Luther Burbank Corporation with ticker code (LBC) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 17 and 16 calculating the average target price we see 16.5. With the stocks previous close at 13.81 this would indicate that there is a potential upside of 19.5%. The 50 day moving average now sits at 14.11 and the 200 moving average now moves to 12.99. The company has a market cap of $696m. Company Website: https://www.lutherburbanksavings.com
The potential market cap would be $832m based on the market concensus.
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, 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 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 December 31, 2020, it had operations in California, Oregon, and Washington through 10 branches in California; 1 branch in Washington; and 7 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.
