Live Oak Bancshares (NASDAQ:LOB - Get Free Report) had its price objective decreased by equities research analysts at Keefe, Bruyette & Woods from $36.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 29.87% from the company's current price.
Separately, StockNews.com downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.25.
Read Our Latest Research Report on Live Oak Bancshares
Live Oak Bancshares Trading Down 2.1 %
Shares of LOB stock traded down $0.57 during mid-day trading on Friday, reaching $26.18. The stock had a trading volume of 251,696 shares, compared to its average volume of 324,538. The company has a market cap of $1.19 billion, a P/E ratio of 18.06 and a beta of 1.75. Live Oak Bancshares has a 12-month low of $22.68 and a 12-month high of $50.57. The business has a 50-day simple moving average of $27.10 and a 200 day simple moving average of $36.58.
Institutional Investors Weigh In On Live Oak Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in LOB. Picton Mahoney Asset Management acquired a new stake in Live Oak Bancshares in the 4th quarter worth about $27,000. Venturi Wealth Management LLC acquired a new stake in Live Oak Bancshares during the fourth quarter worth about $71,000. Principal Securities Inc. raised its holdings in shares of Live Oak Bancshares by 99.7% in the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank's stock worth $119,000 after purchasing an additional 1,498 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Live Oak Bancshares by 7.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank's stock valued at $221,000 after purchasing an additional 407 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Live Oak Bancshares by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank's stock worth $237,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors 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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