Luther Burbank (LBC) to Release Quarterly Earnings on Wednesday

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Luther Burbank (NASDAQ:LBC) will be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Luther Burbank (NASDAQ:LBC) last released its quarterly earnings results on Monday, July 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $32.06 million during the quarter, compared to analysts’ expectations of $32.85 million. Luther Burbank had a return on equity of 7.94% and a net margin of 17.97%. On average, analysts expect Luther Burbank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ LBC opened at $10.96 on Monday. The stock has a market cap of $618.74 million, a PE ratio of 13.87, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.05. Luther Burbank has a twelve month low of $7.92 and a twelve month high of $11.64. The stock has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $10.70.

A number of equities analysts have recently weighed in on LBC shares. ValuEngine cut Luther Burbank from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Sandler O’Neill upgraded Luther Burbank from a “hold” rating to a “buy” rating in a report on Thursday, June 27th.

About Luther Burbank

Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, high net worth individuals, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts.

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Earnings History for Luther Burbank (NASDAQ:LBC)

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