Live Oak Bancshares (NASDAQ:LOB - Get Free Report) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $36.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 25.23% from the company's previous close.
Separately, StockNews.com lowered Live Oak Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Live Oak Bancshares has a consensus rating of "Hold" and a consensus price target of $42.25.
View Our Latest Stock Report on Live Oak Bancshares
Live Oak Bancshares Price Performance
Shares of Live Oak Bancshares stock traded up $0.56 during trading on Friday, hitting $27.15. 434,119 shares of the company were exchanged, compared to its average volume of 231,489. The firm has a market capitalization of $1.24 billion, a P/E ratio of 18.72 and a beta of 1.75. Live Oak Bancshares has a 1-year low of $22.68 and a 1-year high of $50.57. The firm's fifty day moving average price is $27.23 and its 200 day moving average price is $36.65.
Institutional Investors Weigh In On Live Oak Bancshares
Several institutional investors have recently added to or reduced their stakes in LOB. Barclays PLC increased its stake in Live Oak Bancshares by 130.5% in the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after buying an additional 41,662 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Live Oak Bancshares in the 3rd quarter valued at $379,000. Synovus Financial Corp acquired a new stake in Live Oak Bancshares in the 3rd quarter valued at $261,000. JPMorgan Chase & Co. increased its stake in Live Oak Bancshares by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock valued at $3,888,000 after buying an additional 54,286 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Live Oak Bancshares by 3.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank's stock valued at $411,000 after buying an additional 356 shares during the last quarter. 63.95% of the stock is owned by institutional investors.
Live Oak Bancshares Company Profile
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Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. 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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