Luther Burbank Corporation found using ticker (LBC) have now 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 16 and 15 and has a mean target at 15.5. Given that the stocks previous close was at 11.38 this would imply there is a potential upside of 36.2%. The 50 day moving average now sits at 11.56 and the 200 day moving average is 12.29. The company has a market capitalisation of $582m. Find out more information at: https://www.lutherburbanksavings.com
The potential market cap would be $792m 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, 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 a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.
