Live Oak Bancshares found using ticker (LOB) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 80 and 65 with the average target price sitting at 72.6. Given that the stocks previous close was at 50.13 this now indicates there is a potential upside of 44.8%. There is a 50 day moving average of 56.16 and the 200 moving average now moves to 67.74. The company has a market capitalisation of $2,211m. Company Website: https://www.liveoakbank.com
The potential market cap would be $3,203m based on the market concensus.
Live Oak Bancshares operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
