NASDAQ:LBCLuther Burbank Stock Price, Forecast & News

$10.28

-0.26 (-2.47 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$10.11

Now: $10.28▼

$10.53

50-Day Range

$8.50

MA: $9.70▼

$11.15

52-Week Range

$6.76

Now: $10.28▼

$11.99

Volume116,209 shs

Average Volume127,424 shs

Market Capitalization$544.33 million

P/E Ratio12.85

Dividend Yield2.24%

Beta1.02

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, high net worth individuals, 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 mortgage products, such as a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM machines, debit cards, and online and mobile banking services; engages in the real estate investment and equal housing lending activities; and issues trust preferred securities. As of January 28, 2019, it had operations in California, Oregon, and Washington through nine branches in California; 1 branch in Washington; and 9 lending offices located throughout the market area, including Santa Rosa, Los Angeles, San Francisco, San Jose, San Diego, and Seattle. The company was founded in 1983 and is headquartered in Santa Rosa, California.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
Luther Burbank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.50, Luther Burbank has a potential upside of 11.9% from its current price of $10.28.
Amount of Analyst Coverage
Luther Burbank has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Luther Burbank has received 121 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Luther Burbank has received 162 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Luther Burbank has received 57.24% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Luther Burbank and other stocks. Vote “Outperform” if you believe LBC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LBC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Luther Burbank is a leading dividend payer. It pays a dividend yield of 2.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Luther Burbank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Luther Burbank is 26.44 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 25.56 % next year. This indicates that Luther Burbank will be able to sustain or increase its dividend.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Luther Burbank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $50,880.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 21.12% of the stock of Luther Burbank is held by insiders.
Percentage Held by Institutions
Only 18.79% of the stock of Luther Burbank is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Luther Burbank are expected to grow by 28.57% in the coming year, from $0.70 to $0.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Luther Burbank is 12.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of Luther Burbank is 12.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.59.
Price to Book Value per Share Ratio
Luther Burbank has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.81 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:LBC

Previous Symbol

CUSIPN/A

CIK1475348

Webwww.lutherburbanksavings.com

Phone844-446-8201

Debt

Debt-to-Equity Ratio1.84

Current Ratio1.20

Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio12.85

Forward P/E Ratio14.69

P/E GrowthN/A

Sales & Book Value

Annual Sales$271.82 million

Price / Sales2.00

Cash Flow$1.21 per share

Price / Cash Flow8.52

Book Value$11.39 per share

Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$0.87

Net Income$48.86 million

Net Margins16.44%

Return on Equity7.34%

Return on Assets0.63%

Miscellaneous

Employees271

Outstanding Shares52,950,000

Market Cap$544.33 million

Next Earnings Date8/3/2020 (Estimated)

OptionableNot Optionable

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Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

How has Luther Burbank's stock been impacted by COVID-19 (Coronavirus)?

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 19.3% and is now trading at $10.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Luther Burbank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Luther Burbank.

When is Luther Burbank's next earnings date?

Luther Burbank is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Luther Burbank.

How were Luther Burbank's earnings last quarter?

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 the consensus estimate of $0.21 by $0.07. The company had revenue of $32.91 million for the quarter, compared to analyst estimates 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.

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

Luther Burbank declared a quarterly dividend on Monday, May 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.058 per share on Tuesday, May 26th. This represents a $0.23 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, May 13th. View Luther Burbank's dividend history.

What price target have analysts set for LBC?

3 Wall Street analysts have issued 1-year target prices for Luther Burbank's stock. Their forecasts range from $11.00 to $12.00. On average, they expect Luther Burbank's stock price to reach $11.50 in the next year. This suggests a possible upside of 11.9% from the stock's current price. View analysts' price targets for Luther Burbank.

Has Luther Burbank been receiving favorable news coverage?

News stories about LBC stock have been trending positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Luther Burbank earned a coverage optimism score of 2.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutLuther Burbank.

Are investors shorting Luther Burbank?

Luther Burbank saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 310,400 shares, an increase of 40.7% from the April 30th total of 220,600 shares. Based on an average daily volume of 141,500 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the shares of the company are short sold. View Luther Burbank's Current Options Chain.

Who are some of Luther Burbank's key competitors?

Some companies that are related to Luther Burbank include Investors Bancorp (ISBC), Cathay General Bancorp (CATY), First Interstate Bancsystem (FIBK), International Bancshares (IBOC), ServisFirst Bancshares (SFBS), South State (SSB), Columbia Banking System (COLB), Hilltop (HTH), Ameris Bancorp (ABCB), Independent Bank Group (IBTX), United Community Banks (UCBI), TowneBank (TOWN), Renasant (RNST), Texas Capital Bancshares (TCBI) and Banner (BANR). View all competitors.

What other stocks do shareholders of Luther Burbank own?

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).

Who are Luther Burbank's key executives?

Luther Burbank's management team includes the following people:

Ms. Simone F. Lagomarsino, CEO, Pres & Director (Age 58)
Ms. Laura Tarantino, Exec. VP & CFO (Age 54)
Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 40)
Mr. John G. Biggs, Advisor (Age 64)
Mr. Bradley S. Satenberg, Investor Relations (Age 48)

When did Luther Burbank IPO?

(LBC) raised $131 million in an 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.28%), State Street Corp (0.72%), JPMorgan Chase & Co. (0.45%), Geode Capital Management LLC (0.46%), Bank of New York Mellon Corp (0.35%) and Foundry Partners LLC (0.32%). 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.

Which institutional investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Morgan Stanley, Parametric Portfolio Associates LLC, Mackay Shields LLC, Russell Investments Group Ltd., UBS Group AG, and Private Advisors LLC. View insider buying and selling activity for Luther Burbank.

Which institutional investors are buying Luther Burbank stock?

LBC stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Geode Capital Management LLC, State Street Corp, Envestnet Asset Management Inc., Wells Fargo & Company MN, Citigroup Inc., Alliancebernstein L.P., and BlackRock Inc.. 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Luther Burbank's stock price today?

One share of LBC stock can currently be purchased for approximately $10.28.

How big of a company is Luther Burbank?

Luther Burbank has a market capitalization of $544.33 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.

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 6/1/2020 by MarketBeat.com Staff