Live Oak Bancshares, Inc. (NYSE:LOB) Given Average Rating of “Hold” by Analysts

Shares of Live Oak Bancshares, Inc. (NYSE:LOB) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating on the company.

A number of brokerages have issued reports on LOB. Weiss Ratings restated a “hold (c)” rating on shares of Live Oak Bancshares in a research report on Thursday, January 22nd. Wall Street Zen raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Finally, Zacks Research lowered Live Oak Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th.

Live Oak Bancshares Stock Performance

Shares of LOB stock opened at $40.88 on Wednesday. Live Oak Bancshares has a 52 week low of $22.68 and a 52 week high of $42.89. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.41 and a beta of 2.00. The company has a 50-day simple moving average of $37.96 and a 200 day simple moving average of $35.55.

Live Oak Bancshares (NYSE:LOB) last released its quarterly earnings results on Wednesday, January 21st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.39. The firm had revenue of $161.86 million for the quarter. Live Oak Bancshares had a net margin of 10.09% and a return on equity of 9.91%.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.