Luther Burbank Corporation (LBC)

NASDAQ: LBC · IEX Real-Time Price · USD
9.46
-0.13 (-1.36%)
Mar 30, 2023, 10:59 AM EDT - Market open
-1.36%
Market Cap 482.67M
Revenue (ttm) 177.76M
Net Income (ttm) 80.20M
Shares Out 51.02M
EPS (ttm) 1.57
PE Ratio 6.11
Forward PE n/a
Dividend $0.36 (3.81%)
Ex-Dividend Date Nov 3, 2022
Volume 2,146
Open 9.51
Previous Close 9.59
Day's Range 9.46 - 9.55
52-Week Range 9.08 - 13.93
Beta 0.71
Analysts Buy
Price Target 15.81 (+67.13%)
Earnings Date Apr 25, 2023

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]

Sector Financials
IPO Date Dec 8, 2017
Employees 288
Stock Exchange NASDAQ
Ticker Symbol LBC
Full Company Profile

Financial Performance

In 2022, Luther Burbank's revenue was $177.76 million, a decrease of -2.94% compared to the previous year's $183.15 million. Earnings were $80.20 million, a decrease of -8.61%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for LBC stock is "Buy." The 12-month stock price forecast is $15.81, which is an increase of 67.13% from the latest price.

Price Target
$15.81
(67.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

LUTHER BURBANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Luther Burbank Corporation - LBC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Luther Burbank C...

Other symbols: WAFD
20 hours ago - Business Wire

Luther Burbank Corporation Reports Earnings for the Quarter and Year Ended December 31, 2022

SANTA ROSA, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income o...

2 months ago - GlobeNewsWire

Should Value Investors Buy Luther Burbank (LBC) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

4 months ago - Zacks Investment Research

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Luther Burbank Corporation Buyout

Wilmington, Delaware--(Newsfile Corp. - November 21, 2022) - Rigrodsky Law, P.A. is investigating Luther Burbank Corporation ("Luther") (NASDAQ: LBC) regarding possible breaches of fiduciary duties an...

4 months ago - Newsfile Corp

Are Investors Undervaluing Luther Burbank (LBC) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

4 months ago - Zacks Investment Research

Shareholder Alert: Ademi LLP investigates whether Luther Burbank Corporation has obtained a Fair Price in its transaction with Washington Federal

MILWAUKEE , Nov. 15, 2022 /PRNewswire/ -- Ademi LLP is investigating Luther Burbank (NASDAQ: LBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Washington...

4 months ago - PRNewsWire

STOCKHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Luther Burbank Corp. - LBC

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm ra...

4 months ago - PRNewsWire

SHAREHOLDER ALERT: Weiss Law Investigates Washington Federal, Inc.

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Washington Federal, Inc. ("Washington F...

Other symbols: WAFD
4 months ago - PRNewsWire

LUTHER BURBANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Luther Burbank Corporation - LBC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Luther Burbank...

Other symbols: WAFD
4 months ago - Business Wire

SHAREHOLDER ALERT: Weiss Law Investigates Luther Burbank Corporation

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Luther Burbank Corporation ("Luther Bur...

Other symbols: WAFD
4 months ago - PRNewsWire

LBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Luther Burbank Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Luther Burbank Corporation (NASDAQ: LBC) to Washington Federal, Inc. for 0.3353 shares ...

4 months ago - Business Wire

Washington Federal (WAFD) to Buy Luther (LBC), Enter California

Washington Federal (WAFD) is foraying into the "fast-growing" California market with a deal to acquire Luther Burbank (LBC) for $654 million.

Other symbols: WAFD
4 months ago - Zacks Investment Research

Washington Federal, Inc. and Luther Burbank Corporation Announce Definitive Merger Agreement to Form a $29 Billion Asset Western US Bank

SEATTLE--(BUSINESS WIRE)--Washington Federal, Inc. (NASDAQ: WAFD, “Washington Federal”) and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”) jointly announced today the signing of a defini...

Other symbols: WAFD
4 months ago - Business Wire

Luther Burbank (LBC) Tops Q3 Earnings and Revenue Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 7.89% and 3.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Analysts Estimate Luther Burbank (LBC) to Report a Decline in Earnings: What to Look Out for

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.

5 months ago - Zacks Investment Research

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

SANTA ROSA, Calif., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announced today that it wil...

6 months ago - GlobeNewsWire

Luther Burbank (LBC) Tops Q2 Earnings and Revenue Estimates

Luther Burbank (LBC) delivered earnings and revenue surprises of 18.92% and 5.59%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2022 and Announces Quarterly Dividend

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

8 months ago - GlobeNewsWire

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

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

9 months ago - GlobeNewsWire

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?

1 year ago - Zacks Investment Research

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 ...

1 year ago - GlobeNewsWire

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.

1 year ago - Zacks Investment Research

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 wi...

1 year ago - GlobeNewsWire

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

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 Lu...

1 year ago - GlobeNewsWire