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

Shares of Customers Bancorp, Inc. (NYSE:CUBI) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $64.00.

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Friday. B. Riley raised their target price on Customers Bancorp from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, Keefe, Bruyette & Woods reduced their price target on Customers Bancorp from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th.

Customers Bancorp Trading Up 1.1%

CUBI opened at $52.90 on Tuesday. Customers Bancorp has a one year low of $40.75 and a one year high of $68.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The business has a 50 day simple moving average of $49.36 and a two-hundred day simple moving average of $51.32. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 10.41 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.26. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. The firm had revenue of $194.28 million for the quarter, compared to analysts’ expectations of $165.24 million. During the same period in the previous year, the firm earned $1.68 earnings per share. Analysts predict that Customers Bancorp will post 6.45 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CUBI. Millennium Management LLC increased its position in shares of Customers Bancorp by 104.1% during the fourth quarter. Millennium Management LLC now owns 160,300 shares of the bank’s stock valued at $7,803,000 after acquiring an additional 81,755 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Customers Bancorp in the 4th quarter valued at approximately $1,277,000. Envestnet Asset Management Inc. boosted its stake in Customers Bancorp by 20.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank’s stock valued at $865,000 after purchasing an additional 2,994 shares during the last quarter. Swiss National Bank increased its holdings in shares of Customers Bancorp by 1.0% in the 4th quarter. Swiss National Bank now owns 59,200 shares of the bank’s stock worth $2,882,000 after purchasing an additional 600 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Customers Bancorp in the 4th quarter worth $202,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Customers Bancorp Company Profile

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 provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.