Luther Burbank - LBC Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LBC shares.
View LBC analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month price objectives for Luther Burbank's stock. Their LBC share price forecasts range from $15.00 to $15.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 59.2% from the stock's current price.
View analysts price targets for LBC or view top-rated stocks among Wall Street analysts.

Luther Burbank's stock was trading at $11.11 at the beginning of 2023. Since then, LBC stock has decreased by 15.2% and is now trading at $9.42.
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Luther Burbank saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 106,000 shares, an increase of 5.2% from the February 28th total of 100,800 shares. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.5% of the shares of the company are short sold.
View Luther Burbank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our LBC earnings forecast.

Luther Burbank Co. (NASDAQ:LBC) issued its earnings results on Tuesday, January, 24th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.09. The firm earned $40.25 million during the quarter. Luther Burbank had a trailing twelve-month return on equity of 11.89% and a net margin of 30.54%.

Luther Burbank announced a quarterly dividend on Tuesday, October 25th. Stockholders of record on Friday, November 4th will be given a dividend of $0.12 per share on Monday, November 14th. This represents a $0.48 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, November 3rd.
Read our dividend analysis for LBC.

ETFs with the largest weight of Luther Burbank (NASDAQ:LBC) stock in their portfolio include Royce Quant Small-Cap Quality Value ETF (SQLV).

5 employees have rated Luther Burbank Chief Executive Officer Simone Lagomarsino on Glassdoor.com. Simone Lagomarsino has an approval rating of 100% among the company's employees. This puts Simone Lagomarsino in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

(LBC) raised $131 million in an IPO 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 served as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.

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

Luther Burbank's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.70%), Maltese Capital Management LLC (0.51%), Renaissance Technologies LLC (0.50%), Boston Partners (0.44%), Bank of America Corp DE (0.19%) and Charles Schwab Investment Management Inc. (0.17%). Insiders that own company stock include Jack W Krouskup, John C Erickson, Liana Prieto, Parham Medhat, Simone Lagomarsino, Tammy Mahoney and Thomas C Wajnert.
View institutional ownership trends.

Shares of LBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LBC stock can currently be purchased for approximately $9.42.

Luther Burbank (NASDAQ:LBC) has a market capitalization of $480.61 million and generates $262.61 million in revenue each year. The company earns $80.20 million in net income (profit) each year or $1.57 on an earnings per share basis.

The company employs 286 workers across the globe.

Luther Burbank's mailing address is 520 Third Street Fourth Floor, Santa Rosa CA, 95401. The official website for the company is www.lutherburbanksavings.com. The company can be reached via phone at (844) 446-8201 or via email at investorrelations@lbsavings.com.