Zacks Investment Research · Feb 14, 2024
WAFD Rewards its Shareholders With a 4% Dividend Increase
WAFD announces a quarterly dividend hike of 4% to 26 cents per share. Given the strong liquidity and balance sheet position, this looks sustainable.
LB
NASDAQ · LBC
Luther Burbank Corporation
Financial Services · Banks - Regional
$9.15
Up+$0.05 (+0.55%)
Updated Aug 13, 2026, 9:10 PM
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Institutional and insider signal
- Market cap
- 466.8M
- P/E ratio
- 5.79
- Dividend yield
- 0.00%
- 52-week range
- — – —
- Volume
- 312.19K
- Avg. volume
- 39.83K
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Stock researchCompany · Overview
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Overview
Company profile and research snapshot.
Company profile
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. As of December 31, 2021, it operated ten full service branches in California located in Sonoma, Marin, Santa Clara, and Los Angeles Counties; one full service branch in Washington located in King County; six loan production offices located throughout California; and a loan production office in Clackamas County, Oregon. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- —
- Average target
- —
- Implied upside
- —
- Analysts
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| Date | Firm | Rating | Target |
|---|---|---|---|
| Mar 5, 2024 | Keefe, Bruyette & Woods | Not Rated | — |
| Nov 21, 2023 | Keefe, Bruyette & Woods | Outperform | — |
| May 18, 2023 | Keefe, Bruyette & Woods | Market Perform | — |
| Jan 27, 2022 | DA Davidson | Neutral | — |
| Oct 1, 2020 | Piper Sandler | Neutral | — |
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Zacks Investment Research · Feb 12, 2024
Barclays (BCS) to Acquire Tesco's Retail Banking Business
Barclays (BCS) announces a deal to acquire Tesco's retail banking business. This will likely bolster the company's market share in the U.K.
Zacks Investment Research · Jan 31, 2024
WaFd (WAFD)-Luther Burbank (LBC) Merger Gets Regulatory Nod
The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.
GlobeNewswire Inc. · Jan 30, 2024
WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
SEATTLE, Jan. 30, 2024 (GLOBE NEWSWIRE) -- WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, Inc., on the terms and subject to the conditions of the Agreement and Plan of Reorganization, dated as of November 13, 2022, by and between Luther Burbank and WaFd (the “Merger Agreement”). This merger will expand WaFd Bank’s footprint to nine western states with the addition of ten California branches of Luther Burbank.
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