Live Oak Bancshares, Inc. Reports First Quarter 2023 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/28/2026
- S&P, Nasdaq end lower after Fed Chair Warsh reaffirms inflation fight
- Fed chair Warsh kicks off Jackson Hole keynote address
- PayPal tumbles as Advent, Stripe said to drop $50 bln pursuit
- Oil settles lower on clues about Fed policy, rumors of Hormuz deal
- Dollar jumps after Warsh comments, set for weekly gain
- First Financial to acquire Hickory Point Bank in $111.3M deal
- Affirm Holdings (AFRM) Tops Q4 EPS by $3.77, Beats on Revenue
- Nasdaq, S&P 500 lifted by Nvidia's forecast; investors eye speech by Fed's Warsh
- BioNTech ends colorectal cancer mRNA therapy trial early
- Ovintiv adds 41,000 acres in Permian and Montney deals
JPMorgan Upgrades Live Oak Bancshares (LOB) to Neutral, 'With NIM Pressure Mounting at a Much Faster than Expected Pace, Trough Is in Sight
April 28, 2023 5:30 AM EDTJPMorgan analyst Steven Alexopoulos upgraded Live Oak Bancshares (NASDAQ: LOB) from Underweight to Neutral with a price target of $26.50 (from $25.00).
The analyst comments "We downgraded LOB shares in December 2022 as we saw Live Oak as among the more vulnerable across our coverage universe to seeing negative EPS revisions from both a NIM and credit point of view. To this end, with the companys NIM declining 30 bps in 1Q23 and then guided to decline by another 20-25 bps in 2Q23 (as a result of boosting rates paid on deposits much further... More
