Luther Burbank Corporation (LBC)

NASDAQ: LBC · IEX Real-Time Price · USD
13.07
-0.10 (-0.76%)
Jun 29, 2022 12:46 PM EDT - Market open
-0.76%
Market Cap 668.21M
Revenue (ttm) 189.21M
Net Income (ttm) 92.28M
Shares Out 51.13M
EPS (ttm) 1.80
PE Ratio 7.28
Forward PE n/a
Dividend $0.48 (3.67%)
Ex-Dividend Date May 5, 2022
Volume 5,768
Open 13.14
Previous Close 13.17
Day's Range 13.05 - 13.17
52-Week Range 11.77 - 15.37
Beta 0.73
Analysts Buy
Price Target 15.30 (+17.1%)
Earnings Date Jul 26, 2022

About 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 ... [Read more...]

Industry Thrifts & Mortgage Finance
IPO Date Dec 8, 2017
CEO Simone Lagomarsino
Employees 286
Stock Exchange NASDAQ
Ticker Symbol LBC
Full Company Profile

Financial Performance

In 2021, Luther Burbank's revenue was $183.15 million, an increase of 40.24% compared to the previous year's $130.59 million. Earnings were $87.75 million, an increase of 119.87%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for LBC stock is "Buy." The 12-month stock price forecast is 15.3, which is an increase of 17.06% from the latest price.

Price Target
$15.3
(17.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Luther Burbank (LBC) Q1 Earnings Beat Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 12.50% and 0.46%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2022 and Announces Quarterly Dividend

SANTA ROSA, Calif., April 26, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of...

Luther Burbank (LBC) Reports Next Week: Wall Street Expects Earnings Growth

Luther Burbank (LBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Luther Burbank Corporation Announces First Quarter 2022 Earnings Release and Conference Call Dates

SANTA ROSA, Calif., April 08, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announced today that it will...

Luther Burbank Savings Board Member Anita Gentle Newcomb Receives Lifetime Achievement Award from Auburn Alumni Assoc...

SANTA ROSA, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announces member of the Luth...

Luther Burbank (LBC) Q4 Earnings and Revenues Top Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 4.65% and 1.67%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Luther Burbank Corporation Reports Earnings for the Quarter and Year Ended December 31, 2021 and Announces Quarterly ...

Net income of $23.4 million, or $0.45 per diluted share

Luther Burbank Corporation Announces Fourth Quarter 2021 Earnings Release and Conference Call Dates

SANTA ROSA, Calif., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announced today that it will ...

Recent Price Trend in Luther Burbank (LBC) is Your Friend, Here's Why

Luther Burbank (LBC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through ...

Strength Seen in Luther Burbank (LBC): Can Its 6.6% Jump Turn into More Strength?

Luther Burbank (LBC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the...

Here's Why Momentum in Luther Burbank (LBC) Should Keep going

Luther Burbank (LBC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through ou...

Luther Burbank Corporation Names Yzaguirre to Board of Directors

SANTA ROSA, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC), the holding company for Luther Burbank Savings (“the Bank”), today announced that Mr. M. Max Yzaguirre has...

Luther Burbank (LBC) Surpasses Q3 Earnings and Revenue Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 17.07% and 4.71%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2021 and Announces Qu...

SANTA ROSA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of ...

Luther Burbank (LBC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Luther Burbank (LBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Luther Burbank Corporation Announces Third Quarter 2021 Earnings Release and Conference Call Dates

SANTA ROSA, Calif., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announced today that it will ...

Luther Burbank Savings Secures a $25,000 AHEAD Grant to Assist Seniors in Maintaining Their Homes

SANTA ROSA, Calif., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC), the holding company for Luther Burbank Savings, announced this week that it was awarded a $25,000 grant b...

How Luther Burbank (LBC) Stock Stands Out in a Strong Industry

Luther Burbank (LBC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Top Ranked Income Stocks to Buy for August 12th

LBC, HVT, ATCO, and HFWA made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 12, 2021.

Other symbols: ATCOHFWAHVT

Here's Why "Trend" Investors Would Love Betting on Luther Burbank (LBC)

Luther Burbank (LBC) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through ou...

Top Ranked Income Stocks to Buy for August 9th

EPR, TX, LBC, and AXS made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 9, 2021

Other symbols: AXSEPRTX

Earnings Estimates Moving Higher for Luther Burbank (LBC): Time to Buy?

Luther Burbank (LBC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Luther Burbank (LBC) Q2 Earnings and Revenues Top Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 24.24% and 3.01%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Recap: Luther Burbank Q2 Earnings

Shares of Luther Burbank (NASDAQ:LBC) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 127.78% over the past year to $0.41, which b...

Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2021 and Announces Increase...

SANTA ROSA, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of ...