Live Oak Bancshares (NYSE:LOB) Raised to Hold 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 report released on Saturday.

Several other brokerages have also weighed in on LOB. Keefe, Bruyette & Woods raised Live Oak Bancshares from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 19th. Cantor Fitzgerald raised Live Oak Bancshares to a “hold” rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Live Oak Bancshares presently has a consensus rating of “Hold”.

Live Oak Bancshares Price Performance

Shares of NYSE:LOB opened at $36.50 on Friday. Live Oak Bancshares has a 1-year low of $22.68 and a 1-year high of $50.30. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 29.92 and a beta of 1.75. The stock’s 50 day moving average price is $35.38.

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.