NASDAQ:LBC

Luther Burbank Stock Forecast, Price & News

$10.19

-0.15 (-1.45 %)

(As of 01/15/2021 08:00 PM ET)

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Today's Range

$10.14

Now: $10.19▼

$10.30

50-Day Range

$9.71

MA: $10.14▼

$10.63

52-Week Range

$6.76

Now: $10.19▼

$11.85

Volume1,452 shs

Average Volume31,200 shs

Market Capitalization$534.06 million

P/E Ratio12.58

Dividend Yield2.26%

Beta0.8

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, 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 April 10, 2020, it had operations in California, Oregon, and Washington through ten branches in California; 1 branch in Washington; and 8 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.

MarketRank^™

Overall MarketRank^™

1.94 out of 5 stars

Finance Sector

276th out of 301 stocks

State Commercial Banks Industry

51st out of 60 stocks

1.3 Analyst's Opinion

Consensus Rating
Luther Burbank has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.83, Luther Burbank has a forecasted upside of 6.3% from its current price of $10.19.
Amount of Analyst Coverage
Luther Burbank has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
Luther Burbank has received 124 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Luther Burbank has received 176 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Luther Burbank has received 58.67% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Luther Burbank and other stocks. Vote “Outperform” if you believe LBC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LBC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Luther Burbank pays a meaningful dividend of 2.26%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Luther Burbank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Luther Burbank is 26.44%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 20.72% next year. This indicates that Luther Burbank will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Luther Burbank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $31,800.00 in company stock.
Percentage Held by Insiders
Only 21.12% of the stock of Luther Burbank is held by insiders.
Percentage Held by Institutions
Only 16.01% of the stock of Luther Burbank is held by institutions.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Luther Burbank are expected to grow by 29.07% in the coming year, from $0.86 to $1.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Luther Burbank is 12.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Luther Burbank is 12.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.51.
Price to Book Value per Share Ratio
Luther Burbank has a P/B Ratio of 0.93. 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

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:LBC

Previous Symbol

CUSIPN/A

CIK1475348

Webwww.lutherburbanksavings.com

Phone844-446-8201

Employees282

Debt

Debt-to-Equity Ratio1.84

Current Ratio1.20

Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio12.58

Forward P/E Ratio11.85

P/E GrowthN/A

Sales & Book Value

Annual Sales$271.82 million

Price / Sales1.96

Cash Flow$1.19 per share

Price / Cash Flow8.53

Book Value$10.97 per share

Price / Book0.93

Profitability

EPS (Most Recent Fiscal Year)$0.87

Net Income$48.86 million

Net Margins17.18%

Return on Equity7.21%

Return on Assets0.62%

Miscellaneous

Outstanding Shares52,410,000

Market Cap$534.06 million

Next Earnings Date1/26/2021 (Confirmed)

OptionableNot Optionable

$10.19

-0.15 (-1.45 %)

(As of 01/15/2021 08:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Luther Burbank (NASDAQ:LBC) Frequently Asked Questions

How has Luther Burbank's stock 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. Since then, LBC shares have increased by 18.2% and is now trading at $10.19.
View which stocks have been most impacted by COVID-19.

Is Luther Burbank a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Luther Burbank stock.
View analyst ratings for Luther Burbank or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Luther Burbank?

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

When is Luther Burbank's next earnings date?

Luther Burbank is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Luther Burbank.

How can I listen to Luther Burbank's earnings call?

Luther Burbank will be holding an earnings conference call on Tuesday, January 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Luther Burbank's earnings last quarter?

Luther Burbank Co. (NASDAQ:LBC) released its quarterly earnings results on Tuesday, October, 27th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.06. The business had revenue of $36.70 million for the quarter, compared to analyst estimates of $35.20 million. Luther Burbank had a return on equity of 7.21% and a net margin of 17.18%.
View Luther Burbank's earnings history.

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

Luther Burbank announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.058 per share on Monday, November 16th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, November 5th.
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 2.26%. The dividend payout ratio of Luther Burbank is 26.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Luther Burbank will have a dividend payout ratio of 20.72% 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?

3 brokerages have issued 12 month price targets for Luther Burbank's stock. Their forecasts range from $9.50 to $12.00. On average, they expect Luther Burbank's stock price to reach $10.83 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
View analysts' price targets for Luther Burbank or view Wall Street analyst' top-rated stocks.

Who are some of Luther Burbank's key competitors?

Some companies that are related to Luther Burbank include Renasant (RNST), Live Oak Bancshares (LOB), TowneBank (TOWN), Seacoast Banking Co. of Florida (SBCF), Banner (BANR), FB Financial (FBK), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Triumph Bancorp (TBK), Eagle Bancorp (EGBN), Veritex (VBTX), Great Western Bancorp (GWB), First Busey (BUSE), Silvergate Capital (SI) and TriCo Bancshares (TCBK).
View all of LBC's 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).

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 $1.61M)
Ms. Laura Tarantino, Exec. VP & CFO (Age 56, Pay $662.65k)
Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 42, Pay $717.43k)
Mr. Parham Medhat, Exec. VP and Chief Operations & Technology Officer
Mr. Bradley S. Satenberg, Investor Relations (Age 50)
Ms. Lisa Kepler, Sr. VP & Director of Single Family Residential Lending (Age 61)
Ms. Tammy Mahoney, Exec. VP & Chief Risk Officer (Age 54)
Mr. Alexander L. Stefani, Sr. VP & Director of Income Property Lending (Age 41)
Mr. William D. Fanter, Exec. VP & Head of Retail Banking
Mr. Mike Stedman, Exec. VP & Chief Credit Officer

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 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.

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 investors include Wedge Capital Management L L P NC (0.07%). 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 major investors are selling Luther Burbank stock?

LBC stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have sold Luther Burbank company stock in the last year include Jack W Krouskup, and Tammy Mahoney.
View insider buying and selling activity for Luther Burbank or view top insider-selling 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.

What is Luther Burbank's stock price today?

One share of LBC stock can currently be purchased for approximately $10.19.

How big of a company is Luther Burbank?

Luther Burbank has a market capitalization of $534.06 million and generates $271.82 million in revenue each year. The company earns $48.86 million in net income (profit) each year or $0.87 on an earnings per share basis. Luther Burbank employs 282 workers across the globe.

What is Luther Burbank's official website?

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

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 1/18/2021 by MarketBeat.com Staff

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