Live Oak Bancshares (NASDAQ:LOB) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Sandler O’Neill upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and lowered their target price for the company from $25.00 to $24.00 in a research note on Wednesday, September 6th. SunTrust Banks restated a “buy” rating and issued a $27.00 target price on shares of Live Oak Bancshares in a research note on Thursday, October 12th. Keefe, Bruyette & Woods initiated coverage on shares of Live Oak Bancshares in a research note on Monday, October 16th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, TheStreet upgraded shares of Live Oak Bancshares from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.50.

Live Oak Bancshares (NASDAQ:LOB) opened at $25.20 on Friday. The stock has a market cap of $1,008.86, a P/E ratio of 26.35 and a beta of -0.03. Live Oak Bancshares has a 1-year low of $17.50 and a 1-year high of $26.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.05.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The company had revenue of $46.09 million during the quarter, compared to the consensus estimate of $42.56 million. Live Oak Bancshares had a net margin of 17.68% and a return on equity of 13.60%. equities analysts predict that Live Oak Bancshares will post 1.07 EPS for the current year.

In related news, Director Glen F. Hoffsis acquired 1,400 shares of the stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $23.50 per share, for a total transaction of $32,900.00. Following the completion of the purchase, the director now owns 85,382 shares of the company’s stock, valued at approximately $2,006,477. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 30.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Live Oak Bancshares by 2.2% during the second quarter. Vanguard Group Inc. now owns 864,889 shares of the bank’s stock valued at $20,930,000 after purchasing an additional 18,939 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in Live Oak Bancshares by 159.9% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 602,548 shares of the bank’s stock valued at $14,130,000 after purchasing an additional 370,698 shares during the period. Emerald Advisers Inc. PA acquired a new position in Live Oak Bancshares during the third quarter valued at $9,573,000. Raymond James Financial Services Advisors Inc. acquired a new position in Live Oak Bancshares during the third quarter valued at $8,443,000. Finally, State Street Corp lifted its position in Live Oak Bancshares by 10.3% during the second quarter. State Street Corp now owns 354,407 shares of the bank’s stock valued at $8,579,000 after purchasing an additional 33,082 shares during the period. Institutional investors own 40.98% of the company’s stock.

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About Live Oak Bancshares

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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