Live Oak Bancshares (NASDAQ:LOB) Given Buy Rating at Truist Financial

Live Oak Bancshares (NASDAQ:LOBGet Free Report)‘s stock had its “buy” rating reiterated by Truist Financial in a note issued to investors on Monday, Benzinga reports. They currently have a $47.00 target price on the bank’s stock. Truist Financial’s price target suggests a potential upside of 17.38% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. TheStreet cut shares of Live Oak Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. StockNews.com lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Live Oak Bancshares from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Live Oak Bancshares currently has an average rating of “Hold” and an average target price of $41.50.

Read Our Latest Report on Live Oak Bancshares

Live Oak Bancshares Trading Down 1.3 %

LOB stock opened at $40.04 on Monday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 24.41 and a beta of 1.60. Live Oak Bancshares has a 12 month low of $19.53 and a 12 month high of $47.22. The firm has a 50-day moving average price of $39.28 and a 200-day moving average price of $36.37.

Live Oak Bancshares (NASDAQ:LOBGet Free Report) last posted its earnings results on Wednesday, January 24th. The bank reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). The company had revenue of $119.68 million during the quarter, compared to the consensus estimate of $119.36 million. Live Oak Bancshares had a return on equity of 8.67% and a net margin of 9.24%. As a group, equities analysts predict that Live Oak Bancshares will post 2.25 EPS for the current fiscal year.

Insider Buying and Selling at Live Oak Bancshares

In other news, insider Micah S. Davis sold 8,613 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $39.87, for a total transaction of $343,400.31. Following the completion of the sale, the insider now owns 43,864 shares of the company’s stock, valued at approximately $1,748,857.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Miltom Emmett Petty sold 10,000 shares of Live Oak Bancshares stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $39.73, for a total value of $397,300.00. Following the completion of the sale, the director now owns 121,941 shares of the company’s stock, valued at approximately $4,844,715.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Micah S. Davis sold 8,613 shares of Live Oak Bancshares stock in a transaction on Monday, March 11th. The shares were sold at an average price of $39.87, for a total transaction of $343,400.31. Following the completion of the sale, the insider now directly owns 43,864 shares of the company’s stock, valued at approximately $1,748,857.68. The disclosure for this sale can be found here. Insiders own 24.90% of the company’s stock.

Institutional Trading of Live Oak Bancshares

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Live Oak Bancshares by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,509,008 shares of the bank’s stock valued at $114,160,000 after purchasing an additional 27,451 shares during the period. Mendon Capital Advisors Corp bought a new position in Live Oak Bancshares during the 4th quarter valued at $4,550,000. Price T Rowe Associates Inc. MD lifted its stake in Live Oak Bancshares by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,341 shares of the bank’s stock valued at $926,000 after acquiring an additional 1,026 shares in the last quarter. Legal & General Group Plc lifted its stake in Live Oak Bancshares by 6.7% during the 4th quarter. Legal & General Group Plc now owns 32,119 shares of the bank’s stock valued at $1,454,000 after acquiring an additional 2,008 shares in the last quarter. Finally, Barclays PLC lifted its stake in Live Oak Bancshares by 151,336.0% during the 4th quarter. Barclays PLC now owns 75,718 shares of the bank’s stock valued at $3,445,000 after acquiring an additional 75,668 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company’s stock.

About Live Oak Bancshares

(Get Free Report)

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.

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