Analysts expect that Luther Burbank Corp (NASDAQ:LBC) will report earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Luther Burbank’s earnings. Luther Burbank also reported earnings per share of $0.20 in the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Luther Burbank will report full year earnings of $0.80 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $0.99. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Luther Burbank.

Luther Burbank (NASDAQ:LBC) last announced its quarterly earnings data on Monday, January 28th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $33.00 million for the quarter, compared to analysts’ expectations of $32.65 million. Luther Burbank had a return on equity of 7.95% and a net margin of 19.58%.

A number of brokerages have recently issued reports on LBC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price target on shares of Luther Burbank in a report on Sunday, February 24th. ValuEngine downgraded shares of Luther Burbank from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Luther Burbank from a “hold” rating to a “strong sell” rating in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Luther Burbank currently has an average rating of “Hold” and an average target price of $12.50.

In other Luther Burbank news, CEO Simone Lagomarsino bought 10,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was purchased at an average cost of $10.46 per share, for a total transaction of $104,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 20.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. New York State Common Retirement Fund increased its holdings in Luther Burbank by 33.6% during the 4th quarter. New York State Common Retirement Fund now owns 15,100 shares of the company’s stock valued at $136,000 after acquiring an additional 3,800 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Luther Burbank during the 3rd quarter valued at about $174,000. O Shaughnessy Asset Management LLC purchased a new position in Luther Burbank during the 3rd quarter valued at about $236,000. Wells Fargo & Company MN increased its holdings in Luther Burbank by 72.5% during the 3rd quarter. Wells Fargo & Company MN now owns 23,968 shares of the company’s stock valued at $260,000 after acquiring an additional 10,077 shares in the last quarter. Finally, M3F Inc. purchased a new position in Luther Burbank during the 4th quarter valued at about $226,000. Hedge funds and other institutional investors own 22.72% of the company’s stock.

Shares of LBC traded up $0.09 during trading hours on Friday, reaching $10.32. The company had a trading volume of 49,135 shares, compared to its average volume of 66,804. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $571.23 million, a PE ratio of 13.06, a P/E/G ratio of 1.81 and a beta of 1.16. Luther Burbank has a 12-month low of $7.92 and a 12-month high of $13.23.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 19th. Shareholders of record on Friday, February 8th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.23 annualized dividend and a yield of 2.25%. Luther Burbank’s dividend payout ratio (DPR) is currently 29.11%.

Luther Burbank Company Profile

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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Earnings History and Estimates for Luther Burbank (NASDAQ:LBC)

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