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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Luther Burbank's stock was trading at $14.04 on January 1st, 2022. Since then, LBC shares have decreased by 6.8% and is now trading at $13.08.
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Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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Luther Burbank Co. (NASDAQ:LBC) announced its quarterly earnings results on Tuesday, April, 26th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $45.09 million for the quarter, compared to analysts' expectations of $45.30 million. Luther Burbank had a net margin of 40.22% and a trailing twelve-month return on equity of 14.11%. During the same quarter in the prior year, the company posted $0.35 earnings per share.
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Luther Burbank announced a quarterly dividend on Tuesday, April 26th. Investors of record on Friday, May 6th will be paid a dividend of $0.12 per share on Monday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, May 5th.
View Luther Burbank's dividend history.

Luther Burbank(NASDAQ:LBC) pays an annual dividend of $0.48 per share and currently has a dividend yield of 3.68%. 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.

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 First BanCorp. (FBP), Cadence Bank (CADE), Atlantic Union Bankshares (AUB), International Bancshares (IBOC), Columbia Banking System (COLB), Hilltop (HTH), Seacoast Banking Co. of Florida (SBCF), TowneBank (TOWN), Banner (BANR), Banner (BANR), FB Financial (FBK), Heartland Financial USA (HTLF), Stock Yards Bancorp (SYBT), Lakeland Financial (LKFN) and Silvergate Capital (SI).
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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 & Resorts (HST), KeyCorp (KEY), People's United Financial (PBCT), AmerisourceBergen (ABC) and Caterpillar (CAT).

(LBC) raised $131 million in an 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."

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 $13.08.

Luther Burbank (NASDAQ:LBC) has a market capitalization of $675.57 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.

Luther Burbank employs 286 workers across the globe.

Luther Burbank's mailing address is 520 Third Street Fourth Floor, Santa Rosa CA, 95401. The official website for Luther Burbank is www.lutherburbanksavings.com. The company can be reached via phone at (844) 446-8201 or via email at investorrelations@lbsavings.com.