Live Oak Bancshares (NASDAQ:LOB) Rating Lowered to “Sell” at StockNews.com

Live Oak Bancshares (NASDAQ:LOB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $44.00 target price (down from $48.00) on shares of Live Oak Bancshares in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Live Oak Bancshares has an average rating of “Hold” and an average price target of $44.75.

Live Oak Bancshares Stock Performance

LOB opened at $26.55 on Friday. The company has a fifty day moving average of $32.26 and a 200 day moving average of $40.16. Live Oak Bancshares has a fifty-two week low of $26.34 and a fifty-two week high of $50.57. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.31 and a beta of 1.69.

Hedge Funds Weigh In On Live Oak Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new position in Live Oak Bancshares during the 4th quarter valued at about $27,000. Quarry LP increased its holdings in Live Oak Bancshares by 98.6% in the third quarter. Quarry LP now owns 713 shares of the bank’s stock valued at $34,000 after buying an additional 354 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Live Oak Bancshares in the 4th quarter valued at about $71,000. Principal Securities Inc. raised its stake in shares of Live Oak Bancshares by 99.7% during the 4th quarter. Principal Securities Inc. now owns 3,000 shares of the bank’s stock worth $119,000 after buying an additional 1,498 shares during the period. Finally, FMR LLC lifted its holdings in Live Oak Bancshares by 15.0% during the third quarter. FMR LLC now owns 4,364 shares of the bank’s stock valued at $207,000 after purchasing an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.