Live Oak Bancshares Inc (NASDAQ:LOB) – Equities research analysts at SunTrust Banks lifted their Q3 2020 earnings estimates for Live Oak Bancshares in a research note issued on Tuesday, July 28th. SunTrust Banks analyst J. Demba now expects that the bank will earn $0.28 per share for the quarter, up from their previous estimate of $0.14. SunTrust Banks currently has a “Buy” rating and a $17.00 price target on the stock. SunTrust Banks also issued estimates for Live Oak Bancshares’ Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $0.47 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.36 EPS, Q3 2021 earnings at $0.41 EPS, Q4 2021 earnings at $0.51 EPS and FY2021 earnings at $1.55 EPS.
LOB has been the subject of several other research reports. Zacks Investment Research raised shares of Live Oak Bancshares from a “sell” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research report on Wednesday. ValuEngine upgraded shares of Live Oak Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, April 23rd. Itau BBA Securities downgraded shares of Live Oak Bancshares from an “outperform” rating to a “market perform” rating and set a $130.00 price objective on the stock. in a research note on Tuesday, May 12th. Finally, BidaskClub upgraded shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.00.
Shares of LOB opened at $17.01 on Friday. Live Oak Bancshares has a 1 year low of $7.57 and a 1 year high of $20.17. The company’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $14.61. The company has a market capitalization of $689.08 million, a price-to-earnings ratio of 106.31 and a beta of 1.12.
Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Live Oak Bancshares had a net margin of 2.15% and a return on equity of 1.35%. The firm had revenue of $63.31 million for the quarter, compared to the consensus estimate of $55.34 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of LOB. Point72 Hong Kong Ltd bought a new stake in Live Oak Bancshares in the 4th quarter valued at $30,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Live Oak Bancshares by 90.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,500 shares of the bank’s stock worth $47,000 after purchasing an additional 1,185 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in Live Oak Bancshares by 100.0% during the 1st quarter. Laurel Wealth Advisors LLC now owns 3,200 shares of the bank’s stock worth $40,000 after purchasing an additional 1,600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Live Oak Bancshares by 124.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,908 shares of the bank’s stock valued at $57,000 after acquiring an additional 2,167 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Live Oak Bancshares in the 1st quarter valued at about $67,000. Hedge funds and other institutional investors own 43.04% of the company’s stock.
Live Oak Bancshares Company Profile
Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, savings, and time deposits.
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