Live Oak Bancshares, Inc. (NYSE:LOB) Given Average Recommendation of “Hold” by Brokerages

Shares of Live Oak Bancshares, Inc. (NYSE:LOB) have been given a consensus recommendation of “Hold” by the four brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company.

Several research firms recently weighed in on LOB. Zacks Research downgraded shares of Live Oak Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Wall Street Zen upgraded shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Live Oak Bancshares in a research note on Thursday, January 22nd.

Live Oak Bancshares Price Performance

LOB opened at $38.69 on Wednesday. The stock’s 50 day moving average price is $38.08 and its 200 day moving average price is $35.72. The stock has a market cap of $1.77 billion, a P/E ratio of 17.43 and a beta of 2.00. Live Oak Bancshares has a 12 month low of $22.68 and a 12 month high of $42.89.

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

About Live Oak Bancshares

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.