Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Rating of “Buy” by Analysts

Shares of Customers Bancorp, Inc. (NYSE:CUBIGet Rating) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $72.36.

A number of equities analysts have issued reports on the company. B. Riley lowered their price target on Customers Bancorp from $100.00 to $90.00 in a research report on Tuesday, April 12th. Wedbush increased their target price on Customers Bancorp from $75.00 to $80.00 in a report on Wednesday, January 26th. StockNews.com started coverage on Customers Bancorp in a report on Thursday, March 31st. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised Customers Bancorp from a “market perform” rating to an “outperform” rating and increased their target price for the company from $72.00 to $80.00 in a report on Monday, March 28th. Finally, Maxim Group increased their target price on Customers Bancorp from $75.00 to $85.00 in a report on Wednesday, January 26th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUBI. Victory Capital Management Inc. lifted its holdings in shares of Customers Bancorp by 501.5% in the 4th quarter. Victory Capital Management Inc. now owns 570,420 shares of the bank’s stock valued at $37,288,000 after purchasing an additional 475,590 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Customers Bancorp by 258.6% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 520,600 shares of the bank’s stock valued at $34,032,000 after purchasing an additional 375,419 shares during the last quarter. Emerald Advisers LLC lifted its holdings in shares of Customers Bancorp by 4,060.0% in the 4th quarter. Emerald Advisers LLC now owns 333,636 shares of the bank’s stock valued at $21,810,000 after purchasing an additional 325,616 shares during the last quarter. Toroso Investments LLC purchased a new stake in shares of Customers Bancorp in the 4th quarter valued at about $14,603,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Customers Bancorp by 97.0% in the 3rd quarter. Nordea Investment Management AB now owns 418,154 shares of the bank’s stock valued at $18,106,000 after purchasing an additional 205,867 shares during the last quarter. 83.73% of the stock is owned by hedge funds and other institutional investors.

Customers Bancorp stock opened at $44.08 on Friday. Customers Bancorp has a fifty-two week low of $29.17 and a fifty-two week high of $76.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $1.45 billion, a PE ratio of 4.98 and a beta of 1.54. The business’s 50-day simple moving average is $55.36 and its two-hundred day simple moving average is $57.04.

Customers Bancorp (NYSE:CUBIGet Rating) last issued its earnings results on Monday, January 24th. The bank reported $2.92 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.02). Customers Bancorp had a return on equity of 32.38% and a net margin of 36.64%. The company had revenue of $210.69 million during the quarter, compared to analysts’ expectations of $225.40 million. During the same quarter in the previous year, the company earned $1.65 EPS. As a group, analysts predict that Customers Bancorp will post 6.56 EPS for the current fiscal year.

About Customers Bancorp (Get Rating)

Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans.

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Analyst Recommendations for Customers Bancorp (NYSE:CUBI)

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