Luther Burbank Corporation (LBC)
| 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]
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 StatementsAnalyst 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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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.
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...
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?
Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2022 and Announces Quarterly Dividend
Net income of $21.0 million, or $0.41 per diluted share.
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.
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...
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?
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...
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...
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 ...
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 wi...
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...