NASDAQ:LBCLuther Burbank Stock Price, Forecast & News

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LBC stock has increased by 2.7% and is now trading at $8.85. 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 Monday, August 3rd 2020. View our earnings forecast for Luther Burbank.

Luther Burbank Corp (NASDAQ:LBC) posted its quarterly earnings data on Monday, May, 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.07. The firm earned $32.91 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend on Monday, May 4th. Shareholders 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 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, May 13th. View Luther Burbank's dividend history.

2 brokers have issued twelve-month price objectives for Luther Burbank's shares. Their forecasts range from $11.00 to $12.00. On average, they expect Luther Burbank's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price. View analysts' price targets for Luther Burbank.

Media coverage about LBC stock has trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Luther Burbank earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Luther Burbank.

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

Some companies that are related to Luther Burbank include Columbia Banking System (COLB), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), ServisFirst Bancshares (SFBS), Independent Bank Group (IBTX), Hilltop (HTH), South State (SSB), Ameris Bancorp (ABCB), Texas Capital Bancshares (TCBI), United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI) and First Bancorp (FBP). 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 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 number 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 bought 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 $8.85.

Luther Burbank has a market capitalization of $468.62 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]