Live Oak Bancshares, Inc. (NYSE:LOB – Get Free Report) shares rose 6.6% during trading on Tuesday after Keefe, Bruyette & Woods upgraded the stock from a hold rating to a moderate buy rating. The company traded as high as $36.63 and last traded at $36.56. Approximately 77,822 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 286,894 shares. The stock had previously closed at $34.29.
Separately, Wall Street Zen lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 16th.
Read Our Latest Analysis on Live Oak Bancshares
Live Oak Bancshares Stock Down 0.9%
Live Oak Bancshares Company Profile
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.
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