KBW analyst Wood Lay maintained a Hold rating on Luther Burbank (LBC – Research Report) today and set a price target of $12.75. The company’s shares opened today at $8.63.
According to TipRanks, Lay is an analyst with an average return of -9.9% and a 50.00% success rate. Lay covers the Financial sector, focusing on stocks such as Bank Of Marin Bancorp, HomeStreet, and Sierra Bancorp.
The word on The Street in general, suggests a Hold analyst consensus rating for Luther Burbank with a $12.75 average price target.
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The company has a one-year high of $13.69 and a one-year low of $7.82. Currently, Luther Burbank has an average volume of 38.76K.
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Luther Burbank Corp. operates as a bank holding company. The firm 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. The company was founded on May 14, 1991 and is headquartered in Santa Rosa, CA.
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