In a report released today, Brandon King from Truist Financial maintained a Buy rating on Live Oak Bancshares (LOB – Research Report), with a price target of $40.00. The company’s shares opened today at $35.84.
King covers the Financial sector, focusing on stocks such as Synovus, East West Bancorp, and Regions Financial. According to TipRanks, King has an average return of 9.3% and a 61.93% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Live Oak Bancshares with a $42.00 average price target.
Based on Live Oak Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $127.3 million and a net profit of $39.79 million. In comparison, last year the company earned a revenue of $141.61 million and had a net profit of $42.87 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LOB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Live Oak Bancshares (LOB) Company Description:
Live Oak Bancshares, Inc. operates as a bank holding company for Live Oak Banking Company, which operates an established national online platform for small business lending. It is focused on lending to small businesses and professionals in the veterinary practices, healthcare services, independent pharmacies, death care management, investment advisors, family entertainment centers and poultry agriculture regions. The company was founded by James S. Mahan III in December 2008 and is headquartered in Wilmington, NC.
