Luther Burbank 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 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Luther Burbank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LBC, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Luther Burbank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Luther Burbank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Luther Burbank saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 209,000 shares, an increase of 38.9% from the April 29th total of 150,500 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 4.4 days. Approximately 0.7% of the shares of the company are short sold.
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Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Luther Burbank.

Luther Burbank Co. (NASDAQ:LBC) issued its earnings results on Monday, April, 26th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The business earned $39.03 million during the quarter, compared to analysts' expectations of $38 million. Luther Burbank had a trailing twelve-month return on equity of 9.51% and a net margin of 21.58%.
View Luther Burbank's earnings history.

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LBC shares have increased by 34.5% and is now trading at $11.59.
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Luther Burbank announced a quarterly dividend on Tuesday, April 27th. Shareholders of record on Friday, May 7th will be given a dividend of $0.058 per share on Monday, May 17th. This represents a $0.23 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, May 6th.
View Luther Burbank's dividend history.

Luther Burbank pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.91%. Luther Burbank does not yet have a strong track record of dividend growth. The dividend payout ratio of Luther Burbank is 25.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 14.65% next year. This indicates that Luther Burbank will be able to sustain or increase its dividend.
View Luther Burbank's dividend history.

1 brokerages have issued 12 month price targets for Luther Burbank's stock. Their forecasts range from $9.50 to $9.50. On average, they expect Luther Burbank's share price to reach $9.50 in the next twelve months. This suggests that the stock has a possible downside of 18.0%.
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5 employees have rated Luther Burbank CEO Simone Lagomarsino on Glassdoor.com. Simone Lagomarsino has an approval rating of 100% among Luther Burbank's employees. This puts Simone Lagomarsino in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Luther Burbank include Silvergate Capital (SI), Renasant (RNST), TowneBank (TOWN), Heartland Financial USA (HTLF), Banner (BANR), Seacoast Banking Co. of Florida (SBCF), Triumph Bancorp (TBK), Great Western Bancorp (GWB), FB Financial (FBK), Veritex (VBTX), Eagle Bancorp (EGBN), Lakeland Financial (LKFN), Enterprise Financial Services (EFSC), First Busey (BUSE) and TriCo Bancshares (TCBK).
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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), (CNDT), Fiesta Restaurant Group (FRGI), Hewlett Packard Enterprise (HPE), (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 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 shareholders include BlackRock Inc. (2.90%), Dimensional Fund Advisors LP (1.07%), Renaissance Technologies LLC (0.66%), Northern Trust Corp (0.55%), Geode Capital Management LLC (0.53%) and JPMorgan Chase & Co. (0.53%). Company insiders that own Luther Burbank stock include Jack W Krouskup, John C Erickson, Liana Prieto, Simone Lagomarsino, Tammy Mahoney and Thomas C Wajnert.
View institutional ownership trends for Luther Burbank.

LBC stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, JPMorgan Chase & Co., Wedge Capital Management L L P NC, Morgan Stanley, Nuveen Asset Management LLC, Foundry Partners LLC, Credit Suisse AG, and Alliancebernstein L.P.. Company insiders that have sold Luther Burbank company stock in the last year include Jack W Krouskup, Liana Prieto, and Tammy Mahoney.
View insider buying and selling activity for Luther Burbank or view top insider-selling stocks.

LBC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Zebra Capital Management LLC, Dimensional Fund Advisors LP, HRT Financial LP, Strs Ohio, and D. E. Shaw & Co. Inc.. Company insiders that have bought Luther Burbank stock in the last two years include John C Erickson, Simone Lagomarsino, and Thomas C Wajnert.
View insider buying and selling activity for Luther Burbank or or view top insider-buying stocks.

Shares of LBC 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 $11.59.

Luther Burbank has a market capitalization of $605.16 million and generates $243.91 million in revenue each year. The company earns $39.91 million in net income (profit) each year or $0.89 on an earnings per share basis.

Luther Burbank employs 280 workers across the globe.

The official website for Luther Burbank is www.lutherburbanksavings.com.

Luther Burbank is headquartered at 520 Third Street Fourth Floor, Santa Rosa CA, 95401.

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]