Wall Street Zen Downgrades Live Oak Bancshares (NYSE:LOB) to Sell

Live Oak Bancshares (NYSE:LOB) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Live Oak Bancshares in a research report on Wednesday, October 8th. Cantor Fitzgerald raised Live Oak Bancshares to a “hold” rating in a research note on Tuesday, September 9th. TD Cowen upgraded shares of Live Oak Bancshares to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Keefe, Bruyette & Woods raised shares of Live Oak Bancshares from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Live Oak Bancshares currently has a consensus rating of “Moderate Buy”.

Live Oak Bancshares Stock Down 0.3%

Shares of LOB opened at $31.19 on Friday. Live Oak Bancshares has a twelve month low of $22.68 and a twelve month high of $50.16. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 20.93 and a beta of 1.98. The business’s 50-day moving average is $34.49.

Live Oak Bancshares (NYSE:LOB) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The firm had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $147.35 million. Live Oak Bancshares had a return on equity of 6.73% and a net margin of 6.94%.

About Live Oak Bancshares

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.