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 stock has increased by 22.7% and is now trading at $10.58.
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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 data on Tuesday, July, 28th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business earned $33.82 million during the quarter, compared to analysts' expectations of $33.65 million. Luther Burbank had a return on equity of 6.93% and a net margin of 15.93%.
View Luther Burbank's earnings history.

Luther Burbank declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.058 per share on Monday, August 17th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, August 6th.
View Luther Burbank's dividend history.

2 brokerages have issued 12-month target prices for Luther Burbank's stock. Their forecasts range from $11.00 to $12.00. On average, they anticipate Luther Burbank's stock price to reach $11.50 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts' price targets for Luther Burbank.

Media coverage about LBC stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Luther Burbank earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Luther Burbank.

Luther Burbank saw a decline in short interest during the month of February. As of February 15th, there was short interest totaling 94,700 shares, a decline of 13.6% from the January 31st total of 109,600 shares. Based on an average daily volume of 30,100 shares, the short-interest ratio is currently 3.1 days. Currently, 0.2% of the company's shares are sold short.
View Luther Burbank's Short Interest.

Some companies that are related to Luther Burbank include Cathay General Bancorp (CATY), Associated Banc (ASB), International Bancshares (IBOC), Independent Bank Group (IBTX), ServisFirst Bancshares (SFBS), Investors Bancorp (ISBC), South State (SSB), First Interstate Bancsystem (FIBK), Hilltop (HTH), Ameris Bancorp (ABCB), Texas Capital Bancshares (TCBI), United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN) and Pacific Premier Bancorp (PPBI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Luther Burbank investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Huntington Bancshares (HBAN), Apple Hospitality REIT (APLE), Conduent (CNDT), Fiesta Restaurant Group (FRGI), Hewlett Packard Enterprise (HPE), Host Hotels and Resorts (HST), KeyCorp (KEY) and People's United Financial (PBCT).

(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 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 investors include Foundry Partners LLC (0.36%), Wedge Capital Management L L P NC (0.17%), Strs Ohio (0.09%), First Trust Advisors LP (0.09%), Mackay Shields LLC (0.06%) and Denali Advisors LLC (0.03%). Company insiders that own Luther Burbank stock include Anita G Newcomb, 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, UBS Group AG, and Denali Advisors LLC. 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 bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, First Trust Advisors LP, SG Americas Securities LLC, Foundry Partners LLC, and Strs Ohio. Company insiders that have bought Luther Burbank stock in the last two years include Anita G Newcomb, John C Erickson, Scott Frazee, Simone Lagomarsino, Tammy Mahoney, 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 $10.58.

Luther Burbank has a market capitalization of $560.21 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]