Customers Bancorp (NYSE:CUBI – Get Rating)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a report released on Friday, TipRanks reports. They currently have a $85.00 price target on the bank’s stock. Maxim Group’s target price suggests a potential upside of 102.04% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on CUBI. Wedbush boosted their price objective on Customers Bancorp from $75.00 to $80.00 in a report on Wednesday, January 26th. Stephens started coverage on Customers Bancorp in a research report on Monday, March 28th. They set an “equal weight” rating and a $62.50 target price for the company. Keefe, Bruyette & Woods raised Customers Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Monday, March 28th. StockNews.com started coverage on Customers Bancorp in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, B. Riley decreased their target price on Customers Bancorp from $100.00 to $90.00 in a research report on Tuesday, April 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp presently has an average rating of “Buy” and a consensus price target of $69.31.
CUBI traded down $1.47 during trading hours on Friday, reaching $42.07. 573,900 shares of the company’s stock traded hands, compared to its average volume of 374,024. The firm has a 50-day moving average price of $51.63 and a 200 day moving average price of $56.94. Customers Bancorp has a 52-week low of $33.25 and a 52-week high of $76.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.39 billion, a PE ratio of 4.20 and a beta of 1.54.
Customers Bancorp Company Profile (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.
- Get a free copy of the StockNews.com research report on Customers Bancorp (CUBI)
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