Live Oak Bancshares (NASDAQ:LOB - Get Free Report) was upgraded by research analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research report issued on Tuesday, MarketBeat reports. The firm presently has a $43.00 price target on the bank's stock, up from their prior price target of $37.00. Keefe, Bruyette & Woods' target price indicates a potential upside of 13.87% from the company's current price.
Live Oak Bancshares Price Performance
LOB traded up $2.7330 on Tuesday, reaching $37.7630. The company's stock had a trading volume of 550,249 shares, compared to its average volume of 291,918. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 26.04 and a beta of 1.82. Live Oak Bancshares has a 1 year low of $22.68 and a 1 year high of $50.57. The business's 50 day moving average is $31.81 and its 200 day moving average is $29.42.
Institutional Trading of Live Oak Bancshares
Several institutional investors and hedge funds have recently bought and sold shares of LOB. LPL Financial LLC raised its stake in Live Oak Bancshares by 7.9% during the fourth quarter. LPL Financial LLC now owns 10,326 shares of the bank's stock valued at $408,000 after buying an additional 757 shares in the last quarter. Wells Fargo & Company MN raised its stake in Live Oak Bancshares by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 69,939 shares of the bank's stock valued at $2,766,000 after buying an additional 8,649 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Live Oak Bancshares by 64.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 124,687 shares of the bank's stock valued at $4,931,000 after buying an additional 48,699 shares in the last quarter. Invesco Ltd. raised its stake in Live Oak Bancshares by 0.6% during the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank's stock valued at $2,006,000 after buying an additional 298 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Live Oak Bancshares by 5.9% during the fourth quarter. Legal & General Group Plc now owns 38,627 shares of the bank's stock valued at $1,543,000 after buying an additional 2,164 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.
About Live Oak Bancshares
(
Get Free Report)
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.
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