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. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
Live Oak Bancshares Trading Up 1.3 %
LOB Stock traded up $0.52 during midday trading on Thursday, hitting $41.01. 136,883 shares of the company's stock were exchanged, compared to its average volume of 384,404. Live Oak Bancshares has a 1-year low of $30.24 and a 1-year high of $99.89. The business has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $45.50. The stock has a market capitalization of $1.80 billion, a PE ratio of 9.45 and a beta of 1.54.
Analyst Ratings Changes
A number of research analysts recently weighed in on LOB shares. Piper Sandler lowered their price objective on shares of Live Oak Bancshares from $51.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 29th. TheStreet downgraded shares of Live Oak Bancshares from a "b-" rating to a "c" rating in a report on Thursday, June 23rd. Raymond James lowered shares of Live Oak Bancshares from an "outperform" rating to a "market perform" rating in a report on Thursday, July 7th. JPMorgan Chase & Co. downgraded Live Oak Bancshares from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $58.00 to $41.00 in a research report on Friday, July 1st. Finally, Truist Financial raised their target price on shares of Live Oak Bancshares from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $47.75.