Lowering The 52 Week Low, Live Oak Bancshares Inc (Nasdaq:LOB) Close At $16.93

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Live Oak Bancshares Inc (Nasdaq:LOB)

December 6th, 2018
Live Oak Bancshares Inc closed Thursday up 0.71%, a $0.12 increase to close on $16.93. Despite ending the day higher, Live Oak Bancshares Inc hit a new 52 week low of $16.14, breaking the previous low of $16.34 from earlier this month.

LOB outperformed the rest of the Financials sector which went down 1.44% today.

Forecasts from 2 analysts points to the possibility that Live Oak Bancshares Inc might rise significantly (34%), while Finbox has calculated (with very high uncertainty) a fair value price of $24.98.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector falling 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Live Oak Bank is based in Wilmington, United States of America. Live Oak Bank was founded in 2007.

Live Oak Bancshares Inc Info

Live Oak Bancshares, Inc. operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, 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. The company was founded in 2008 and is headquartered in Wilmington, North Carolina.

All amounts in USD unless otherwise indicated
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