ValuEngine upgraded shares of Live Oak Bancshares (NASDAQ:LOB) from a strong sell rating to a sell rating in a research report report published on Friday.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Live Oak Bancshares from a sell rating to a strong sell rating in a research note on Thursday, October 4th. Zacks Investment Research raised shares of Live Oak Bancshares from a strong sell rating to a hold rating in a research note on Wednesday, September 26th. Finally, SunTrust Banks lowered their target price on shares of Live Oak Bancshares from $32.00 to $23.00 and set a buy rating on the stock in a research note on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $29.00.

LOB traded down $0.19 on Friday, reaching $16.74. The company had a trading volume of 222,887 shares, compared to its average volume of 177,902. The company has a market capitalization of $679.67 million, a P/E ratio of 13.39 and a beta of 0.78. Live Oak Bancshares has a 52-week low of $16.14 and a 52-week high of $32.95.

Live Oak Bancshares (NASDAQ:LOB) last announced its earnings results on Wednesday, October 24th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $52.06 million for the quarter, compared to the consensus estimate of $58.79 million. Live Oak Bancshares had a net margin of 34.19% and a return on equity of 13.29%. As a group, research analysts anticipate that Live Oak Bancshares will post 1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, November 30th. Live Oak Bancshares’s dividend payout ratio (DPR) is presently 9.60%.

In other Live Oak Bancshares news, Director William Henderson Cameron purchased 2,500 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were purchased at an average cost of $19.13 per share, with a total value of $47,825.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 6,000 shares of company stock worth $112,695 over the last three months. Insiders own 25.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LOB. UBS Group AG increased its stake in shares of Live Oak Bancshares by 440.3% in the first quarter. UBS Group AG now owns 7,315 shares of the bank’s stock worth $204,000 after buying an additional 5,961 shares during the period. First Trust Advisors LP increased its stake in shares of Live Oak Bancshares by 292.7% in the second quarter. First Trust Advisors LP now owns 162,060 shares of the bank’s stock worth $4,967,000 after buying an additional 120,788 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Live Oak Bancshares in the second quarter worth $460,000. Rhumbline Advisers increased its stake in shares of Live Oak Bancshares by 25.3% in the second quarter. Rhumbline Advisers now owns 25,502 shares of the bank’s stock worth $782,000 after buying an additional 5,150 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Live Oak Bancshares by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 144,912 shares of the bank’s stock worth $4,442,000 after buying an additional 9,652 shares during the period. 47.57% of the stock is currently owned by institutional investors.

About Live Oak Bancshares

Live Oak Bancshares, Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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