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J.P. Morgan Reaffirms Their Buy Rating on Live Oak Bancshares (LOB)

In a report issued on April 1, Steven Alexopoulos from J.P. Morgan maintained a Buy rating on Live Oak Bancshares (LOBResearch Report), with a price target of $65.00. The company’s shares closed last Friday at $51.98, close to its 52-week low of $50.51.

According to TipRanks.com, Alexopoulos is a 4-star analyst with an average return of 10.7% and a 53.5% success rate. Alexopoulos covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Huntington Bancshares, and Cullen/Frost Bankers.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Live Oak Bancshares with a $75.00 average price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $99.89 and a one-year low of $50.51. Currently, Live Oak Bancshares has an average volume of 411.1K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LOB in relation to earlier this year. Most recently, in January 2022, Diane Beth Glossman, a Director at LOB bought 7,500 shares for a total of $79,725.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Live Oak Bancshares, Inc. operates as a bank holding company for Live Oak Banking Company, which operates an established national online platform for small business lending. It is focused on lending to small businesses and professionals in the veterinary practices, healthcare services, independent pharmacies, death care management, investment advisors, family entertainment centers and poultry agriculture regions. The company was founded by James S. Mahan III in December 2008 and is headquartered in Wilmington, NC.

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