Luther Burbank Corp (LBC) to Issue Quarterly Dividend of $0.06 on November 14th

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Luther Burbank Corp (NASDAQ:LBC) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.058 per share on Thursday, November 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, November 1st.

Shares of NASDAQ:LBC traded down $0.08 on Wednesday, reaching $11.71. 673 shares of the company traded hands, compared to its average volume of 18,738. The business’s 50-day simple moving average is $11.18 and its 200 day simple moving average is $10.74. Luther Burbank has a 52 week low of $7.92 and a 52 week high of $11.99. The stock has a market capitalization of $667.59 million, a P/E ratio of 14.77 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 (NASDAQ:LBC) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. Luther Burbank had a return on equity of 7.98% and a net margin of 17.57%. The firm had revenue of $33.58 million for the quarter, compared to analysts’ expectations of $31.50 million. Sell-side analysts expect that Luther Burbank will post 0.85 EPS for the current fiscal year.

A number of research analysts have recently issued reports on LBC shares. Zacks Investment Research raised Luther Burbank from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, October 24th. ValuEngine cut Luther Burbank from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st.

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 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.

Further Reading: Why investors pay attention to retained earnings

Dividend History for Luther Burbank (NASDAQ:LBC)

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