The stock of Live Oak Bancshares Inc (NASDAQ:LOB) hit a new 52-week high and has $19.03 target or 6.00% above today’s $17.95 share price. The 9 months bullish chart indicates low risk for the $616.22M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $19.03 price target is reached, the company will be worth $36.97M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.56% or $0.1 during the last trading session, hitting $17.95. About 62,644 shares traded hands. Live Oak Bancshares Inc (NASDAQ:LOB) has risen 16.36% since April 22, 2016 and is uptrending. It has outperformed by 10.95% the S&P500.
Analysts await Live Oak Bancshares Inc (NASDAQ:LOB) to report earnings on January, 25. They expect $0.17 EPS, up 6.25% or $0.01 from last year’s $0.16 per share. LOB’s profit will be $5.84M for 26.40 P/E if the $0.17 EPS becomes a reality. After $0.10 actual EPS reported by Live Oak Bancshares Inc for the previous quarter, Wall Street now forecasts 70.00% EPS growth.
Live Oak Bancshares Inc (NASDAQ:LOB) Ratings Coverage
Out of 5 analysts covering Live Oak Bancshares (NASDAQ:LOB), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Live Oak Bancshares has been the topic of 9 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Live Oak Bancshares Inc (NASDAQ:LOB) has “Buy” rating given on Friday, November 6 by Sandler O’Neill. Suntrust Robinson upgraded the shares of LOB in a report on Friday, January 29 to “Buy” rating. SunTrust initiated the shares of LOB in a report on Monday, August 17 with “Neutral” rating. KBW initiated the shares of LOB in a report on Monday, August 17 with “Outperform” rating. The firm earned “Hold” rating on Monday, August 17 by Sandler O’Neill. As per Monday, August 17, the company rating was initiated by Bruyette & Woods”.
According to Zacks Investment Research, “Live Oak Bancshares Inc. is the parent and registered bank holding company of Live Oak Banking Company which offers online platform for small business lending. The company accepts deposit products as well as offers loans which comprise small business administration loans; conventional commercial business loans to small and medium sized businesses and construction loans. It offers loans to the veterinary, pharmacy, investment advisory, beverages, funeral homes, entertainment centers, agricultural and healthcare sectors. Live Oak Bancshares Inc. is headquartered in Wilmington, North Carolina.”
More recent Live Oak Bancshares Inc (NASDAQ:LOB) news were published by: Globenewswire.com which released: “Live Oak Bancshares, Inc. Announces Pricing of Its Initial Public Offering” on July 23, 2015. Also Globenewswire.com published the news titled: “Live Oak Bancshares, Inc. Reports First Quarter 2016 Results” on April 27, 2016. Seekingalpha.com‘s news article titled: “Live Oak Bancshares’ (LOB) CEO Chip Mahan on Q3 2016 Results – Earnings Call …” with publication date: October 30, 2016 was also an interesting one.
LOB Company Profile
Live Oak Bancshares, Inc., incorporated on December 18, 2008, is the bank holding firm for Live Oak Banking Company (the Bank). The Bank is a commercial bank and a national online platform for small business lending. The Firm provides certain small businesses across the United States a means to access capital. The Firm primarily originates loans partially guaranteed by the United States Small Business Administration (SBA) to small businesses and professionals. The Firm generally sells the guaranteed portion of its SBA 7(a) loans in the secondary market.
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