Live Oak Bancshares (NYSE:LOB) Raised to Moderate Buy at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a "hold" rating to a "moderate buy" rating, indicating increased confidence in the stock.
• Meanwhile, Wall Street Zen downgraded Live Oak Bancshares from a "hold" rating to a "sell" rating, reflecting a contrasting outlook on the stock.
• As of Tuesday, the stock traded down 0.15, reaching $35.20, with a market cap of $1.61 billion and a PE ratio of 28.85.

Live Oak Bancshares (NYSE:LOB - Get Free Report) was upgraded by equities researchers at Keefe, Bruyette & Woods from a "hold" rating to a "moderate buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen lowered Live Oak Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, August 16th.

Live Oak Bancshares Trading Up 7.7%

NYSE:LOB traded up $2.69 during midday trading on Tuesday, reaching $37.72. The company had a trading volume of 550,249 shares, compared to its average volume of 262,172. The firm has a market cap of $1.72 billion, a PE ratio of 30.92 and a beta of 1.82. Live Oak Bancshares has a 12-month low of $22.68 and a 12-month high of $50.57.

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.