Truist analyst Brandon King lowered the firm’s price target on Live Oak Bancshares (LOB) to $46 from $57 and keeps a Buy rating on the shares. Truist forecasts net interest margin compression over the next two quarters followed by expansion as deposit betas will likely lag and not fully offset lower asset yields until 2Q25, the analyst tells investors in a research note. The firm thinks the shares are attractive given growth runway and an improving return profile.
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