Live Oak Bancshares (NASDAQ:LOB - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
Separately, Keefe, Bruyette & Woods restated a "market perform" rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Live Oak Bancshares presently has a consensus rating of "Hold" and a consensus target price of $44.75.
View Our Latest Analysis on LOB
Live Oak Bancshares Price Performance
NASDAQ LOB traded up $0.10 on Friday, hitting $26.67. The stock had a trading volume of 348,038 shares, compared to its average volume of 209,358. The business's fifty day moving average price is $31.98 and its 200 day moving average price is $40.04. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.39 and a beta of 1.69. Live Oak Bancshares has a 52-week low of $26.09 and a 52-week high of $50.57.
Institutional Trading of Live Oak Bancshares
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Live Oak Bancshares by 1.8% in the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank's stock worth $36,658,000 after purchasing an additional 13,824 shares during the last quarter. JPMorgan Chase & Co. raised its position in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank's stock worth $3,888,000 after buying an additional 54,286 shares during the last quarter. Barclays PLC lifted its stake in Live Oak Bancshares by 130.5% during the 3rd quarter. Barclays PLC now owns 73,577 shares of the bank's stock valued at $3,485,000 after acquiring an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Live Oak Bancshares in the 3rd quarter valued at $364,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Live Oak Bancshares by 44.3% in the 4th quarter. Victory Capital Management Inc. now owns 46,527 shares of the bank's stock valued at $1,840,000 after acquiring an additional 14,293 shares during the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.
About Live Oak Bancshares
(
Get Free Report)
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.
Further Reading
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