Truist Securities Maintains Buy on Live Oak Bancshares, Lowers Price Target to $38
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Truist Securities analyst Brandon King maintains Live Oak Bancshares (NYSE:LOB) with a Buy and lowers the price target from $40 to $38.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/5/2023 | $40.00 | Neutral → Overweight | JP Morgan |
| 4/28/2023 | $25.00 → $26.50 | Underweight → Neutral | JP Morgan |
| 2/27/2023 | Mkt Perform | Raymond James | |
| 12/13/2022 | $34.00 → $30.00 | Neutral → Underweight | JP Morgan |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/1/2022 | $58.00 → $41.00 | Overweight → Neutral | JP Morgan |
| 2/17/2022 | $75.00 → $85.00 | Overweight | JP Morgan |
| 1/27/2022 | $100.00 → $80.00 | Outperform | Raymond James |
SC 13G/A - Live Oak Bancshares, Inc. (0001462120) (Subject)
SC 13G/A - Live Oak Bancshares, Inc. (0001462120) (Subject)
SC 13G/A - Live Oak Bancshares, Inc. (0001462120) (Subject)
Warrior Expands Access to Capital for Veteran-Owned Businesses Through Alliances with Parlay and Live Oak Bank and Acquisition of Launch Plan™ SALT LAKE CITY, Nov. 12, 2024 /PRNewswire/ -- Warrior Rising, a national 501c3 non-profit organization dedicated to empowering U.S. military veterans and their families through entrepreneurship, today announced it has established a relationship with Parlay Finance and Live Oak Bank to increase capital access and support for veteran-owned small businesses across the nation. With a shared commitment to empowering veteran entrepreneurs, this collaboration aims to help businesses led by veterans and military spouses thrive through education, coaching, men
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share. "Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "We believe our business momentum is in an exciting place and our conservative approach to growth is driving positive operating leverage, revenue, and deeper customer relationships." Third Quarter 2024 Key Measures (Dollars in thousands, except per
WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks. "Live Oak's entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape," said Stephanie Mann, Live Oak Bank Chief Strategy Officer. "After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space." Synply offers banks a simplified tool to centralize the entire process
Live Oak Bancshares (NYSE:LOB) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.48 by 22.92 percent. This is a 51.28 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $125.479 million which beat the analyst consensus estimate of $120.120 million by 4.46 percent. This is a 15.69 percent increase over sales of $108.458 million the same period last year.
Truist Securities analyst Brandon King maintains Live Oak Bancshares (NYSE:LOB) with a Buy and lowers the price target from $40 to $38.
During the last three months, 4 analysts shared their evaluations of Live Oak Bancshares (NYSE:LOB), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $42.5, a high estimate of $47.00, and a low estimate of $38.00. This current average has decreased by
JP Morgan upgraded Live Oak Bancshares from Neutral to Overweight and set a new price target of $40.00
JP Morgan upgraded Live Oak Bancshares from Underweight to Neutral and set a new price target of $26.50 from $25.00 previously
Raymond James resumed coverage of Live Oak Bancshares with a rating of Mkt Perform
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
WILMINGTON, N.C., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Yousef A. Valine to its board of directors effective September 15, 2022. Valine has also been appointed to the board of directors of Live Oak Bank. "We are very pleased to welcome Yousef to our board of directors," said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. "He brings exceptional perspective and depth of experience in financial services and will be a valuable addition as Live Oak continues on its mission to be America's small business bank." Valine has more than 37 years of broad experience in financial services, including 24 years at Wachovia and 13 years as Fi
WILMINGTON, N.C., July 20, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Casey S. Crawford to its board of directors effective today. Crawford has also been appointed to the board of directors of Live Oak Bank. "We are very pleased to welcome Casey to our board of directors," said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. "His depth of executive experience, including lending expertise, will be an excellent addition to our board as Live Oak Bank continues on its mission to be America's small business bank." Crawford is Co-Founder and Chief Executive Officer of Movement Mortgage, a top 10 national retail mortgage lender. He is also the chai
WILMINGTON, N.C., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today the appointment of David G. Lucht to its board of directors effective immediately. Lucht has also been appointed to the board of directors of Live Oak Bank. “David has been part of the heart and soul of Live Oak since its earliest days,” said Live Oak Chairman and CEO James S. (Chip) Mahan, III. “We are thrilled to have him join the board and continue leading the organization with the incredible level of dedication and acumen that has helped get us where we are today.” Lucht is a founding member of the Live Oak Bank team and most recently served as executive vice president of credit before retiring in
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share. "Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "We believe our business momentum is in an exciting place and our conservative approach to growth is driving positive operating leverage, revenue, and deeper customer relationships." Third Quarter 2024 Key Measures (Dollars in thousands, except per
WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 24, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 04478. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details a
WILMINGTON, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported second quarter of 2024 net income of $27.0 million, or $0.59 per diluted share. "Live Oak delivered a solid quarter with growth in loans, deposits and revenue as we continue our mission to serve small businesses across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "The strength of our portfolio is due to the quality of the entrepreneurs we serve. Our focus on credit strength, specialized industries and deep expertise continues to demonstrate the power of our franchise, and we are confident in the long-term oppor
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
10-Q - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)