NASDAQ:LBC

Luther Burbank (LBC) Stock Forecast, Price & News

$8.40

+0.02 (+0.24%)

(As of 09/29/2023 ET)

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Today's Range: $8.40
▼
$8.54
50-Day Range: $8.25
▼
$10.47
52-Week Range: $7.82
▼
$13.05

Volume: 17,358 shs
Average Volume: 26,248 shs
Market Capitalization: $428.65 million

P/E Ratio: 7.78
Dividend Yield: N/A
Price Target: N/A

Luther Burbank MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.72% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.59
Upright™ Environmental Score
News Sentiment: 0.44
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.80 out of 5 stars

Finance Sector

759th out of 854 stocks

State Commercial Banks Industry

175th out of 178 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Luther Burbank.

2.0

Short Interest

Percentage of Shares Shorted
0.72% of the float of Luther Burbank has been sold short.
Short Interest Ratio / Days to Cover
Luther Burbank has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in Luther Burbank has recently increased by 7.31%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Luther Burbank does not currently pay a dividend.
Dividend Growth
Luther Burbank does not have a long track record of dividend growth.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Luther Burbank has received a 19.00% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Wire transfer services", "Consumer savings accounts provided by brick and mortar banks", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Luther Burbank is -0.59.

2.5

News and Social Media Coverage

News Sentiment
Luther Burbank has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Luther Burbank this week, compared to 0 articles on an average week.
MarketBeat Follows
1 people have added Luther Burbank to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Luther Burbank insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.18% of the stock of Luther Burbank is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 14.96% of the stock of Luther Burbank is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Luther Burbank is 7.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Luther Burbank is 7.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 70.91.
Price to Book Value per Share Ratio
Luther Burbank has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Luther Burbank (NASDAQ:LBC) Stock

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. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.

LBC Price History

30 days | 90 days | 365 days | Advanced Chart

LBC Stock News Headlines

August 29, 2023 | usnews.com

Luther Burbank Middle

August 17, 2023 | finance.yahoo.com

LIBERO CLOSES PRIVATE PLACEMENT

October 1, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

July 26, 2023 | finance.yahoo.com

Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023

July 8, 2023 | fool.com

Luther Burbank (NASDAQ: LBC)

May 18, 2023 | msn.com

Keefe, Bruyette & Woods Maintains Luther Burbank (LBC) Market Perform Recommendation

May 8, 2023 | bizjournals.com

WaFd Bank, Luther Burbank shareholders approve proposed acquisition

May 8, 2023 | finance.yahoo.com

Washington Federal (WAFD)-Luther (LBC) Deal Gets Shareholder Nod

October 1, 2023 | Behind the Markets (Ad)

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April 28, 2023 | seekingalpha.com

Luther Burbank Acquisition Potentially Offers 3.47% Upside In A Month

April 27, 2023 | finance.yahoo.com

Luther Burbank First Quarter 2023 Earnings: EPS: US$0.26 (vs US$0.45 in 1Q 2022)

April 25, 2023 | finance.yahoo.com

Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2023

March 7, 2023 | finance.yahoo.com

Investors in Luther Burbank (NASDAQ:LBC) have made a decent return of 37% over the past three years

January 25, 2023 | forbes.com

Luther Burbank

January 24, 2023 | msn.com

Luther Burbank GAAP EPS of $0.27, revenue of $40.24M

January 24, 2023 | finance.yahoo.com

Luther Burbank Corporation Reports Earnings for the Quarter and Year Ended December 31, 2022

December 6, 2022 | finance.yahoo.com

Should Value Investors Buy Luther Burbank (LBC) Stock?

November 18, 2022 | finance.yahoo.com

Are Investors Undervaluing Luther Burbank (LBC) Right Now?

November 15, 2022 | benzinga.com

STOCKHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Luther Burbank Corp. - LBC

November 14, 2022 | marketwatch.com

Washington Federal, Luther Burbank Shares Slip on Tie-Up >WAFD LBC

November 14, 2022 | finance.yahoo.com

Washington Federal (WAFD) to Buy Luther (LBC), Enter California

October 29, 2022 | finance.yahoo.com

Luther Burbank (NASDAQ:LBC) Has Announced A Dividend Of $0.12

October 26, 2022 | seekingalpha.com

Luther Burbank Corporation (LBC) Q3 2022 Earnings Call Transcript

October 25, 2022 | finance.yahoo.com

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2022 and Announces Quarterly Dividend

October 24, 2022 | msn.com

Luther Burbank's Earnings: A Preview

October 7, 2022 | finance.yahoo.com

Luther Burbank Corporation Announces Third Quarter 2022 Earnings Release and Conference Call Dates

October 5, 2022 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Luther Burbank (NASDAQ:LBC) Passed With Ease

See More Headlines

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LBC Company Calendar

Last Earnings: 7/25/2023
Today: 9/30/2023
Next Earnings (Estimated): 10/24/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:LBC
CUSIP: N/A
CIK: 1475348
Web: www.lutherburbanksavings.com
Phone: (844) 446-8201
Fax: N/A
Employees: 256
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.08
Trailing P/E Ratio: 7.78
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $80.20 million
Net Margins: 17.10%
Pretax Margin: 24.42%
Return on Equity: 7.99%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 2.48
Current Ratio: 1.30
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $262.61 million
Price / Sales: 1.63
Cash Flow: $1.89 per share
Price / Cash Flow: 4.45
Book Value: $13.36 per share
Price / Book: 0.63

Miscellaneous

Outstanding Shares: 51,030,000
Free Float: 39,200,000
Market Cap: $428.65 million
Optionable: Not Optionable
Beta: 0.71

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Key Executives

Ms. Simone F. Lagomarsino (Age 62)
CEO, Pres & Director
Comp: $1.43M

Ms. Laura Tarantino (Age 58)
Exec. VP & CFO
Comp: $686.72k

Ms. Tammy Mahoney (Age 56)
Exec. VP & Chief Risk Officer
Comp: $651.51k

Mr. Parham Medhat (Age 49)
Exec. VP and Chief Operations & Technology Officer

Mr. Bradley S. Satenberg (Age 52)
CFO of Luther Burbank Savings & Head of Investor Relations

Mr. Greg Loren Smith (Age 50)
Sr. VP, Gen. Counsel & Corp. Sec.

Mr. William D. Fanter (Age 52)
Exec. VP & Head of Retail Banking

Mr. Alexander L. Stefani (Age 42)
Exec. VP & Chief Credit Officer

Ms. Lisa Kepler (Age 63)
Sr. VP & Director of Single Family Residential Lending

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LBC Stock - Frequently Asked Questions

Should I buy or sell Luther Burbank stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LBC shares.
View LBC analyst ratings or view top-rated stocks.
How have LBC shares performed in 2023?: Luther Burbank's stock was trading at $11.11 at the beginning of 2023. Since then, LBC stock has decreased by 24.4% and is now trading at $8.40.
View the best growth stocks for 2023 here.
Are investors shorting Luther Burbank?: Luther Burbank saw a increase in short interest in September. As of September 15th, there was short interest totaling 148,200 shares, an increase of 7.3% from the August 31st total of 138,100 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 6.4 days. Approximately 0.7% of the shares of the company are short sold.
View Luther Burbank's Short Interest.
When is Luther Burbank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our LBC earnings forecast.
How were Luther Burbank's earnings last quarter?: Luther Burbank Co. (NASDAQ:LBC) posted its earnings results on Tuesday, July, 25th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm earned $27.21 million during the quarter. Luther Burbank had a trailing twelve-month return on equity of 7.99% and a net margin of 17.10%.
How often does Luther Burbank pay dividends? What is the dividend yield for Luther Burbank?: Luther Burbank declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Friday, November 4th will be paid a dividend of $0.12 per share on Monday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date is Thursday, November 3rd.
Read our dividend analysis for LBC.
What is Simone Lagomarsino's approval rating as Luther Burbank's CEO?: 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.

What other stocks do shareholders of Luther Burbank own?: 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).
When did Luther Burbank IPO?: (LBC) raised $131 million in an IPO 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.
What is Luther Burbank's stock symbol?: Luther Burbank trades on the NASDAQ under the ticker symbol "LBC."
How do I buy shares of Luther Burbank?: 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.
Compare Top Brokerages Here.
What is Luther Burbank's stock price today?: One share of LBC stock can currently be purchased for approximately $8.40.
How much money does Luther Burbank make?: Luther Burbank (NASDAQ:LBC) has a market capitalization of $428.65 million and generates $262.61 million in revenue each year. The company earns $80.20 million in net income (profit) each year or $1.08 on an earnings per share basis.
How many employees does Luther Burbank have?: The company employs 256 workers across the globe.
How can I contact Luther Burbank?: 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.

This page (NASDAQ:LBC) was last updated on 10/1/2023 by MarketBeat.com Staff

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