StockNews.com Upgrades Live Oak Bancshares (NASDAQ:LOB) to Hold

Live Oak Bancshares (NASDAQ:LOB) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $44.75.

Live Oak Bancshares Stock Down 0.6 %

Live Oak Bancshares stock traded down $0.17 during mid-day trading on Thursday, hitting $27.37. The company’s stock had a trading volume of 411,690 shares, compared to its average volume of 189,489. Live Oak Bancshares has a twelve month low of $26.50 and a twelve month high of $50.57. The stock’s fifty day moving average price is $33.65 and its two-hundred day moving average price is $40.79. The stock has a market capitalization of $1.24 billion, a P/E ratio of 18.88 and a beta of 1.69.

Institutional Trading of Live Oak Bancshares

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Live Oak Bancshares by 1.8% during the third quarter. Geode Capital Management LLC now owns 773,724 shares of the bank’s stock valued at $36,658,000 after buying an additional 13,824 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Live Oak Bancshares by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 82,077 shares of the bank’s stock valued at $3,888,000 after acquiring an additional 54,286 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 purchasing an additional 41,662 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Live Oak Bancshares in the third quarter worth approximately $364,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Live Oak Bancshares by 9.8% during the fourth quarter. Principal Financial Group Inc. now owns 26,139 shares of the bank’s stock worth $1,034,000 after purchasing an additional 2,340 shares during the period. Hedge funds and other institutional investors own 63.95% of the company’s stock.

Live Oak Bancshares Company Profile

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.