{"id":3516,"date":"2017-12-01T11:50:11","date_gmt":"2017-12-01T16:50:11","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3516"},"modified":"2017-12-01T11:50:11","modified_gmt":"2017-12-01T16:50:11","slug":"luther-burbank-corporation-ipo-preview-lbc","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/luther-burbank-corporation-ipo-preview-lbc\/","title":{"rendered":"Luther Burbank Corporation #IPO Preview $LBC"},"content":{"rendered":"

\"LutherBurbank\"<\/a><\/p>\n

Company: Luther Burbank Corporation<\/strong>
\nSymbol: LBC
\nDescription: They are Luther Burbank Corporation, a bank holding company headquartered in Santa Rosa, Sonoma County, California.
\nShares: 11.35 million
\nPrice Range: $10.50-$12.50
\nTrade Date: 12\/8
\nUnderwriter(s): Keefe Bruyette & Woods, Sandler O’ Neill
\nCo-Manager(s): Piper Jaffray, D.A. Davidson
\nFiled: 11-27-17<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: Their principal business is providing high-value, relationship-based banking products and services to our customers, which include real estate investors, professionals, entrepreneurs, high net worth individuals and commercial businesses. They\u00a0generate most of their\u00a0revenue from interest on loans and investments. Their\u00a0primary source of funding for our loans is retail deposits and they\u00a0place secondary reliance on wholesale funding, primarily borrowings from the FHLB. Their\u00a0largest expenses are interest on deposits and borrowings along with salaries and related employee benefits. Their\u00a0principal lending products are real estate secured loans, primarily on smaller, existing multifamily residential properties, with stabilized rent rolls, and catering predominantly to low and middle income renters who are unable to afford to purchase a single family residence or condominium unit in the high demand, low supply residential markets of the West Coast, and purchase money mortgages on higher end single family residential properties.<\/p>\n

Financials:\u00a0<\/strong>Their net interest income was $94.0 million, $84.9 million and $94.6 million and their net income was $34.6 million, $35.4 million, and $52.1 million in 2014, 2015, and 2015, respectively.<\/p>\n

\"LutherFinancials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Luther Burbank Corporation Symbol: LBC Description: They are Luther Burbank Corporation, a bank holding company headquartered in Santa Rosa, Sonoma County, California. Shares: 11.35 million Price Range: $10.50-$12.50 Trade Date: 12\/8 Underwriter(s): Keefe Bruyette & Woods, Sandler O’ Neill Co-Manager(s): Piper Jaffray, D.A. Davidson Filed: 11-27-17 Link to S-1\/A Prospectus Link to Retail Roadshow[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1433],"class_list":["post-3516","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-lbc"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3516"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3516\/revisions"}],"predecessor-version":[{"id":3519,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3516\/revisions\/3519"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}