Luther Burbank Co. (NASDAQ:LBC) Shares Sold by Boston Partners

Boston Partners lowered its holdings in Luther Burbank Co. (NASDAQ:LBCFree Report) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,895 shares of the company’s stock after selling 26,305 shares during the period. Boston Partners owned 0.34% of Luther Burbank worth $1,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBC. Citigroup Inc. lifted its stake in shares of Luther Burbank by 271.1% during the second quarter. Citigroup Inc. now owns 589,318 shares of the company’s stock worth $5,257,000 after purchasing an additional 430,535 shares in the last quarter. EA Series Trust acquired a new stake in Luther Burbank in the second quarter worth approximately $1,391,000. Susquehanna International Group LLP lifted its position in Luther Burbank by 161.7% in the first quarter. Susquehanna International Group LLP now owns 154,317 shares of the company’s stock worth $1,463,000 after purchasing an additional 95,339 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Luther Burbank by 12.9% during the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 718,379 shares of the company’s stock valued at $6,408,000 after acquiring an additional 82,140 shares during the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of Luther Burbank by 102.6% during the 1st quarter. Boothbay Fund Management LLC now owns 144,897 shares of the company’s stock valued at $1,374,000 after acquiring an additional 73,385 shares during the last quarter. Hedge funds and other institutional investors own 14.96% of the company’s stock.

Luther Burbank Stock Up 0.2 %

LBC stock opened at $9.24 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.28 and a quick ratio of 1.28. Luther Burbank Co. has a 52-week low of $7.73 and a 52-week high of $12.27. The company has a 50-day moving average of $9.98 and a two-hundred day moving average of $9.30. The stock has a market capitalization of $471.42 million, a price-to-earnings ratio of 13.01 and a beta of 0.69.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price target on shares of Luther Burbank from $12.75 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 21st.

View Our Latest Stock Analysis on Luther Burbank

Luther Burbank Profile

(Free Report)

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, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts.

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Institutional Ownership by Quarter for Luther Burbank (NASDAQ:LBC)

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