Luther Burbank Corp (NASDAQ:LBC) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a one year consensus price target of $11.00 for the company and are forecasting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given Luther Burbank an industry rank of 165 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of Luther Burbank from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st.

Shares of LBC stock traded up $0.20 during trading hours on Wednesday, hitting $9.96. 41,977 shares of the company’s stock traded hands, compared to its average volume of 67,719. Luther Burbank has a 12 month low of $7.92 and a 12 month high of $13.60. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $563.17 million and a P/E ratio of 7.01.

Luther Burbank (NASDAQ:LBC) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Luther Burbank had a net margin of 25.84% and a return on equity of 7.67%. The business had revenue of $32.76 million for the quarter, compared to analyst estimates of $33.10 million. As a group, sell-side analysts forecast that Luther Burbank will post 0.81 earnings per share for the current fiscal year.

In other news, Director Victor Trione purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $10.01 per share, for a total transaction of $150,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 30,200 shares of company stock worth $293,764 in the last ninety days. 20.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Luther Burbank by 36.9% during the third quarter. BlackRock Inc. now owns 1,006,252 shares of the company’s stock valued at $10,948,000 after buying an additional 271,028 shares in the last quarter. Capital Research Global Investors boosted its stake in Luther Burbank by 16.7% during the 3rd quarter. Capital Research Global Investors now owns 1,750,000 shares of the company’s stock valued at $19,040,000 after purchasing an additional 250,000 shares in the last quarter. Vanguard Group Inc boosted its stake in Luther Burbank by 36.3% during the 3rd quarter. Vanguard Group Inc now owns 480,997 shares of the company’s stock valued at $5,233,000 after purchasing an additional 128,048 shares in the last quarter. Vanguard Group Inc. boosted its stake in Luther Burbank by 36.3% during the 3rd quarter. Vanguard Group Inc. now owns 480,997 shares of the company’s stock valued at $5,233,000 after purchasing an additional 128,048 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Luther Burbank during the 2nd quarter worth $920,000. 23.62% of the stock is owned by institutional investors.

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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