Luther Burbank Stock Forecast, Price & News

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 stock has increased by 5.0% and is now trading at $9.05.
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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."
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Luther Burbank is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Luther Burbank.

Luther Burbank Corp (NASDAQ:LBC) issued its quarterly earnings results on Tuesday, July, 28th. The company reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.01. The company had revenue of $33.82 million for the quarter, compared to analyst estimates of $33.65 million. Luther Burbank had a return on equity of 6.96% and a net margin of 15.93%.
View Luther Burbank's earnings history.

Luther Burbank announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be given a dividend of $0.058 per share on Monday, August 17th. This represents a $0.23 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, August 6th.
View Luther Burbank's dividend history.

2 brokerages have issued twelve-month price objectives 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 27.1% from the stock's current price.
View analysts' price targets for Luther Burbank.

Luther Burbank saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 213,300 shares, a decrease of 14.0% from the August 15th total of 248,000 shares. Based on an average trading volume of 54,800 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.7% of the company's shares are short sold.
View Luther Burbank's Short Interest.

Some companies that are related to Luther Burbank include ServisFirst Bancshares (SFBS), Cathay General Bancorp (CATY), International Bancshares (IBOC), Columbia Banking System (COLB), Independent Bank (INDB), Atlantic Union Bankshares (AUB), Hilltop (HTH), Ameris Bancorp (ABCB), Texas Capital Bancshares (TCBI), United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN), First Bancorp (FBP), Heartland Financial USA (HTLF) and Banner (BANR).
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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), AmerisourceBergen (ABC) and Caterpillar (CAT).

(LBC) raised $131 million in an initial public offering (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 acted 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 retail and institutional investors. Top institutional shareholders include Bridgeway Capital Management Inc. (0.63%), Foundry Partners LLC (0.36%), Bank of New York Mellon Corp (0.35%), Bank of America Corp DE (0.18%), ClariVest Asset Management LLC (0.17%) and Wedge Capital Management L L P NC (0.17%). Company insiders that own Luther Burbank stock include Jack W Krouskup, John C Erickson, Liana Prieto, Scott Frazee, Simone Lagomarsino, Tammy Mahoney, Thomas C Wajnert 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 Mackay Shields LLC, ClariVest Asset Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Bridgeway Capital Management Inc., UBS Group AG, Denali Advisors LLC, and Patriot Financial Partners GP LP. Company insiders that have sold Luther Burbank company stock in the last year include Jack W Krouskup, and Tammy Mahoney.
View insider buying and selling activity 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, California Public Employees Retirement System, First Trust Advisors LP, SG Americas Securities LLC, Bank of America Corp DE, Foundry Partners LLC, Sei Investments Co., and Strs Ohio. Company insiders that have bought Luther Burbank stock in the last two years include John C Erickson, Scott Frazee, Simone Lagomarsino, Thomas C Wajnert, 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 $9.05.

Luther Burbank has a market capitalization of $474.17 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]