Market News / Story
Why Live Oak Bancshares (LOB) Stock Is Nosediving
Stock Story ·
Stock Story reports: What Happened? Shares of digital small business lender Live Oak Bancshares fell 6.9% in the afternoon session after Piper Sandler lowered its price target on the stock to $38 from $46 and reduced its earnings per share estimates heading into third-quarter results. According to StreetInsider, analyst Crispin Love kept a Neutral rating and cut his estimates ahead of the quarter. He lowered his 2026 earnings forecast to $2.80 a share from $3.01, his 2027 forecast to $3.80…