Piper Jaffray analyst Matthew Clark reiterated a Hold rating on Luther Burbank Corp (NASDAQ: LBC) yesterday and set a price target of $11. The company’s shares opened today at $9.67, close to its 52-week low of $9.23.
According to TipRanks.com, Clark is a 2-star analyst with an average return of 0.1% and a 52.5% success rate. Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, Cathay General Bancorp, and Hanmi Financial Corp.
Currently, the analyst consensus on Luther Burbank Corp is a Hold with an average price target of $11.67, a 20.7% upside from current levels. In a report issued on October 26, KBW also reiterated a Hold rating on the stock with a $12 price target.
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The company has a one-year high of $13.60 and a one-year low of $9.23. Currently, Luther Burbank Corp has an average volume of 99.74K.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LBC in relation to earlier this year.
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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.
