Positive Media Coverage Somewhat Unlikely to Affect Luther Burbank (LBC) Share Price

News headlines about Luther Burbank (NASDAQ:LBC) have trended positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luther Burbank earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.2497260865196 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

LBC has been the topic of several analyst reports. Zacks Investment Research raised Luther Burbank from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, March 28th. Sandler O’Neill reissued a “hold” rating and set a $13.00 target price on shares of Luther Burbank in a research report on Thursday, March 29th.

LBC traded up $0.05 during trading hours on Thursday, reaching $11.49. 2,604 shares of the company’s stock traded hands, compared to its average volume of 155,964. Luther Burbank has a 52-week low of $11.02 and a 52-week high of $13.60. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.08. The stock has a market cap of $648.76 and a P/E ratio of 8.10.



Luther Burbank (NASDAQ:LBC) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.04. The business had revenue of $29.05 million for the quarter, compared to analysts’ expectations of $28.70 million. equities analysts anticipate that Luther Burbank will post 0.78 EPS for the current fiscal year.

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Luther Burbank Company Profile

Luther Burbank Corp. operates as a bank holding company. The company operates through its subsidiary, Luther Burbank Savings. It accepts deposits from general public and invests those funds in real estate loans, including permanent mortgage and construction loan. Luther Burbank was founded on May 14, 1991 and is headquartered in Santa Rosa, CA.

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