Live Oak Bancshares rises after KBW upgrades to 'outperform'

Live Oak Bancshares

19/08/2025 17:53

** Regional lender Live Oak Bancshares' LOB.N shares rise 4.2% to $35.73

** KBW upgrades LOB to "outperform" from "market perform"; raises PT to $43 from $37, a 25.4% upside to stock's last close

** Brokerage says it expects several positive catalysts to drive shares higher over the rest of 2025

** Says credit performance is set to turn around in H2 2025, which should ease investor fears

** LOB shares have been punished since Q3 2024 due to investor concerns around credit performance

** One of three brokerages rates the stock "strong buy" and two "hold"; median PT $38 - data compiled by LSEG

** As of last close, LOB shares down 13.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))