Live Oak Bancshares (NYSE:LOB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Live Oak Bancshares (NYSE:LOB) from a sell rating to a hold rating in a research note released on Sunday.

LOB has been the subject of a number of other research reports. Cantor Fitzgerald upgraded shares of Live Oak Bancshares to a “hold” rating in a report on Tuesday, September 9th. 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 research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded Live Oak Bancshares from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Live Oak Bancshares Stock Up 5.3%

Shares of Live Oak Bancshares stock opened at $32.16 on Friday. The firm has a fifty day simple moving average of $33.58. Live Oak Bancshares has a 52 week low of $22.68 and a 52 week high of $49.28. The company has a market cap of $1.47 billion, a P/E ratio of 21.58 and a beta of 1.98.

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

Live Oak Bancshares Company Profile

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.