SunTrust Robinson Humphrey Maintains Live Oak Bancshares Inc to Buy with Price Target $16.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Live Oak Bancshares Inc(NASDAQ:LOB). In a research note issued to the investors, the brokerage major Lowers the price-target to $16.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on Live Oak Bancshares Inc. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Outperform’ by the firm.

Live Oak Bancshares Inc (LOB) shares turned negative on Mondays trading session with the shares closing down -0.05 points or -0.38% at a volume of 40,263. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.47. The peak price level was also seen at $13.47 while the days lowest was $13.26. Finally the shares closed at $13.28. The 52-week high of the shares is $20.5 while the 52-week low is $12.095. According to the latest information available, the market cap of the company is $454 M.

Live Oak Bancshares Inc(LOB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $29.27M. Analysts had an estimated revenue of $34.06M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, Don Jackson (director) purchased 16,787 shares at $13.49 per share price.Also, On Dec 15, 2015, Miltom Emmett Petty (director) purchased 2,000 shares at $13.01 per share price.On Dec 14, 2015, Steve Smits (Chief Credit Officer) sold 1,000 shares at $13.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Live Oak Bancshares Inc. is a bank holding company. Through its subsidiary Live Oak Banking Company (the Bank) it is engaged in providing lending services to small businesses across the United States in targeted industries. The Bank offers a national online platform for small business lending. The Bank offers a range of short and medium-term commercial and construction loans partially guaranteed by the United States Small Business Administration (SBA) to small businesses and professionals. The Bank’s investment securities portfolio includes available-for-sale securities. The Bank’s available-for-sale securities include agency direct obligations agency mortgage-backed securities and mutual funds. The Bank’s sources of funds include deposits. In addition to Live Oak Banking Company Live Oak Bancshares Inc.’s subsidiaries include Government Loan Solutions Inc. 504 Fund Advisors LLC and Independence Aviation LLC.

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