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NASDAQ:LBCLuther Burbank Stock Price, Forecast & News

$11.01
+0.61 (+5.87 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$10.80
Now: $11.01
$11.18
50-Day Range
$8.50
MA: $9.73
$11.15
52-Week Range
$6.76
Now: $11.01
$11.99
Volume96,793 shs
Average Volume114,759 shs
Market Capitalization$582.98 million
P/E Ratio13.76
Dividend Yield2.21%
Beta0.98
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


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$271.82 million
Cash Flow$1.28 per share
Book Value$10.97 per share

Profitability

Net Income$48.86 million

Miscellaneous

Employees271
Market Cap$582.98 million
Next Earnings Date8/3/2020 (Estimated)
OptionableNot Optionable

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Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

How has Luther Burbank's stock been impacted by COVID-19 (Coronavirus)?

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LBC shares have increased by 27.7% and is now trading at $11.01. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Luther Burbank?

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

When is Luther Burbank's next earnings date?

Luther Burbank is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Luther Burbank.

How were Luther Burbank's earnings last quarter?

Luther Burbank Corp (NASDAQ:LBC) issued its quarterly earnings data on Monday, May, 4th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.07. The company had revenue of $32.91 million for the quarter, compared to analyst estimates of $34.35 million. Luther Burbank had a return on equity of 7.34% and a net margin of 16.44%. View Luther Burbank's earnings history.

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

Luther Burbank announced a quarterly dividend on Monday, May 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.058 per share on Tuesday, May 26th. This represents a $0.23 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, May 13th. View Luther Burbank's dividend history.

What price target have analysts set for LBC?

3 brokerages have issued 12-month price targets for Luther Burbank's shares. Their forecasts range from $11.00 to $12.00. On average, they anticipate Luther Burbank's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View analysts' price targets for Luther Burbank.

Has Luther Burbank been receiving favorable news coverage?

News coverage about LBC stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Luther Burbank earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutLuther Burbank.

Are investors shorting Luther Burbank?

Luther Burbank saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 310,400 shares, an increase of 40.7% from the April 30th total of 220,600 shares. Based on an average trading volume of 141,500 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.0% of the shares of the company are short sold. View Luther Burbank's Current Options Chain.

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 following 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.

What is Luther Burbank's stock symbol?

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

Who are Luther Burbank's major shareholders?

Luther Burbank's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.28%), State Street Corp (0.72%), JPMorgan Chase & Co. (0.45%), Geode Capital Management LLC (0.46%), Bank of New York Mellon Corp (0.35%) and Foundry Partners LLC (0.32%). 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 major investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Morgan Stanley, Parametric Portfolio Associates LLC, Mackay Shields LLC, Russell Investments Group Ltd., UBS Group AG, and Private Advisors LLC. View insider buying and selling activity for Luther Burbank.

Which major investors are buying Luther Burbank stock?

LBC stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Geode Capital Management LLC, State Street Corp, Envestnet Asset Management Inc., Wells Fargo & Company MN, Citigroup Inc., Alliancebernstein L.P., and BlackRock Inc.. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Luther Burbank's stock price today?

One share of LBC stock can currently be purchased for approximately $11.01.

How big of a company is Luther Burbank?

Luther Burbank has a market capitalization of $582.98 million and generates $271.82 million in revenue each year. The company earns $48.86 million in net income (profit) each year or $0.87 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 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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