Keefe, Bruyette & Woods Has Lowered Expectations for Live Oak Bancshares (NASDAQ:LOB) Stock Price

Live Oak Bancshares (NASDAQ:LOB) had its target price dropped by equities researchers at Keefe, Bruyette & Woods from $36.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 27.62% from the company’s previous close.

Separately, StockNews.com lowered Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.25.

Live Oak Bancshares Stock Up 0.9 %

Shares of NASDAQ LOB opened at $26.64 on Friday. The company has a market capitalization of $1.21 billion, a PE ratio of 18.37 and a beta of 1.75. Live Oak Bancshares has a twelve month low of $22.68 and a twelve month high of $50.57. The firm has a fifty day simple moving average of $27.35 and a 200 day simple moving average of $36.85.

Institutional Investors Weigh In On Live Oak Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Live Oak Bancshares by 0.6% in the 4th quarter. Invesco Ltd. now owns 50,720 shares of the bank’s stock worth $2,006,000 after purchasing an additional 298 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Live Oak Bancshares by 3.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank’s stock valued at $411,000 after buying an additional 356 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Live Oak Bancshares by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after buying an additional 400 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Live Oak Bancshares by 7.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock valued at $221,000 after buying an additional 407 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in shares of Live Oak Bancshares by 3.6% in the 4th quarter. First Hawaiian Bank now owns 16,002 shares of the bank’s stock worth $633,000 after acquiring an additional 551 shares during the last quarter. Institutional investors and hedge funds own 63.95% of the company’s stock.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.