Live Oak Bancshares (NYSE:LOB) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Live Oak Bancshares' stock has been assigned a "hold (C)" rating by Weiss Ratings, corroborating several previous ratings from other analysts.
• The company's stock price opened at $35.81 and has a market capitalization of $1.64 billion, reflecting a positive movement of 1.5% recently.
• Analyst ratings for Live Oak Bancshares range from a "strong buy" to "hold," with an overall average rating classified as "moderate buy."

Live Oak Bancshares (NYSE:LOB - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on LOB. Cantor Fitzgerald raised shares of Live Oak Bancshares to a "hold" rating in a report on Tuesday, September 9th. Wall Street Zen raised shares of Live Oak Bancshares from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Keefe, Bruyette & Woods raised shares of Live Oak Bancshares from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 19th. Finally, TD Cowen raised shares of Live Oak Bancshares to a "strong-buy" rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Live Oak Bancshares Stock Up 1.5%

NYSE LOB opened at $35.81 on Wednesday. The stock has a market capitalization of $1.64 billion, a PE ratio of 29.35 and a beta of 1.81. Live Oak Bancshares has a 52-week low of $22.68 and a 52-week high of $50.30. The business's 50-day moving average price is $35.55.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. 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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