Shares of Live Oak Bancshares Inc (NASDAQ:LOB) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.50.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Live Oak Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. TheStreet lowered shares of Live Oak Bancshares from a “b-” rating to a “c+” rating in a research note on Friday, December 14th. Zacks Investment Research raised shares of Live Oak Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Sandler O’Neill raised shares of Live Oak Bancshares from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, December 12th. 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.

Shares of NASDAQ LOB traded up $0.05 during mid-day trading on Wednesday, hitting $14.93. The stock had a trading volume of 410 shares, compared to its average volume of 384,245. Live Oak Bancshares has a twelve month low of $13.09 and a twelve month high of $32.95. The company has a market cap of $597.37 million, a price-to-earnings ratio of 11.36 and a beta of 0.80.

Live Oak Bancshares (NASDAQ:LOB) last released its earnings results on Wednesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. Live Oak Bancshares had a return on equity of 11.79% and a net margin of 19.31%. The firm had revenue of $46.86 million for the quarter, compared to the consensus estimate of $48.76 million. As a group, sell-side analysts predict that Live Oak Bancshares will post 0.26 earnings per share for the current year.

In other Live Oak Bancshares news, President Neil Lawrence Underwood acquired 7,165 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was bought at an average price of $13.88 per share, for a total transaction of $99,450.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director H K. Landis acquired 2,000 shares of the business’s stock in a transaction on Wednesday, December 12th. The stock was acquired at an average price of $14.13 per share, with a total value of $28,260.00. Following the acquisition, the director now owns 195,310 shares in the company, valued at approximately $2,759,730.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 433,353 shares of company stock valued at $6,830,781. Insiders own 25.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Live Oak Bancshares by 4.4% during the 4th quarter. BlackRock Inc. now owns 1,760,980 shares of the bank’s stock worth $26,080,000 after buying an additional 74,579 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Live Oak Bancshares during the 4th quarter worth approximately $169,000. West Chester Capital Advisors Inc. boosted its position in shares of Live Oak Bancshares by 1.8% during the 4th quarter. West Chester Capital Advisors Inc. now owns 112,344 shares of the bank’s stock worth $1,664,000 after purchasing an additional 2,000 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of Live Oak Bancshares by 27.5% during the 4th quarter. Virginia Retirement Systems ET AL now owns 20,400 shares of the bank’s stock worth $302,000 after purchasing an additional 4,400 shares during the period. Finally, Whitener Capital Management Inc. boosted its position in shares of Live Oak Bancshares by 24.3% during the 4th quarter. Whitener Capital Management Inc. now owns 54,450 shares of the bank’s stock worth $806,000 after purchasing an additional 10,630 shares during the period. Institutional investors own 46.25% of the company’s stock.

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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