NASDAQ:LBC

Luther Burbank Stock Forecast, Price & News

$11.59
-0.46 (-3.82 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$11.52
$11.93
50-Day Range
$11.03
$12.42
52-Week Range
$7.58
$12.49
Volume132,427 shs
Average Volume46,157 shs
Market Capitalization$605.16 million
P/E Ratio11.95
Dividend Yield1.91%
Beta0.8
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Luther Burbank logo

About Luther Burbank

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, high net worth individuals, 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 mortgage products, such as a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, and online and mobile banking services; engages in the real estate investment; and issues trust preferred securities. As of December 31, 2020, it had operations in California, Oregon, and Washington through 10 branches in California; 1 branch in Washington; and 7 lending offices located throughout the market area, including Santa Rosa, Los Angeles, San Francisco, San Jose, San Diego, and Seattle. The company was founded in 1983 and is headquartered in Santa Rosa, California.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

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Miscellaneous


MarketRank

Overall MarketRank

1.75 out of 5 stars

Finance Sector

446th out of 1,971 stocks

State Commercial Banks Industry

88th out of 308 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
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Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

Is Luther Burbank a buy 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 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Luther Burbank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LBC, but not buy additional shares or sell existing shares.
View analyst ratings for Luther Burbank
or view top-rated stocks.

What stocks does MarketBeat like better than Luther Burbank?

Wall Street analysts have given Luther Burbank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Luther Burbank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Luther Burbank?

Luther Burbank saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 209,000 shares, an increase of 38.9% from the April 29th total of 150,500 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 4.4 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?

Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Luther Burbank
.

How were Luther Burbank's earnings last quarter?

Luther Burbank Co. (NASDAQ:LBC) issued its earnings results on Monday, April, 26th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The business earned $39.03 million during the quarter, compared to analysts' expectations of $38 million. Luther Burbank had a trailing twelve-month return on equity of 9.51% and a net margin of 21.58%.
View Luther Burbank's earnings history
.

How has Luther Burbank's stock price been impacted by Coronavirus?

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LBC shares have increased by 34.5% and is now trading at $11.59.
View which stocks have been most impacted by COVID-19
.

How often does Luther Burbank pay dividends? What is the dividend yield for Luther Burbank?

Luther Burbank announced a quarterly dividend on Tuesday, April 27th. Shareholders of record on Friday, May 7th will be given a dividend of $0.058 per share on Monday, May 17th. This represents a $0.23 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, May 6th.
View Luther Burbank's dividend history
.

Is Luther Burbank a good dividend stock?

Luther Burbank pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.91%. Luther Burbank does not yet have a strong track record of dividend growth. The dividend payout ratio of Luther Burbank is 25.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 14.65% next year. This indicates that Luther Burbank will be able to sustain or increase its dividend.
View Luther Burbank's dividend history.

What price target have analysts set for LBC?

1 brokerages have issued 12 month price targets for Luther Burbank's stock. Their forecasts range from $9.50 to $9.50. On average, they expect Luther Burbank's share price to reach $9.50 in the next twelve months. This suggests that the stock has a possible downside of 18.0%.
View analysts' price targets for Luther Burbank
or view top-rated stocks among Wall Street analysts.

Who are Luther Burbank's key executives?

Luther Burbank's management team includes the following people:
  • Ms. Simone F. Lagomarsino, CEO, Pres & Director (Age 60, Pay $1.27M)
  • Ms. Laura Tarantino, Exec. VP & CFO (Age 56, Pay $695.57k)
  • Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel, Corp. Sec. & Chief Ethics Officer (Age 42, Pay $725.56k)
  • Mr. Parham Medhat, Exec. VP and Chief Operations & Technology Officer (Age 47)
  • Mr. Bradley S. Satenberg, Investor Relations (Age 50)
  • Ms. Tammy Mahoney, Exec. VP & Chief Risk Officer (Age 54)
  • Mr. William D. Fanter, Exec. VP & Head of Retail Banking (Age 50)
  • Mr. James Michael Stedman, Exec. VP & Chief Credit Officer (Age 55)

What is Simone Lagomarsino's approval rating as Luther Burbank's CEO?

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

Who are some of Luther Burbank's key competitors?

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), (CNDT), Fiesta Restaurant Group (FRGI), Hewlett Packard Enterprise (HPE), (HST), KeyCorp (KEY), People's United Financial (PBCT), AmerisourceBergen (ABC) and Caterpillar (CAT).

When did Luther Burbank IPO?

(LBC) raised $131 million in an initial public offering (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 served 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."

Who are Luther Burbank's major shareholders?

Luther Burbank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.90%), Dimensional Fund Advisors LP (1.07%), Renaissance Technologies LLC (0.66%), Northern Trust Corp (0.55%), Geode Capital Management LLC (0.53%) and JPMorgan Chase & Co. (0.53%). Company insiders that own Luther Burbank stock include Jack W Krouskup, John C Erickson, Liana Prieto, Simone Lagomarsino, Tammy Mahoney and Thomas C Wajnert.
View institutional ownership trends for Luther Burbank
.

Which institutional investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, JPMorgan Chase & Co., Wedge Capital Management L L P NC, Morgan Stanley, Nuveen Asset Management LLC, Foundry Partners LLC, Credit Suisse AG, and Alliancebernstein L.P.. Company insiders that have sold Luther Burbank company stock in the last year include Jack W Krouskup, Liana Prieto, and Tammy Mahoney.
View insider buying and selling activity for Luther Burbank
or view top insider-selling stocks.

Which institutional investors are buying Luther Burbank stock?

LBC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, Zebra Capital Management LLC, Dimensional Fund Advisors LP, HRT Financial LP, Strs Ohio, and D. E. Shaw & Co. Inc.. Company insiders that have bought Luther Burbank stock in the last two years include John C Erickson, Simone Lagomarsino, and Thomas C Wajnert.
View insider buying and selling activity for Luther Burbank
or or view top insider-buying stocks.

How do I buy shares of Luther Burbank?

Shares of LBC 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 $11.59.

How much money does Luther Burbank make?

Luther Burbank has a market capitalization of $605.16 million and generates $243.91 million in revenue each year. The company earns $39.91 million in net income (profit) each year or $0.89 on an earnings per share basis.

How many employees does Luther Burbank have?

Luther Burbank employs 280 workers across the globe.

What is Luther Burbank's official website?

The official website for Luther Burbank is www.lutherburbanksavings.com.

Where are Luther Burbank's headquarters?

Luther Burbank is headquartered at 520 Third Street Fourth Floor, Santa Rosa CA, 95401.

How can I contact Luther Burbank?

Luther Burbank's mailing address is 520 Third Street Fourth Floor, Santa Rosa CA, 95401. The company can be reached via phone at 844-446-8201 or via email at [email protected]


This page was last updated on 6/20/2021 by MarketBeat.com Staff
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