Live Oak Bancshares (NYSE:LOB) Stock Rating Upgraded by TD Cowen

Key Points

• Live Oak Bancshares' stock rating has been upgraded to a "strong-buy" by TD Cowen, reflecting positive sentiment from analysts.
• In addition to TD Cowen, other brokerages such as Keefe, Bruyette & Woods and Cantor Fitzgerald have also adjusted their ratings, indicating a consensus rating of "Buy."
• The stock opened at $36.35 and has a market capitalization of $1.66 billion, highlighting its significant position in the financial sector.

Live Oak Bancshares (NYSE:LOB - Get Free Report) was upgraded by equities researchers at TD Cowen to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on LOB. Keefe, Bruyette & Woods upgraded shares of Live Oak Bancshares from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 19th. Cantor Fitzgerald upgraded shares of Live Oak Bancshares to a "hold" rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen upgraded shares of Live Oak Bancshares from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Live Oak Bancshares Trading Up 1.5%

LOB stock opened at $36.35 on Thursday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 29.80 and a beta of 1.75. The firm's fifty day moving average price is $35.43. Live Oak Bancshares has a one year low of $22.68 and a one year high of $50.30.

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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