Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for individuals, entrepreneurs, professionals, and businesses in the United States. 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; and single family residential loans. In addition, the company offers ATM machines, debit cards, and online and mobile banking services. As of January 25, 2018, it had nine banking branch locations in Northern and Southern California; and eight lending offices in California, Seattle, Washington, and Portland, Oregon. Further, the company engages in the real estate investment activities; and issues trust preferred securities. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:LBC
CUSIPN/A
Phone844-446-8201
Debt
Debt-to-Equity Ratio2.37
Current Ratio1.31
Quick Ratio1.31
Price-To-Earnings
Trailing P/E Ratio8.06
Forward P/E Ratio13.78
P/E Growth1.38
Sales & Book Value
Annual Sales$181.74 million
Price / Sales3.56
Cash Flow$1.1843 per share
Price / Cash9.66
Book Value$9.80 per share
Price / Book1.17
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees266
Outstanding Shares56,560,000
Market Cap$648.75
Luther Burbank (NASDAQ:LBC) Frequently Asked Questions
What is Luther Burbank's stock symbol?
Luther Burbank trades on the NASDAQ under the ticker symbol "LBC."
How often does Luther Burbank pay dividends? What is the dividend yield for Luther Burbank?
Luther Burbank announced a quarterly dividend on Friday, April 27th. Stockholders of record on Monday, May 7th will be given a dividend of $0.0575 per share on Thursday, May 17th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, May 4th. View Luther Burbank's Dividend History.
How were Luther Burbank's earnings last quarter?
Luther Burbank Corp (NASDAQ:LBC) issued its earnings results on Thursday, April, 26th. The company reported $0.20 EPS for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.02. The business earned $31.49 million during the quarter, compared to analysts' expectations of $29.80 million. View Luther Burbank's Earnings History.
When is Luther Burbank's next earnings date?
What price target have analysts set for LBC?
2 brokerages have issued 12-month price targets for Luther Burbank's shares. Their predictions range from $13.00 to $13.00. On average, they anticipate Luther Burbank's share price to reach $13.00 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Ratings for Luther Burbank.
What is the consensus analysts' recommendation for Luther Burbank?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luther Burbank in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
Who are some of Luther Burbank's key competitors?
Some companies that are related to Luther Burbank include CVB Financial (CVBF), United Community Banks (UCBI), Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Independent Bank (INDB), Renasant (RNST), Hilltop (HTH), Banner (BANR), Ameris Bancorp (ABCB), Independent Bank Group (IBTX), Eagle Bancorp (EGBN), Heartland Financial USA (HTLF) and Pacific Premier Bancorp (PPBI).
Who are Luther Burbank's key executives?
Luther Burbank's management team includes the folowing people:
- Mr. John G. Biggs, Pres, CEO & Director (Age 63)
- Ms. Laura Tarantino, Exec. VP & CFO (Age 53)
- Ms. Liana R. Prieto J.D., Exec. VP, Gen. Counsel & Corp. Sec. (Age 39)
- Mr. Scott Frazee, Sr. VP & Director of Operations (Age 53)
- Mr. Mark Severson, Investor Relations
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 acted as the underwriters for the IPO and D.A. Davidson & Co. was co-manager.
When did Luther Burbank's lock-up period expire?
Luther Burbank's lock-up period expired on Wednesday, June 6th. Luther Burbank had issued 12,150,000 shares in its initial public offering on December 8th. The total size of the offering was $130,612,500 based on an initial share price of $10.75. Since the expiration of Luther Burbank's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.
Has Luther Burbank been receiving favorable news coverage?
News articles about LBC stock have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Luther Burbank earned a news sentiment score of 0.05 on Accern's scale. They also gave media stories about the company an impact score of 46.34 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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, Scottrade, Fidelity and Charles Schwab.
What is Luther Burbank's stock price today?
One share of LBC stock can currently be purchased for approximately $11.44.
How big of a company is Luther Burbank?
Luther Burbank has a market capitalization of $648.75 million and generates $181.74 million in revenue each year. The company earns $69.38 million in net income (profit) each year or $1.42 on an earnings per share basis. Luther Burbank employs 266 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 company can be reached via phone at 844-446-8201 or via email at [email protected]
MarketBeat Community Rating for Luther Burbank (NASDAQ LBC)
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.
