Live Oak Bancshares Inc [NYSE: LOB] closed the trading session at $48.19.
The stocks have a year to date performance of 5.91 percent and weekly performance of 4.72 percent. The stock has been moved at 42.74 percent over the last six months. The stock has performed 20.96 percent around the most recent 30 days and changed 12.15 percent over the most recent 3-months.
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If compared to the average trading volume of 199.11K shares, LOB reached to a volume of 125948 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Live Oak Bancshares Inc [LOB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOB shares is $48.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LOB stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Live Oak Bancshares Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 05, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $25 to $26.50. The new note on the price target was released on April 28, 2023, representing the official price target for Live Oak Bancshares Inc stock. On December 13, 2022, analysts decreased their price target for LOB shares from 34 to 30.
The Average True Range (ATR) for Live Oak Bancshares Inc is set at 1.71, with the Price to Sales ratio for LOB stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 2.16. Price to Free Cash Flow for LOB in the course of the last twelve months was 4.64.
LOB stock trade performance evaluation
Live Oak Bancshares Inc [LOB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.72. With this latest performance, LOB shares gained by 20.96% in over the last four-week period, additionally plugging by 42.74% over the last 6 months – not to mention a rise of 49.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LOB stock in for the last two-week period is set at 56.59, with the RSI for the last a single of trading hit 58.36, and the three-weeks RSI is set at 55.52 for Live Oak Bancshares Inc [LOB]. The present Moving Average for the last 50 days of trading for this stock 46.33, while it was recorded at 48.11 for the last single week of trading, and 40.35 for the last 200 days.
Live Oak Bancshares Inc [LOB]: An insightful look at the core fundamentals
Live Oak Bancshares Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 2.91.
Live Oak Bancshares Inc [LOB]: Institutional Ownership
There are presently around $70.41%, or 93.00%% of LOB stock, in the hands of institutional investors. The top three institutional holders of LOB stocks are: T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with ownership of 6.45 million shares, which is approximately 14.406%. BLACKROCK INC., holding 2.76 million shares of the stock with an approximate value of $$96.69 million in LOB stocks shares; and BLACKROCK INC., currently with $$91.3 million in LOB stock with ownership which is approximately 5.8178%.
