Live Oak Bancshares (NASDAQ:LOB) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research firms have also commented on LOB. Zacks Investment Research raised Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, January 30th. TheStreet raised Live Oak Bancshares from a “c” rating to a “b” rating in a research note on Monday, February 26th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $30.00 price target on shares of Live Oak Bancshares in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $28.25.

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Live Oak Bancshares stock opened at $29.60 on Thursday. Live Oak Bancshares has a 12-month low of $20.40 and a 12-month high of $30.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a market capitalization of $1,170.54, a PE ratio of 11.79 and a beta of 0.23.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.16. The company had revenue of $118.42 million for the quarter, compared to analysts’ expectations of $114.39 million. Live Oak Bancshares had a return on equity of 14.71% and a net margin of 36.36%. equities research analysts forecast that Live Oak Bancshares will post 1.25 EPS for the current year.

In related news, CFO S. Brett Caines sold 7,429 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $26.92, for a total transaction of $199,988.68. Following the completion of the sale, the chief financial officer now owns 423,384 shares in the company, valued at $11,397,497.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 93,914 shares of company stock valued at $2,499,843 in the last quarter. 30.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in Live Oak Bancshares in the 4th quarter valued at $248,000. BB&T Securities LLC purchased a new position in shares of Live Oak Bancshares during the 4th quarter valued at $277,000. Millennium Management LLC purchased a new position in shares of Live Oak Bancshares during the 4th quarter valued at $6,321,000. TIAA CREF Investment Management LLC lifted its position in shares of Live Oak Bancshares by 4.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 58,270 shares of the bank’s stock valued at $1,390,000 after buying an additional 2,449 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Live Oak Bancshares by 15.6% during the 4th quarter. Deutsche Bank AG now owns 56,374 shares of the bank’s stock valued at $1,343,000 after buying an additional 7,619 shares during the last quarter. Hedge funds and other institutional investors own 40.44% of the company’s stock.

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About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA).

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