Keefe, Bruyette & Woods Has Lowered Expectations for Live Oak Bancshares (NASDAQ:LOB) Stock Price

Live Oak Bancshares (NASDAQ:LOB) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $36.00 to $34.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 27.62% from the company’s previous close.

Separately, StockNews.com downgraded shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Live Oak Bancshares has an average rating of “Hold” and a consensus price target of $42.25.

Live Oak Bancshares Price Performance

LOB opened at $26.64 on Friday. The firm’s fifty day moving average price is $27.35 and its two-hundred day moving average price is $36.85. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.37 and a beta of 1.75. Live Oak Bancshares has a 1 year low of $22.68 and a 1 year high of $50.57.

Institutional Trading of Live Oak Bancshares

A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in Live Oak Bancshares by 0.6% in the fourth quarter. Invesco Ltd. now owns 50,720 shares of the bank’s stock valued at $2,006,000 after acquiring an additional 298 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Live Oak Bancshares by 3.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,392 shares of the bank’s stock valued at $411,000 after purchasing an additional 356 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Live Oak Bancshares by 7.1% during the fourth quarter. Handelsbanken Fonder AB now owns 6,000 shares of the bank’s stock valued at $237,000 after purchasing an additional 400 shares during the period. Thoroughbred Financial Services LLC increased its position in Live Oak Bancshares by 7.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,594 shares of the bank’s stock worth $221,000 after buying an additional 407 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in shares of Live Oak Bancshares by 3.6% in the fourth quarter. First Hawaiian Bank now owns 16,002 shares of the bank’s stock valued at $633,000 after buying an additional 551 shares during the period. 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.