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 research analysts at Keefe, Bruyette & Woods from a "hold" rating to a "moderate buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

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

Live Oak Bancshares Stock Down 0.1%

Shares of LOB traded down $0.03 during midday trading on Tuesday, reaching $37.72. The company had a trading volume of 75,364 shares, compared to its average volume of 290,505. Live Oak Bancshares has a 1-year low of $22.68 and a 1-year high of $50.57. The company has a market capitalization of $1.72 billion, a PE ratio of 30.92 and a beta of 1.82.

About Live Oak Bancshares

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.