Zacks Investment Research downgraded shares of Luther Burbank (NASDAQ:LBC) from a buy rating to a hold rating in a research report released on Thursday morning.
According to Zacks, “Luther Burbank Corporation is a bank holding company which operates through its subsidiary, Luther Burbank Savings. It offers commercial banking products and services to real estate investors, entrepreneurs, high net worth individuals and commercial businesses. The Bank’s principal lending products are real estate secured loans, primarily on smaller, existing multifamily residential properties. Luther Burbank Corporation is headquartered in Santa Rosa, California. “
Shares of Luther Burbank stock opened at $12.01 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $679.36 and a PE ratio of 8.46. Luther Burbank has a 12 month low of $11.50 and a 12 month high of $13.60.
Luther Burbank Company Profile
Luther Burbank Corp. operates as a bank holding company. The company operates through its subsidiary, Luther Burbank Savings. It accepts deposits from general public and invests those funds in real estate loans, including permanent mortgage and construction loan. Luther Burbank was founded on May 14, 1991 and is headquartered in Santa Rosa, CA.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Luther Burbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luther Burbank and related companies with MarketBeat.com's FREE daily email newsletter.