Live Oak Bancshares (NYSE:LOB) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Live Oak Bancshares (NYSE:LOB) from a hold rating to a sell rating in a research note released on Saturday.

LOB has been the topic of a number of other reports. Keefe, Bruyette & Woods upgraded shares of Live Oak Bancshares from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 19th. TD Cowen upgraded shares of Live Oak Bancshares to a “strong-buy” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Live Oak Bancshares in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded Live Oak Bancshares to a “hold” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Live Oak Bancshares Trading Down 0.3%

Live Oak Bancshares stock traded down $0.10 during mid-day trading on Friday, reaching $31.19. 200,856 shares of the company were exchanged, compared to its average volume of 286,831. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 20.93 and a beta of 1.98. The firm’s fifty day simple moving average is $34.49. Live Oak Bancshares has a 12 month low of $22.68 and a 12 month high of $50.16.

Live Oak Bancshares (NYSE:LOB) last released its earnings results on Wednesday, October 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Live Oak Bancshares had a return on equity of 6.73% and a net margin of 6.94%.The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $147.35 million.

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, as well as interest-bearing checking, money market, savings, and time deposits.