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

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

Luther Burbank declared a quarterly dividend on Tuesday, January 28th. Shareholders of record on Friday, February 7th will be given a dividend of $0.058 per share on Tuesday, February 18th. This represents a $0.23 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, February 6th. View Luther Burbank's Dividend History.

Luther Burbank Corp (NASDAQ:LBC) posted its quarterly earnings data on Tuesday, January, 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by $0.02. The company had revenue of $33.98 million for the quarter, compared to the consensus estimate of $34.90 million. Luther Burbank had a return on equity of 8.18% and a net margin of 17.98%. View Luther Burbank's Earnings History.

Luther Burbank is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Luther Burbank.

2 analysts have issued twelve-month target prices for Luther Burbank's shares. Their forecasts range from $12.00 to $12.00. On average, they anticipate Luther Burbank's share price to reach $12.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Price Targets for Luther Burbank.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Luther Burbank.

Headlines about LBC stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Luther Burbank earned a news impact score of 1.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the next several days. View News Stories for Luther Burbank.

Luther Burbank saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 120,000 shares, an increase of 8.2% from the January 15th total of 110,900 shares. Based on an average trading volume of 27,900 shares, the days-to-cover ratio is currently 4.3 days. Currently, 0.3% of the shares of the company are short sold. View Luther Burbank's Current Options Chain.

Some companies that are related to Luther Burbank include Independent Bank Group (IBTX), United Community Banks (UCBI), ServisFirst Bancshares (SFBS), Hilltop (HTH), TowneBank (TOWN), First Bancorp (FBP), Banner (BANR), Heartland Financial USA (HTLF), Renasant (RNST), Pacific Premier Bancorp (PPBI), Great Western Bancorp (GWB), Eagle Bancorp (EGBN), Veritex (VBTX), Seacoast Banking Co. of Florida (SBCF) and First Busey (BUSE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Luther Burbank investors own include Huntington Bancshares (HBAN), Fiesta Restaurant Group (FRGI), People's United Financial (PBCT), Apple Hospitality REIT (APLE), Conduent (CNDT), Hewlett Packard Enterprise (HPE), Host Hotels and Resorts (HST), KeyCorp (KEY), Amicus Therapeutics (FOLD) and Frontier Communications (FTR).

(LBC) raised $131 million in an initial public offering on Friday, December 8th 2017. The company issued 11,400,000 shares at $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.

Luther Burbank's stock is owned by many different of retail and institutional investors. Top institutional investors include Hotchkis & Wiley Capital Management LLC (1.80%), State Street Corp (0.67%), Boston Partners (0.63%), Renaissance Technologies LLC (0.47%), Bank of New York Mellon Corp (0.36%) and Acadian Asset Management LLC (0.21%). 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.

LBC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Bowling Portfolio Management LLC, Mackay Shields LLC, Bank of New York Mellon Corp, Oxford Asset Management LLP, Panagora Asset Management Inc., Sei Investments Co. and Bank of America Corp DE. Company insiders that have sold Luther Burbank company stock in the last year include Liana Prieto and Tammy Mahoney. View Insider Buying and Selling for Luther Burbank.

LBC stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, State Street Corp, Hotchkis & Wiley Capital Management LLC, California Public Employees Retirement System, Goldman Sachs Group Inc., Denali Advisors LLC, Delta Investment Management LLC and UBS Group AG. 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.

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.

One share of LBC stock can currently be purchased for approximately $10.86.

Luther Burbank has a market capitalization of $608.49 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.View Additional Information About Luther Burbank.

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

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]