News headlines about Live Oak Bank (NASDAQ:LOB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Live Oak Bank earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.5316848145758 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Live Oak Bancshares (LOB) Upgraded to Strong-Buy by Zacks Investment Research (americanbankingnews.com)
- Zacks Investment Research Lowers Live Oak Bancshares (LOB) to Hold (americanbankingnews.com)
- Live Oak Bank Announces John Wahl Joins Mergers & Acquisitions Team (finance.yahoo.com)
- Live Oak Bancshares, Inc. Announces Date of First Quarter 2018 Financial Results (finance.yahoo.com)
- Live Oak Bancshares (LOB) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
NASDAQ LOB opened at $28.60 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1,010.25, a PE ratio of 22.88 and a beta of 0.16. Live Oak Bank has a 12 month low of $20.75 and a 12 month high of $30.05.
LOB has been the topic of several recent analyst reports. BidaskClub raised shares of Live Oak Bank from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Sandler O’Neill reissued a “buy” rating and issued a $30.00 target price on shares of Live Oak Bank in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Live Oak Bank from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, January 30th. Finally, TheStreet raised shares of Live Oak Bank from a “c” rating to a “b” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $28.50.
In other news, CFO S. Brett Caines sold 7,263 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $27.53, for a total value of $199,950.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 93,914 shares of company stock worth $2,499,843. Company insiders own 25.70% of the company’s stock.
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About Live Oak Bank
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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