Several analysts have recently updated their ratings and price targets for Live Oak Bancshares (NASDAQ: LOB):

  • 11/1/2017 – Live Oak Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 10/23/2017 – Live Oak Bancshares was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 10/18/2017 – Live Oak Bancshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/16/2017 – Live Oak Bancshares is now covered by analysts at Keefe, Bruyette & Woods. They set a “market perform” rating and a $26.00 price target on the stock.
  • 10/12/2017 – Live Oak Bancshares had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $27.00 price target on the stock.
  • 10/11/2017 – Live Oak Bancshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina. “
  • 10/10/2017 – Live Oak Bancshares was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/26/2017 – Live Oak Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2017 – Live Oak Bancshares was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock, down previously from $25.00.

Shares of Live Oak Bancshares, Inc. (NASDAQ:LOB) traded up $0.45 during midday trading on Friday, reaching $23.95. The company’s stock had a trading volume of 31,987 shares, compared to its average volume of 79,447. The company has a market capitalization of $828.45 million, a PE ratio of 24.90 and a beta of -0.09.

Live Oak Bancshares (NASDAQ:LOB) last posted its earnings results on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. The business had revenue of $46.09 million for the quarter, compared to analysts’ expectations of $42.56 million. Live Oak Bancshares had a return on equity of 15.61% and a net margin of 17.68%. equities research analysts anticipate that Live Oak Bancshares, Inc. will post 1.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Friday, November 10th. Live Oak Bancshares’s payout ratio is 12.90%.

In other news, Director Diane Beth Glossman purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $23.07 per share, with a total value of $46,140.00. Following the purchase, the director now directly owns 26,892 shares of the company’s stock, valued at $620,398.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 30.10% of the company’s stock.

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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