Luther Burbank (LBC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LBC shares.
View LBC analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month target prices for Luther Burbank's shares. Their LBC share price forecasts range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 55.8% from the stock's current price.
View analysts price targets for LBC or view top-rated stocks among Wall Street analysts.

Luther Burbank's stock was trading at $11.11 on January 1st, 2023. Since then, LBC stock has decreased by 13.3% and is now trading at $9.63.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our LBC earnings forecast.

Luther Burbank Co. (NASDAQ:LBC) announced its earnings results on Tuesday, April, 25th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $35.22 million for the quarter. Luther Burbank had a net margin of 24.28% and a trailing twelve-month return on equity of 10.37%.

Luther Burbank declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, November 4th will be given a dividend of $0.12 per share on Monday, November 14th. This represents a $0.48 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, November 3rd.
Read our dividend analysis for LBC.

ETFs with the largest weight of Luther Burbank (NASDAQ:LBC) stock in their portfolio include Royce Quant Small-Cap Quality Value ETF (SQLV).

5 employees have rated Luther Burbank Chief Executive Officer Simone Lagomarsino on Glassdoor.com. Simone Lagomarsino has an approval rating of 100% among the company's employees. This puts Simone Lagomarsino in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Luther Burbank investors own include Huntington Bancshares (HBAN), Apple Hospitality REIT (APLE), Fiesta Restaurant Group (FRGI), Hewlett Packard Enterprise (HPE), KeyCorp (KEY), People's United Financial (PBCT), AmerisourceBergen (ABC) and Caterpillar (CAT).

(LBC) raised $131 million in an initial public offering on Friday, December 8th 2017. The company issued 11,400,000 shares at $10.50-$12.50 per share. Keefe, Bruyette & Woods (A Stifel Company), Sandler O'Neill + Partners and Piper Jaffray acted as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.

Luther Burbank trades on the NASDAQ under the ticker symbol "LBC."

Luther Burbank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.26%), Dimensional Fund Advisors LP (1.74%), Hotchkis & Wiley Capital Management LLC (1.25%), State Street Corp (0.69%), Foundry Partners LLC (0.54%) and Geode Capital Management LLC (0.53%). Insiders that own company stock include Jack W Krouskup, Liana Prieto, Parham Medhat, Simone Lagomarsino, Tammy Mahoney and Thomas C Wajnert.
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Shares of LBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LBC stock can currently be purchased for approximately $9.63.

Luther Burbank (NASDAQ:LBC) has a market capitalization of $491.42 million and generates $262.61 million in revenue each year. The company earns $80.20 million in net income (profit) each year or $1.38 on an earnings per share basis.

The company employs 286 workers across the globe.

Luther Burbank's mailing address is 520 Third Street Fourth Floor, Santa Rosa CA, 95401. The official website for the company is www.lutherburbanksavings.com. The company can be reached via phone at (844) 446-8201 or via email at investorrelations@lbsavings.com.