Live Oak Bancshares, Inc. (NYSE:LOB) Receives Average Rating of “Hold” from Brokerages

Live Oak Bancshares, Inc. (NYSE:LOBGet Free Report) has been assigned an average rating of “Hold” from the four research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently issued reports on LOB shares. Wall Street Zen raised Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Live Oak Bancshares in a research report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Live Oak Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday.

View Our Latest Report on LOB

Live Oak Bancshares Trading Up 0.7%

Shares of NYSE LOB opened at $40.81 on Wednesday. Live Oak Bancshares has a 1-year low of $22.68 and a 1-year high of $42.89. The company has a 50-day moving average of $37.63 and a two-hundred day moving average of $35.41. The company has a market cap of $1.87 billion, a PE ratio of 18.38 and a beta of 2.00.

Live Oak Bancshares (NYSE:LOBGet Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.39. Live Oak Bancshares had a net margin of 10.09% and a return on equity of 9.91%. The business had revenue of $161.86 million during the quarter.

Live Oak Bancshares Company Profile

(Get Free Report)

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.

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