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.
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.
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