Luther Burbank Corporation with ticker code (LBC) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 12 and 10.5 calculating the mean target price we have 11.5. Now with the previous closing price of 9.48 this would indicate that there is a potential upside of 21.3%. There is a 50 day moving average of 9.87 while the 200 day moving average is 10.11. The company has a market capitalisation of $499m. Visit the company website at: http://www.lutherburbanksavings.com
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, 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 April 10, 2020, it had operations in California, Oregon, and Washington through ten branches in California; 1 branch in Washington; and 8 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.