Luther Burbank Corp (LBC) EVP Liana Prieto Sells 20,000 Shares

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Luther Burbank Corp (NASDAQ:LBC) EVP Liana Prieto sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.03, for a total value of $200,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of LBC stock traded down $0.02 on Friday, reaching $10.46. 2,007 shares of the stock were exchanged, compared to its average volume of 65,926. The company has a market cap of $594.96 million, a P/E ratio of 13.28, a PEG ratio of 1.88 and a beta of 1.15. Luther Burbank Corp has a one year low of $7.92 and a one year high of $13.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 2.24.

Luther Burbank (NASDAQ:LBC) last released its earnings results on Monday, April 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $33.47 million during the quarter, compared to the consensus estimate of $32.55 million. Luther Burbank had a return on equity of 8.04% and a net margin of 18.64%. As a group, equities research analysts anticipate that Luther Burbank Corp will post 0.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Thursday, May 9th will be paid a dividend of $0.0575 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.20%. Luther Burbank’s dividend payout ratio (DPR) is presently 29.11%.

LBC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 target price on shares of Luther Burbank in a research report on Sunday, February 24th. Zacks Investment Research downgraded Luther Burbank from a “hold” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine downgraded Luther Burbank from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Luther Burbank has an average rating of “Hold” and a consensus price target of $12.38.

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Luther Burbank by 72.5% during the third quarter. Wells Fargo & Company MN now owns 23,968 shares of the company’s stock worth $260,000 after purchasing an additional 10,077 shares during the period. Rhumbline Advisers lifted its holdings in shares of Luther Burbank by 57.6% in the fourth quarter. Rhumbline Advisers now owns 26,842 shares of the company’s stock valued at $242,000 after purchasing an additional 9,812 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Luther Burbank by 36.3% in the third 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. BlackRock Inc. lifted its holdings in shares of Luther Burbank by 36.9% in the third quarter. BlackRock Inc. now owns 1,006,252 shares of the company’s stock valued at $10,948,000 after purchasing an additional 271,028 shares in the last quarter. Finally, M3F Inc. bought a new stake in shares of Luther Burbank in the fourth quarter valued at about $226,000. 22.73% of the stock is owned by institutional investors and hedge funds.

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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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