Shares of Luther Burbank Corp (NASDAQ:LBC) have been assigned an average broker rating score of 3.00 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $12.00 for the company and are forecasting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Luther Burbank an industry rank of 165 out of 255 based on the ratings given to its competitors.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Luther Burbank from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Sandler O’Neill reiterated a “hold” rating and issued a $11.50 target price on shares of Luther Burbank in a report on Monday, July 30th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $12.00 target price on shares of Luther Burbank in a report on Wednesday, August 1st.
LBC traded down $0.07 during trading on Friday, hitting $10.82. The stock had a trading volume of 28,602 shares, compared to its average volume of 112,074. The company has a market capitalization of $615.25 million and a PE ratio of 7.62. Luther Burbank has a 12 month low of $10.49 and a 12 month high of $13.60. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.27 and a quick ratio of 1.26.
Luther Burbank (NASDAQ:LBC) last announced its earnings results on Thursday, July 26th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $31.98 million during the quarter, compared to the consensus estimate of $32.60 million. Analysts anticipate that Luther Burbank will post 0.81 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. American International Group Inc. acquired a new stake in Luther Burbank in the 1st quarter worth $108,000. Brown Advisory Inc. acquired a new stake in Luther Burbank in the 2nd quarter worth $119,000. Rhumbline Advisers acquired a new stake in Luther Burbank in the 2nd quarter worth $147,000. The Manufacturers Life Insurance Company acquired a new stake in Luther Burbank in the 1st quarter worth $159,000. Finally, American Century Companies Inc. acquired a new stake in Luther Burbank in the 2nd quarter worth $203,000. Institutional investors own 20.48% 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 individuals, entrepreneurs, professionals, and businesses in the United States. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts.
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