Keefe, Bruyette & Woods Maintains Outperform Rating for Luther Burbank: Here's What You Need To Know

Keefe, Bruyette & Woods has decided to maintain its Outperform rating of Luther Burbank LBC and lower its price target from $12.75 to $11.00.

Shares of Luther Burbank are trading up 0.0% over the last 24 hours, at $8.91 per share.

A move to $11.00 would account for a 23.46% increase from the current share price.

About Luther Burbank

Luther Burbank Corp is a bank holding company. It provides real estate secured lending in metropolitan areas in the United States. The company offers a suite of mortgage and savings products designed for customers. Its personal banking products include checking and saving the account, certificate of deposits, individual retirement account, and others. The loan portfolio of the company comprises commercial multifamily real estate loans and single-family residential loans and other services. The company also provides the high-yield certificate of deposits, liquidity management, mobile business banking, and others.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.