Live Oak Bancshares (NYSE:LOB) Raised to Hold at Wall Street Zen

Live Oak Bancshares (NYSE:LOB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other equities research analysts also recently issued research reports about the stock. TD Cowen raised shares of Live Oak Bancshares to a “strong-buy” rating in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Live Oak Bancshares in a report on Wednesday, October 8th. Cantor Fitzgerald raised Live Oak Bancshares to a “hold” rating in a report on Tuesday, September 9th. Finally, Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Live Oak Bancshares currently has an average rating of “Moderate Buy”.

Live Oak Bancshares Stock Up 4.3%

Shares of NYSE:LOB opened at $30.68 on Friday. The business has a 50 day simple moving average of $33.78. Live Oak Bancshares has a twelve month low of $22.68 and a twelve month high of $50.16. The company has a market cap of $1.40 billion, a PE ratio of 20.59 and a beta of 1.98.

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

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.