JP Morgan downgraded its rating of Live Oak Bancshares LOB to Underweight with a price target of $30.00, changing its price target from $34.00 to $30.00.
Shares of Live Oak Bancshares are trading down 1.66% over the last 24 hours, at $32.05 per share.
A move to $30.00 would account for a 6.4% decline from the current share price.
About Live Oak Bancshares
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.
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