Raymond James Believes Live Oak Bancshares (LOB) Won’t Stop Here


Raymond James analyst Ammar Samma maintained a Buy rating on Live Oak Bancshares (LOB) yesterday. The company’s shares closed last Wednesday at $31.75, close to its 52-week high of $33.71.

According to TipRanks.com, Samma is a 2-star analyst with an average return of 6.6% and a 100.0% success rate. Samma covers the Financial sector, focusing on stocks such as 1St Constitution Bancorp [Nj], The First Of Long Island, and First Community.

Currently, the analyst consensus on Live Oak Bancshares is a Moderate Buy with an average price target of $26.00.

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The company has a one-year high of $33.71 and a one-year low of $7.57. Currently, Live Oak Bancshares has an average volume of 232.1K.

Based on the recent corporate insider activity of 20 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.

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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