Live Oak Bancshares Inc (NYSE: LOB) stock suffered a major decline of -14.0% on 4/25/24. The shares closed at $34.28. Moreover, this decline was accompanied by exceptionally high trading volume at 507% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.5% during the last week.
Current PriceTarget Research Rating
LOB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a Value Builder.
Live Oak Bancshares has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Live Oak Bancshares has a slightly positive Appreciation Score of 62 and a good Power Rating of 81, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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