BidaskClub Lowers Live Oak Bancshares (NASDAQ:LOB) to Sell

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Live Oak Bancshares (NASDAQ:LOB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

Separately, ValuEngine raised shares of XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.50.

Shares of LOB opened at $17.08 on Friday. The company’s 50 day moving average is $16.56. Live Oak Bancshares has a 52 week low of $13.09 and a 52 week high of $32.95. The stock has a market capitalization of $686.33 million, a P/E ratio of 15.96 and a beta of 1.04.

Live Oak Bancshares (NASDAQ:LOB) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. Live Oak Bancshares had a net margin of 15.69% and a return on equity of 9.15%. The firm had revenue of $43.63 million for the quarter, compared to the consensus estimate of $42.99 million. As a group, equities research analysts forecast that Live Oak Bancshares will post 0.38 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Live Oak Bancshares by 4.4% in the fourth 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 last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Live Oak Bancshares by 35.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 600,109 shares of the bank’s stock worth $8,888,000 after buying an additional 157,864 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Live Oak Bancshares by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 307,267 shares of the bank’s stock worth $4,550,000 after buying an additional 14,161 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Live Oak Bancshares in the fourth quarter worth $4,284,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Live Oak Bancshares by 42.3% in the fourth quarter. Bank of New York Mellon Corp now owns 207,695 shares of the bank’s stock worth $3,076,000 after buying an additional 61,719 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

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

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