BidaskClub upgraded shares of Live Oak Bancshares (NASDAQ:LOB) from a strong sell rating to a sell rating in a report released on Saturday, BidAskClub reports.

A number of other research firms also recently commented on LOB. Zacks Investment Research raised Live Oak Bancshares from a sell rating to a hold rating in a report on Thursday, December 20th. ValuEngine downgraded Live Oak Bancshares from a hold rating to a sell rating in a report on Wednesday, March 20th. Finally, TheStreet downgraded Live Oak Bancshares from a b- rating to a c+ rating in a report on Friday, December 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Live Oak Bancshares currently has an average rating of Hold and an average price target of $22.00.

Shares of NASDAQ LOB opened at $16.07 on Friday. Live Oak Bancshares has a fifty-two week low of $13.09 and a fifty-two week high of $32.95. The company has a market cap of $637.32 million, a price-to-earnings ratio of 12.17 and a beta of 0.85.

Live Oak Bancshares (NASDAQ:LOB) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.14. Live Oak Bancshares had a return on equity of 11.60% and a net margin of 19.31%. The firm had revenue of $46.86 million during the quarter, compared to analyst estimates of $48.76 million. Equities research analysts forecast that Live Oak Bancshares will post 0.26 earnings per share for the current year.

In related news, Director Diane Beth Glossman purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The shares were acquired at an average price of $13.87 per share, with a total value of $27,740.00. Following the acquisition, the director now owns 30,102 shares in the company, valued at approximately $417,514.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Huntley Garriott purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was bought at an average cost of $13.82 per share, for a total transaction of $276,400.00. Following the acquisition, the insider now owns 55,000 shares in the company, valued at approximately $760,100. The disclosure for this purchase can be found here. In the last three months, insiders purchased 31,665 shares of company stock worth $440,565. Company insiders own 25.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LOB. BlackRock Inc. increased its position in Live Oak Bancshares by 4.4% in the 4th quarter. BlackRock Inc. now owns 1,760,980 shares of the bank’s stock valued at $26,080,000 after acquiring an additional 74,579 shares during the period. Vanguard Group Inc increased its position in Live Oak Bancshares by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 1,172,896 shares of the bank’s stock valued at $31,435,000 after acquiring an additional 15,592 shares during the period. Vanguard Group Inc. increased its position in Live Oak Bancshares by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,172,896 shares of the bank’s stock valued at $31,435,000 after acquiring an additional 15,592 shares during the period. Mendon Capital Advisors Corp increased its position in Live Oak Bancshares by 17.9% in the 4th quarter. Mendon Capital Advisors Corp now owns 1,047,480 shares of the bank’s stock valued at $15,513,000 after acquiring an additional 158,986 shares during the period. Finally, RMB Capital Management LLC increased its position in Live Oak Bancshares by 50.6% in the 4th quarter. RMB Capital Management LLC now owns 674,660 shares of the bank’s stock valued at $9,992,000 after acquiring an additional 226,735 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

About Live Oak Bancshares

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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