Should I buy or sell Luther Burbank stock right now?

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 .

What is Luther Burbank's stock price target for 2024?

1 equities research analysts have issued 1 year price objectives for Luther Burbank's shares. Their LBC share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next year. This suggests a possible upside of 27.6% from the stock's current price. View analysts price targets for LBC or view top-rated stocks among Wall Street analysts .

How have LBC shares performed in 2023?

Luther Burbank's stock was trading at $11.11 at the start of the year. Since then, LBC shares have decreased by 22.4% and is now trading at $8.62. View the best growth stocks for 2023 here .

When is Luther Burbank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024. View our LBC earnings forecast .

How were Luther Burbank's earnings last quarter?

Luther Burbank Co. (NASDAQ:LBC) posted its earnings results on Monday, October, 30th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $20.60 million for the quarter. Luther Burbank had a trailing twelve-month return on equity of 5.19% and a net margin of 10.43%.

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) , Caterpillar (CAT) .

When did Luther Burbank IPO?

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

Who are Luther Burbank's major shareholders?

Luther Burbank's stock is owned by many different institutional and retail investors. Top institutional investors include Citigroup Inc. (1.12%), Boston Partners (0.34%), Northern Trust Corp (0.33%), Bank of New York Mellon Corp (0.19%), Charles Schwab Investment Management Inc. (0.15%) and Barclays PLC (0.03%). Insiders that own company stock include Jack W Krouskup , Liana Prieto, Parham Medhat and Tammy Mahoney . View institutional ownership trends .

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 .

Luther Burbank Stock Price, News & Analysis (NASDAQ:LBC)

$8.62

-0.05 (-0.58%)

(As of 11/28/2023 ET)

Compare

Today's Range: $8.57
▼
$8.73
50-Day Range: $8.00
▼
$9.23
52-Week Range: $7.73
▼
$12.27

Volume: 25,498 shs
Average Volume: 24,102 shs
Market Capitalization: $439.79 million

P/E Ratio: 12.14
Dividend Yield: N/A
Price Target: $11.00

Luther Burbank MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 27.6% Upside
$11.00 Price Target
Short Interest: Bearish
0.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.25
Upright™ Environmental Score
News Sentiment: -0.04
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.

2.24 out of 5 stars

Finance Sector

460th out of 872 stocks

State Commercial Banks Industry

112th out of 184 stocks

3.5

Analyst's Opinion

Consensus Rating
Luther Burbank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.00, Luther Burbank has a forecasted upside of 27.6% from its current price of $8.62.
Amount of Analyst Coverage
Luther Burbank has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.67% 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 6.1.
Change versus previous month
Short interest in Luther Burbank has recently increased by 4.59%, indicating that investor sentiment is decreasing.

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.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Luther Burbank has received a 8.81% 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", "Consumer transaction accounts provided by brick and mortar banks", and "Debit cards" products. See details.
Environmental Sustainability
The Environmental Impact score for Luther Burbank is -1.25.

2.2

News and Social Media Coverage

News Sentiment
Luther Burbank has a news sentiment score of -0.04. 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.
Search Interest
1 people have searched for LBC on MarketBeat in the last 30 days.
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
23.17% 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 12.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Luther Burbank is 12.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.57.
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 Stock (NASDAQ:LBC)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LBC Stock News Headlines

November 27, 2023 | americanbankingnews.com

First Bancorp (NASDAQ:FBNC) versus Luther Burbank (NASDAQ:LBC) Critical Contrast

November 22, 2023 | americanbankingnews.com

Luther Burbank (NASDAQ:LBC) PT Lowered to $11.00 at Keefe, Bruyette & Woods

November 29, 2023 | Edge On The Street (Ad)

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November 21, 2023 | markets.businessinsider.com

Keefe, Bruyette & Woods Maintains Outperform Rating for Luther Burbank: Here's What You Need To Know

November 19, 2023 | msn.com

Hundreds of volunteers help give out turkeys at Luther Burbank High School

November 11, 2023 | morningstar.com

Luther Burbank Corp LBC

October 31, 2023 | msn.com

Luther Burbank GAAP EPS of $0.04, revenue of $20.59M

October 30, 2023 | finance.yahoo.com

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023

November 29, 2023 | Edge On The Street (Ad)

An Unusual Way to Invest in Gold

October 25, 2023 | finance.yahoo.com

Luther Burbank Corp. (US5505501073.SG)

August 29, 2023 | usnews.com

Luther Burbank Middle

August 17, 2023 | finance.yahoo.com

LIBERO CLOSES PRIVATE PLACEMENT

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

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

See More Headlines

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Company Calendar

Last Earnings: 10/30/2023
Today: 11/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/23/2024

Get Stock Alerts

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

Price Target and Rating

Average Stock Price Target: $11.00
High Stock Price Target: $11.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +27.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.71
Trailing P/E Ratio: 12.14
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $80.20 million
Net Margins: 10.43%
Pretax Margin: 14.88%
Return on Equity: 5.19%
Return on Assets: 0.44%

Debt

Debt-to-Equity Ratio: 2.28
Current Ratio: 1.28
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $262.61 million
Price / Sales: 1.67
Cash Flow: $1.87 per share
Price / Cash Flow: 4.60
Book Value: $13.62 per share
Price / Book: 0.63

Miscellaneous

Outstanding Shares: 51,020,000
Free Float: 39,196,000
Market Cap: $439.79 million
Optionable: Not Optionable
Beta: 0.70

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Key Executives

Ms. Simone F. Lagomarsino (Age 62)
CEO, President & Director
Comp: $1.43M
Ms. Laura Tarantino (Age 58)
Executive VP & CFO
Comp: $686.72k
Ms. Tammy Mahoney (Age 56)
Executive VP & Chief Risk Officer
Comp: $651.51k
Mr. Parham Medhat (Age 49)
Executive VP and Chief Operations & Technology Officer
Mr. Bradley S. Satenberg (Age 52)
Head of Investor Relations
Mr. Greg Loren Smith (Age 50)
Senior VP, General Counsel & Corporate Secretary
Mr. William D. Fanter (Age 52)
Executive VP & Head of Retail Banking
Mr. Alexander L. Stefani (Age 43)
Executive VP & Chief Credit Officer
Ms. Lisa Kepler (Age 63)
Senior VP & Director of Single Family Residential Lending

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LBC Stock Analysis - Frequently Asked Questions

Should I buy or sell Luther Burbank stock right now?: 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.
What is Luther Burbank's stock price target for 2024?: 1 equities research analysts have issued 1 year price objectives for Luther Burbank's shares. Their LBC share price targets range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
View analysts price targets for LBC or view top-rated stocks among Wall Street analysts.
How have LBC shares performed in 2023?: Luther Burbank's stock was trading at $11.11 at the start of the year. Since then, LBC shares have decreased by 22.4% and is now trading at $8.62.
View the best growth stocks for 2023 here.
When is Luther Burbank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our LBC earnings forecast.
How were Luther Burbank's earnings last quarter?: Luther Burbank Co. (NASDAQ:LBC) posted its earnings results on Monday, October, 30th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $20.60 million for the quarter. Luther Burbank had a trailing twelve-month return on equity of 5.19% and a net margin of 10.43%.
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), Caterpillar (CAT).
When did Luther Burbank IPO?: (LBC) raised $131 million in an initial public offering on Friday, December 8th 2017. The company issued 11,400,000 shares at a price of $10.50-$12.50 per share. Keefe, Bruyette & Woods (A Stifel Company), Sandler O'Neill + Partners and Piper Jaffray served as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.
Who are Luther Burbank's major shareholders?: Luther Burbank's stock is owned by many different institutional and retail investors. Top institutional investors include Citigroup Inc. (1.12%), Boston Partners (0.34%), Northern Trust Corp (0.33%), Bank of New York Mellon Corp (0.19%), Charles Schwab Investment Management Inc. (0.15%) and Barclays PLC (0.03%). Insiders that own company stock include Jack W Krouskup, Liana Prieto, Parham Medhat and Tammy Mahoney.
View institutional ownership trends.
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.

This page (NASDAQ:LBC) was last updated on 11/29/2023 by MarketBeat.com Staff

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