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NASDAQ:LBC

Luther Burbank Stock Forecast, Price & News

$10.33
+0.19 (+1.87 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$10.14
Now: $10.33▼
$10.35
50-Day Range
$9.21
MA: $9.92▼
$10.92
52-Week Range
$6.76
Now: $10.33▼
$11.85
Volume22,307 shs
Average Volume75,931 shs
Market Capitalization$541.40 million
P/E Ratio12.75
Dividend Yield2.27%
Beta0.84
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.
Luther Burbank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.94 out of 5 stars


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
Employees285

Debt

Debt-to-Equity Ratio1.84
Current Ratio1.20
Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio12.75
Forward P/E Ratio12.01
P/E GrowthN/A

Sales & Book Value

Annual Sales$271.82 million
Price / Sales1.99
Cash Flow$1.20 per share
Price / Cash Flow8.58
Book Value$11.62 per share
Price / Book0.89

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$541.40 million
Next Earnings Date1/26/2021 (Estimated)
OptionableNot Optionable
$10.33
+0.19 (+1.87 %)
(As of 12/4/2020 12:00 AM 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 price been impacted by Coronavirus (COVID-19)?

Luther Burbank's stock was trading at $8.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LBC shares have increased by 19.8% and is now trading at $10.33.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Luther Burbank?

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, resulting in a consensus recommendation of "Buy."
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 winning trading ideas this year 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 were Luther Burbank's earnings last quarter?

Luther Burbank Co. (NASDAQ:LBC) posted its earnings results on Tuesday, October, 27th. The company reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.06. The company earned $36.70 million during the quarter, compared to the consensus estimate of $35.20 million. Luther Burbank had a net margin of 17.18% and a return on equity of 7.21%.
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 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, November 5th.
View Luther Burbank's dividend history.

What price target have analysts set for LBC?

3 Wall Street analysts have issued 1 year target prices for Luther Burbank's stock. Their forecasts range from $9.50 to $12.00. On average, they anticipate Luther Burbank's share price to reach $10.83 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Luther Burbank.

Are investors shorting Luther Burbank?

Luther Burbank saw a decline in short interest in October. As of October 30th, there was short interest totaling 189,100 shares, a decline of 13.6% from the October 15th total of 218,900 shares. Based on an average daily trading volume, of 36,700 shares, the short-interest ratio is currently 5.2 days. Approximately 0.6% of the shares of the company are short sold.
View Luther Burbank's Short Interest.

Who are some of Luther Burbank's key competitors?

Some companies that are related to Luther Burbank include ServisFirst Bancshares (SFBS), First BanCorp. (FBP), Renasant (RNST), Live Oak Bancshares (LOB), TowneBank (TOWN), Banner (BANR), FB Financial (FBK), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), Triumph Bancorp (TBK), First Busey (BUSE), Veritex (VBTX) and Great Western Bancorp (GWB).
View all 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), Host Hotels & Resorts (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 59, Pay $1.61M)
  • Ms. Laura Tarantino, Exec. VP & CFO (Age 55, Pay $662.65k)
  • Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 41, Pay $717.43k)
  • Mr. Parham Medhat, Exec. VP and Chief Operations & Technology Officer
  • Mr. Bradley S. Satenberg, Investor Relations (Age 49)
  • Ms. Lisa Kepler, Sr. VP & Director of Single Family Residential Lending (Age 60)
  • Ms. Tammy Mahoney, Exec. VP & Chief Risk Officer (Age 53)
  • Mr. Alexander L. Stefani, Sr. VP & Director of Income Property Lending (Age 40)
  • Mr. John A. Cardamone, Exec. VP & Chief Credit Officer (Age 70)
  • Mr. William D. Fanter, Exec. VP & Head of Retail Banking

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 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 shareholders include BlackRock Inc. (2.56%), Maltese Capital Management LLC (1.83%), State Street Corp (0.76%), Boston Partners (0.47%), JPMorgan Chase & Co. (0.44%) and Foundry Partners LLC (0.34%). Company insiders that own Luther Burbank stock include Jack W Krouskup, John C Erickson, Liana Prieto, Simone Lagomarsino, Tammy Mahoney, Thomas C Wajnert and Victor Trione.
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 Maltese Capital Management LLC, ClariVest Asset Management LLC, New York State Common Retirement Fund, First Trust Advisors LP, Boston Partners, Acadian Asset Management LLC, JPMorgan Chase & Co., and Mackay Shields LLC. 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.

Which institutional investors are buying Luther Burbank stock?

LBC stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, WINTON GROUP Ltd, Morgan Stanley, Charles Schwab Investment Management Inc., BNP Paribas Arbitrage SA, and California Public Employees Retirement System. Company insiders that have bought Luther Burbank stock in the last two years include John C Erickson, Simone Lagomarsino, Thomas C Wajnert, and Victor Trione.
View insider buying and selling activity for Luther Burbank.

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 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 $10.33.

How big of a company is Luther Burbank?

Luther Burbank has a market capitalization of $541.40 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 285 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 12/4/2020 by MarketBeat.com Staff
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