JPMorgan thinks it's time to buy shares of North Carolina-based regional bank Live Oak Bancshares . Analyst Steven Alexopoulos upgraded the stock to overweight from neutral and maintained his price target of $40. Shares of Live Oak Bancshares are down more than 15% over the past month. "The recent sell-off provides us with the entry point that we were waiting for," Alexopoulos said in a Thursday note. "With Live Oak now on a mission to cross-sell operating deposit accounts to its small business customers, we see a significant opportunity to improve its growth as well as return profiles," the analyst said.

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Persons: Steven Alexopoulos, Alexopoulos, BJ Losch, — CNBC's Michael Bloom Organizations: JPMorgan, Federal Reserve Locations: North Carolina