Luther Burbank Corp (NASDAQ:LBC) – Equities research analysts at DA Davidson issued their Q1 2020 earnings per share estimates for shares of Luther Burbank in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.23 for the quarter. DA Davidson also issued estimates for Luther Burbank’s FY2021 earnings at $1.12 EPS.
Luther Burbank (NASDAQ:LBC) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Luther Burbank had a net margin of 17.98% and a return on equity of 8.18%. The business had revenue of $33.98 million for the quarter, compared to analysts’ expectations of $34.90 million.
Several other analysts have also commented on LBC. Zacks Investment Research lowered Luther Burbank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 1st. ValuEngine upgraded Luther Burbank from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 20th.
Shares of LBC opened at $10.85 on Monday. Luther Burbank has a 12 month low of $9.62 and a 12 month high of $11.99. The stock has a fifty day moving average price of $11.47 and a 200-day moving average price of $11.21. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.87. The firm has a market cap of $577.72 million, a PE ratio of 12.47 and a beta of 1.16.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be paid a $0.058 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.23 dividend on an annualized basis and a yield of 2.14%. Luther Burbank’s dividend payout ratio (DPR) is 26.44%.
A number of hedge funds have recently modified their holdings of the stock. Virginia Retirement Systems ET AL raised its stake in Luther Burbank by 11.8% in the 4th quarter. Virginia Retirement Systems ET AL now owns 12,300 shares of the company’s stock worth $142,000 after acquiring an additional 1,300 shares during the last quarter. Rhumbline Advisers raised its stake in Luther Burbank by 9.3% in the 3rd quarter. Rhumbline Advisers now owns 30,175 shares of the company’s stock worth $342,000 after acquiring an additional 2,569 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Luther Burbank in the 4th quarter worth $48,000. Bank of America Corp DE raised its stake in Luther Burbank by 11.3% in the 2nd quarter. Bank of America Corp DE now owns 57,891 shares of the company’s stock worth $630,000 after acquiring an additional 5,870 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Luther Burbank by 3.1% in the 2nd quarter. Northern Trust Corp now owns 224,325 shares of the company’s stock worth $2,443,000 after acquiring an additional 6,640 shares during the last quarter. Institutional investors own 22.17% of the company’s stock.
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, high net worth individuals, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts.