a beta of 1.69. Live Oak Bancshares has a twelve month low of $26.50 and a twelve month high of $50.57.

Hedge Funds Weigh In On Live Oak Bancshares

Large investors have recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in Live Oak Bancshares in the 3rd quarter valued at approximately $317,000. Charles Schwab Investment Management Inc. increased its position in Live Oak Bancshares by 3.0% in the 3rd 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 period. FMR LLC increased its position in Live Oak Bancshares by 15.0% in the 3rd quarter. FMR LLC now owns 4,364 shares of the bank’s stock valued at $207,000 after acquiring an additional 568 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Live Oak Bancshares by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 25,054 shares of the bank’s stock valued at $1,187,000 after acquiring an additional 8,726 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Live Oak Bancshares by 62.8% during the third quarter. Benjamin Edwards Inc. now owns 7,717 shares of the bank’s stock worth $366,000 after purchasing an additional 2,977 shares during the period. 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.