was upgraded by investment analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research report issued on Tuesday,
Finviz reports. The firm currently has a $43.00 price objective on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 25.06% from the stock's previous close.
Live Oak Bancshares Stock Performance
NASDAQ:LOB opened at $34.38 on Tuesday. The company has a market cap of $1.57 billion, a PE ratio of 23.71 and a beta of 1.82. The stock has a 50-day simple moving average of $31.25 and a 200 day simple moving average of $29.36. Live Oak Bancshares has a 52-week low of $22.68 and a 52-week high of $50.57.
Institutional Investors Weigh In On Live Oak Bancshares
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Live Oak Bancshares by 0.6% in the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank's stock valued at $2,006,000 after acquiring an additional 298 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Live Oak Bancshares by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 12,876 shares of the bank's stock valued at $384,000 after buying an additional 345 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Live Oak Bancshares by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,714 shares of the bank's stock valued at $780,000 after buying an additional 682 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Live Oak Bancshares by 7.9% during the 4th quarter. LPL Financial LLC now owns 10,326 shares of the bank's stock worth $408,000 after acquiring an additional 757 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in shares of Live Oak Bancshares by 10.4% during the 4th quarter. Benjamin Edwards Inc. now owns 8,516 shares of the bank's stock worth $337,000 after acquiring an additional 799 shares during the last quarter. 63.95% of the stock is owned by institutional investors.
About Live Oak Bancshares
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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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