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

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

LOB opened at $17.08 on Friday. The company’s fifty day moving average price is $16.56. The firm has a market cap of $686.33 million, a price-to-earnings ratio of 15.96 and a beta of 1.04. Live Oak Bancshares has a twelve month low of $13.09 and a twelve month high of $32.95.

Live Oak Bancshares (NASDAQ:LOB) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. The business had revenue of $43.63 million during the quarter, compared to analyst estimates of $42.99 million. Live Oak Bancshares had a net margin of 15.69% and a return on equity of 9.15%. Sell-side analysts anticipate that Live Oak Bancshares will post 0.38 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its position in shares of Live Oak Bancshares by 58,766.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,298 shares of the bank’s stock worth $77,000 after buying an additional 5,289 shares during the last quarter. Legacy Advisors LLC bought a new position in shares of Live Oak Bancshares in the 1st quarter worth about $80,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Live Oak Bancshares by 290.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,503 shares of the bank’s stock worth $126,000 after buying an additional 6,327 shares during the last quarter. Group One Trading L.P. bought a new position in shares of Live Oak Bancshares in the 1st quarter worth about $200,000. Finally, Principal Financial Group Inc. lifted its position in shares of Live Oak Bancshares by 72.4% in the 4th quarter. Principal Financial Group Inc. now owns 14,609 shares of the bank’s stock worth $216,000 after buying an additional 6,133 shares during the last quarter. 45.31% of the stock is owned by 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.

Further Reading: Green Investing

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