Live Oak Bancshares (NYSE:LOB) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Live Oak Bancshares (NYSE:LOB) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

A number of other equities research 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 Thursday, January 22nd. Wall Street Zen raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Live Oak Bancshares Stock Down 1.2%

NYSE:LOB opened at $40.26 on Monday. The business’s 50-day simple moving average is $37.74 and its two-hundred day simple moving average is $35.45. Live Oak Bancshares has a 52 week low of $22.68 and a 52 week high of $42.89. The stock has a market cap of $1.85 billion, a PE ratio of 18.14 and a beta of 2.00.

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

Live Oak Bancshares Company Profile

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.