Live Oak Bancshares (NASDAQ:LOB) had its target price upped by analysts at Keefe, Bruyette &amp; Woods from $34.00 to $36.00 in a research report issued on Friday, Benzina reports. The brokerage presently has a \"market perform\" rating on the bank’s stock. Keefe, Bruyette &amp; Woods’ target price suggests a potential upside of 11.38% from the company’s current price.\n\nSeparately, Wall Street Zen downgraded Live Oak Bancshares from a \"hold\" rating to a \"sell\" rating in a report on Friday, March 28th.\n\n<a>Read Our Latest Research Report on Live Oak Bancshares</a>\n\nLive Oak Bancshares Stock Down 0.7% NASDAQ LOB opened at $32.32 on Friday. Live Oak Bancshares has a twelve month low of $22.68 and a twelve month high of $50.57. The firm has a market capitalization of $1.47 billion, a PE ratio of 22.29 and a beta of 1.84. The stock’s 50 day moving average is $28.73 and its 200 day moving average is $30.50.\n\nInsider Buying and Selling In other Live Oak Bancshares news, Director William Henderson Cameron acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $25.92 per share, with a total value of $129,600.00. Following the completion of the purchase, the director directly owned 11,904 shares in the company, valued at approximately $308,551.68. The trade was a 72.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by insiders.\n\nHedge Funds Weigh In On Live Oak Bancshares A number of hedge funds have recently made changes to their positions in LOB. Capital International Investors boosted its stake in Live Oak Bancshares by 75.8% during the fourth quarter. Capital International Investors now owns 2,041,706 shares of the bank’s stock valued at $80,749,000 after buying an additional 880,530 shares during the last quarter. Millennium Management LLC boosted its stake in Live Oak Bancshares by 655.6% during the first quarter. Millennium Management LLC now owns 687,885 shares of the bank’s stock valued at $18,339,000 after buying an additional 596,841 shares during the last quarter. Nuveen LLC bought a new position in Live Oak Bancshares during the first quarter valued at approximately $8,116,000. Citigroup Inc. boosted its stake in Live Oak Bancshares by 428.2% during the first quarter. Citigroup Inc. now owns 295,250 shares of the bank’s stock valued at $7,871,000 after buying an additional 239,356 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Live Oak Bancshares by 1,263.2% during the first quarter. Jane Street Group LLC now owns 201,816 shares of the bank’s stock valued at $5,380,000 after buying an additional 187,011 shares during the last quarter. Institutional investors own 63.95% of the company’s stock.\n\nAbout Live Oak Bancshares (Get Free Report) Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.

Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Live Oak Bancshares (NASDAQ:LOB) Stock

Analysts at Keefe, Bruyette & Woods raised Live Oak Bancshares' target price to $36.00 from $34.00, suggesting a potential 11.38% upside from its current price. Wall Street Zen downgraded the stock to a 'sell' rating. The company has a market cap of $1.47 billion, PE ratio of 22.29, and 63.95% institutional ownership. Insider William Henderson Cameron increased his stake, while major hedge funds adjusted their positions in the bank.