Luther Burbank is a bank holding company. Through its subsidiary, Co. accepts deposits from the general public and invests those funds in a variety of loans, including permanent mortgage loans and construction loans secured by residential, multifamily, and commercial real estate. The primary components of Co.'s loan portfolio are multifamily and commercial real estate loans and single family residential loans, primarily jumbo loans which do not meet the requirements for conforming loans. Co. provides a range of deposit products for individuals and businesses, including interest and noninterest-bearing transaction accounts, certificates of deposit and money market accounts. We show 26 historical shares outstanding datapoints in our LBC shares outstanding history coverage, used to compute LBC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LBC market cap history over the course of time is important for investors
interested in comparing LBC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LBC versus a peer is one thing; comparing
LBC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LBC can fluctuate over the course of history.
With this page we aim to empower investors researching LBC by allowing them to research the LBC market cap history. |
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Video: The Importance of Market Cap
