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NASDAQ:LBC

Luther Burbank (LBC) Stock Forecast, Price & News

$12.91
-0.02 (-0.15%)
(As of 05/20/2022 04:00 PM ET)
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Compare
Today's Range
$12.74
$13.07
50-Day Range
$12.89
$13.80
52-Week Range
$11.52
$15.37
Volume
41,720 shs
Average Volume
48,059 shs
Market Capitalization
$666.79 million
P/E Ratio
7.21
Dividend Yield
3.71%
Beta
0.73
30 days | 90 days | 365 days | Advanced Chart
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Luther Burbank logo

About Luther Burbank

Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor-owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. As of December 31, 2021, it operated ten full service branches in California located in Sonoma, Marin, Santa Clara, and Los Angeles Counties; one full service branch in Washington located in King County; six loan production offices located throughout California; and a loan production office in Clackamas County, Oregon. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:LBC
Fax
N/A
Employees
286
Year Founded
N/A

Sales & Book Value

Annual Sales
$229.80 million
Cash Flow
$2.15 per share
Book Value
$12.93 per share

Profitability

Net Income
$87.75 million
Pretax Margin
56.63%

Debt

Price-To-Earnings

Miscellaneous

Free Float
39,677,000
Market Cap
$666.79 million
Optionable
Not Optionable

Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 5/16 Dividend
5/05/2022
Dividend Payable
5/16/2022
Today
5/20/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.16 out of 5 stars

Finance Sector

645th out of 1,356 stocks

State Commercial Banks Industry

142nd out of 237 stocks

Analyst Opinion: 0.0Community Rank: 3.7Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

Is Luther Burbank a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
View analyst ratings for Luther Burbank
or view top-rated stocks.

Are investors shorting Luther Burbank?

Luther Burbank saw a increase in short interest in April. As of April 30th, there was short interest totaling 202,100 shares, an increase of 20.8% from the April 15th total of 167,300 shares. Based on an average trading volume of 56,800 shares, the short-interest ratio is currently 3.6 days. Approximately 1.4% of the company's stock are short sold.
View Luther Burbank's Short Interest
.

When is Luther Burbank's next earnings date?

Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Luther Burbank
.

How were Luther Burbank's earnings last quarter?

Luther Burbank Co. (NASDAQ:LBC) issued its quarterly earnings results on Tuesday, April, 26th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. Luther Burbank had a net margin of 40.22% and a trailing twelve-month return on equity of 14.04%. During the same quarter in the previous year, the firm earned $0.35 EPS.
View Luther Burbank's earnings history
.

How often does Luther Burbank pay dividends? What is the dividend yield for Luther Burbank?

Luther Burbank announced a quarterly dividend on Tuesday, April 26th. Shareholders of record on Friday, May 6th will be given a dividend of $0.12 per share on Monday, May 16th. This represents a $0.48 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, May 5th.
View Luther Burbank's dividend history
.

Is Luther Burbank a good dividend stock?

Luther Burbank pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.71%. Luther Burbank does not yet have a strong track record of dividend growth. The dividend payout ratio of Luther Burbank is 26.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 32.88% next year. This indicates that Luther Burbank will be able to sustain or increase its dividend.
View Luther Burbank's dividend history.

Who are Luther Burbank's key executives?
Luther Burbank's management team includes the following people:
  • Ms. Simone F. Lagomarsino, CEO, Pres & Director (Age 61, Pay $1.39M)
  • Ms. Laura Tarantino, Exec. VP & CFO (Age 57, Pay $725.65k)
  • Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel, Corp. Sec. & Chief Ethics Officer (Age 43, Pay $750.07k)
  • Mr. Parham Medhat, Exec. VP and Chief Operations & Technology Officer (Age 48)
  • Mr. Bradley S. Satenberg, Investor Relations (Age 51)
  • Ms. Tammy Mahoney, Exec. VP & Chief Risk Officer (Age 55) (LinkedIn Profile)
  • Mr. William D. Fanter, Exec. VP & Head of Retail Banking (Age 51)
  • Mr. James Michael Stedman, Exec. VP & Chief Credit Officer (Age 56)
  • Mr. Alexander L. Stefani, Exec. VP & Chief Credit Officer (Age 42)
  • Ms. Lisa Kepler, Sr. VP & Director of Single Family Residential Lending (Age 62)
What is Simone Lagomarsino's approval rating as Luther Burbank's CEO?

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.

What other stocks do shareholders of Luther Burbank own?
When did Luther Burbank IPO?

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

What is Luther Burbank's stock symbol?

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

Who are Luther Burbank's major shareholders?

Luther Burbank's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.34%), State Street Corp (0.62%), Renaissance Technologies LLC (0.61%), Boston Partners (0.48%), JPMorgan Chase & Co. (0.44%) and Northern Trust Corp (0.42%). Company insiders that own Luther Burbank stock include Jack W Krouskup, Liana Prieto, Parham Medhat, Simone Lagomarsino, Tammy Mahoney and Thomas C Wajnert.
View institutional ownership trends for Luther Burbank
.

Which major investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, JPMorgan Chase & Co., Acadian Asset Management LLC, Zebra Capital Management LLC, Northern Trust Corp, Renaissance Technologies LLC, UBS Group AG, and Foundry Partners LLC. Company insiders that have sold Luther Burbank company stock in the last year include Parham Medhat, and Tammy Mahoney.
View insider buying and selling activity for Luther Burbank
or view top insider-selling stocks.

Which major investors are buying Luther Burbank stock?

LBC stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, LSV Asset Management, Seizert Capital Partners LLC, American Century Companies Inc., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., and Sei Investments Co.. Company insiders that have bought Luther Burbank stock in the last two years include Simone Lagomarsino, and Thomas C Wajnert.
View insider buying and selling activity for Luther Burbank
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Luther Burbank's stock price today?

One share of LBC stock can currently be purchased for approximately $12.91.

How much money does Luther Burbank make?

Luther Burbank has a market capitalization of $666.79 million and generates $229.80 million in revenue each year. The company earns $87.75 million in net income (profit) each year or $1.789990 on an earnings per share basis.

How many employees does Luther Burbank have?

Luther Burbank employs 286 workers across the globe.

What is Luther Burbank's official website?

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

How can I contact Luther Burbank?

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].

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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