NASDAQ:LBC - Luther Burbank Stock Price, News, & Analysis

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$10.25 +0.11 (+1.08 %)
(As of 05/20/2019 02:24 PM ET)
Previous Close$10.14
Today's Range$10.24 - $10.35
52-Week Range$7.92 - $13.06
Volume1,078 shs
Average Volume75,770 shs
Market Capitalization$577.28 million
P/E Ratio12.96
Dividend Yield2.27%
Beta1.15
Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, high net worth individuals, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and mortgage products, such as a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM machines, debit cards, and online and mobile banking services; engages in the real estate investment and equal housing lending activities; and issues trust preferred securities. As of January 28, 2019, it had operations in California, Oregon, and Washington through nine branches in California; 1 branch in Washington; and 9 lending offices located throughout the market area, including Santa Rosa, Los Angeles, San Francisco, San Jose, San Diego, and Seattle. The company was founded in 1983 and is headquartered in Santa Rosa, California.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:LBC
CUSIPN/A
Phone844-446-8201

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$230.19 million
Cash Flow$1.0722 per share
Book Value$10.45 per share

Profitability

Net Income$45.06 million

Miscellaneous

Employees271
Market Cap$577.28 million
Next Earnings Date7/25/2019 (Estimated)
OptionableNot Optionable

Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

What is Luther Burbank's stock symbol?

Luther Burbank trades on the NASDAQ under the ticker symbol "LBC."

How often does Luther Burbank pay dividends? What is the dividend yield for Luther Burbank?

Luther Burbank declared a quarterly dividend on Tuesday, April 30th. Investors of record on Thursday, May 9th will be given a dividend of $0.0575 per share on Monday, May 20th. This represents a $0.23 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, May 8th. View Luther Burbank's Dividend History.

How were Luther Burbank's earnings last quarter?

Luther Burbank Corp (NASDAQ:LBC) issued its quarterly earnings results on Monday, April, 29th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.01. The company had revenue of $33.47 million for the quarter, compared to the consensus estimate of $32.55 million. Luther Burbank had a return on equity of 7.98% and a net margin of 18.64%. View Luther Burbank's Earnings History.

When is Luther Burbank's next earnings date?

Luther Burbank is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Luther Burbank.

What price target have analysts set for LBC?

3 brokers have issued 1 year price targets for Luther Burbank's shares. Their forecasts range from $11.50 to $12.00. On average, they expect Luther Burbank's stock price to reach $11.8333 in the next year. This suggests a possible upside of 15.4% from the stock's current price. View Analyst Price Targets for Luther Burbank.

What is the consensus analysts' recommendation for Luther Burbank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Luther Burbank.

Has Luther Burbank been receiving favorable news coverage?

News stories about LBC stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Luther Burbank earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of Luther Burbank's key competitors?

What other stocks do shareholders of Luther Burbank own?

Who are Luther Burbank's key executives?

Luther Burbank's management team includes the folowing people:
  • Ms. Simone F. Lagomarsino, CEO, Pres & Director (Age 58)
  • Ms. Laura Tarantino, Exec. VP & CFO (Age 54)
  • Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 40)
  • Mr. John G. Biggs, Advisor (Age 64)
  • Mr. Bradley S. Satenberg, Investor Relations (Age 48)

When did Luther Burbank IPO?

(LBC) raised $131 million in an initial public offering (IPO) on Friday, December 8th 2017. The company issued 11,400,000 shares at a price of $10.50-$12.50 per share. Keefe, Bruyette & Woods (A Stifel Company), Sandler O'Neill + Partners and Piper Jaffray acted as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.

Who are Luther Burbank's major shareholders?

Luther Burbank's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.17%), Hotchkis & Wiley Capital Management LLC (1.78%), Hotchkis & Wiley Capital Management LLC (1.79%), RMB Capital Management LLC (1.15%), Boston Partners (0.67%) and Northern Trust Corp (0.39%). Company insiders that own Luther Burbank stock include Anita G Newcomb, John A Cardamone, John C Erickson, Liana Prieto, Scott Frazee, Simone Lagomarsino, Tammy Mahoney and Victor Trione. View Institutional Ownership Trends for Luther Burbank.

Which institutional investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, RMB Capital Management LLC, Oxford Asset Management LLP, First Trust Advisors LP, Parametric Portfolio Associates LLC and Northern Trust Corp. View Insider Buying and Selling for Luther Burbank.

Which institutional investors are buying Luther Burbank stock?

LBC stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Kennedy Capital Management Inc., Clover Partners L.P., Mendon Capital Advisors Corp, Dimensional Fund Advisors LP, Acadian Asset Management LLC and State of Wisconsin Investment Board. Company insiders that have bought Luther Burbank stock in the last two years include Anita G Newcomb, John A Cardamone, John C Erickson, Scott Frazee, Simone Lagomarsino, Tammy Mahoney and Victor Trione. View Insider Buying and Selling for Luther Burbank.

How do I buy shares of Luther Burbank?

Shares of LBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Luther Burbank's stock price today?

One share of LBC stock can currently be purchased for approximately $10.25.

How big of a company is Luther Burbank?

Luther Burbank has a market capitalization of $577.28 million and generates $230.19 million in revenue each year. The company earns $45.06 million in net income (profit) each year or $0.79 on an earnings per share basis. Luther Burbank employs 271 workers across the globe.

What is Luther Burbank's official website?

The official website for Luther Burbank is http://www.lutherburbanksavings.com.

How can I contact Luther Burbank?

Luther Burbank's mailing address is 520 Third Street Fourth Floor, Santa Rosa CA, 95401. The company can be reached via phone at 844-446-8201 or via email at [email protected]


MarketBeat Community Rating for Luther Burbank (NASDAQ LBC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  77 (Vote Outperform)
Underperform Votes:  107 (Vote Underperform)
Total Votes:  184
MarketBeat's community ratings are surveys of what our community members think about Luther Burbank and other stocks. Vote "Outperform" if you believe LBC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LBC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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