Luther Burbank (NASDAQ:LBC) issued its quarterly earnings results on Thursday, October 25th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01, Fidelity Earnings reports. The firm had revenue of $32.76 million for the quarter, compared to analysts’ expectations of $33.10 million. Luther Burbank had a net margin of 25.84% and a return on equity of 7.73%.
Shares of Luther Burbank stock traded down $0.05 during trading on Friday, hitting $9.67. 22,374 shares of the stock were exchanged, compared to its average volume of 76,478. Luther Burbank has a 1-year low of $9.23 and a 1-year high of $13.60. The firm has a market capitalization of $550.22 million and a PE ratio of 6.81. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.27 and a quick ratio of 1.26.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 5th will be paid a dividend of $0.0575 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.23 annualized dividend and a dividend yield of 2.38%. Luther Burbank’s dividend payout ratio is presently 16.20%.
An institutional investor recently raised its position in Luther Burbank stock. Bank of New York Mellon Corp boosted its stake in Luther Burbank Corp (NASDAQ:LBC) by 38.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,623 shares of the company’s stock after buying an additional 14,815 shares during the period. Bank of New York Mellon Corp owned approximately 0.09% of Luther Burbank worth $617,000 as of its most recent filing with the SEC. 20.53% of the stock is currently owned by hedge funds and other institutional investors.
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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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