Live Oak Bancshares (LOB) Upgraded at BidaskClub

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

Several other equities analysts also recently commented on LOB. Sandler O’Neill upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, December 12th. SunTrust Banks decreased their target price on Live Oak Bancshares from $32.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. ValuEngine upgraded Live Oak Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. TheStreet downgraded Live Oak Bancshares from a “b-” rating to a “c+” rating in a research report on Friday, December 14th. Finally, Zacks Investment Research upgraded Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

Shares of LOB opened at $16.50 on Thursday. Live Oak Bancshares has a one year low of $13.09 and a one year high of $32.95. The firm has a market capitalization of $644.34 million, a P/E ratio of 12.50 and a beta of 0.80.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.14. Live Oak Bancshares had a return on equity of 11.79% and a net margin of 19.31%. The company had revenue of $46.86 million during the quarter, compared to analyst estimates of $48.76 million. On average, analysts forecast that Live Oak Bancshares will post 0.26 EPS for the current fiscal year.

In other news, Director William Henderson Cameron acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average price of $14.79 per share, with a total value of $36,975.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James S. Mahan III acquired 334,454 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average cost of $16.08 per share, for a total transaction of $5,378,020.32. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 435,853 shares of company stock worth $6,867,756. Insiders own 25.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. RMB Capital Management LLC grew its stake in shares of Live Oak Bancshares by 50.6% in the fourth quarter. RMB Capital Management LLC now owns 674,660 shares of the bank’s stock worth $9,992,000 after acquiring an additional 226,735 shares in the last quarter. Mendon Capital Advisors Corp grew its stake in shares of Live Oak Bancshares by 17.9% during the fourth quarter. Mendon Capital Advisors Corp now owns 1,047,480 shares of the bank’s stock worth $15,513,000 after purchasing an additional 158,986 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Live Oak Bancshares by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 307,267 shares of the bank’s stock worth $4,550,000 after purchasing an additional 14,161 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Live Oak Bancshares by 35.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 600,109 shares of the bank’s stock worth $8,888,000 after purchasing an additional 157,864 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Live Oak Bancshares during the fourth quarter worth $550,000. 46.25% of the stock is currently owned by institutional investors.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.

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