NASDAQ:LBCLuther Burbank Stock Price, Forecast & News

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LBC shares have increased by 8.7% and is now trading at $9.37. View which stocks have been most impacted by Coronavirus.

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

Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Luther Burbank.

Luther Burbank will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Luther Burbank Corp (NASDAQ:LBC) posted its quarterly earnings results on Monday, May, 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.07. The firm 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.

Luther Burbank announced a quarterly dividend on Monday, May 4th. Investors of record on Thursday, May 14th will be paid 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 2.48%. The ex-dividend date is Wednesday, May 13th. View Luther Burbank's dividend history.

2 brokers have issued 12 month target prices for Luther Burbank's stock. Their forecasts range from $11.00 to $12.00. On average, they expect Luther Burbank's stock price to reach $11.50 in the next year. This suggests a possible upside of 22.7% from the stock's current price. View analysts' price targets for Luther Burbank.

Media headlines about LBC stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Luther Burbank earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave media stories 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 stock's share price in the immediate future. View the latest news about Luther Burbank.

Luther Burbank saw a decrease in short interest in June. As of June 30th, there was short interest totaling 243,400 shares, a decrease of 26.2% from the June 15th total of 329,900 shares. Based on an average trading volume of 130,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the shares of the company are sold short. View Luther Burbank's Current Options Chain.

Some companies that are related to Luther Burbank include Associated Banc (ASB), Cathay General Bancorp (CATY), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), Independent Bank Group (IBTX), ServisFirst Bancshares (SFBS), Hilltop (HTH), Ameris Bancorp (ABCB), South State (SSB), United Community Banks (UCBI), Texas Capital Bancshares (TCBI), Banner (BANR), TowneBank (TOWN), Renasant (RNST) and Lakeland Financial (LKFN). View all competitors.

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 and Resorts (HST), KeyCorp (KEY), People's United Financial (PBCT), Ring Energy (REI) and Ring Energy (REI).

(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 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 variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.17%). 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 purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. 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.

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 $9.37.

Luther Burbank has a market capitalization of $496.15 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.

The official website for Luther Burbank is 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]