Customers Bancorp, Inc (NYSE:CUBI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Customers Bancorp, Inc (NYSE:CUBI) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $83.6667.

CUBI has been the topic of a number of analyst reports. Hovde Group increased their price target on Customers Bancorp from $70.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Zacks Research raised Customers Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Morgan Stanley started coverage on Customers Bancorp in a research note on Monday, December 8th. They issued an “equal weight” rating and a $90.00 price target for the company. B. Riley reiterated a “buy” rating on shares of Customers Bancorp in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Customers Bancorp in a report on Monday.

Customers Bancorp Price Performance

NYSE:CUBI opened at $75.75 on Friday. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $78.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $69.51 and its 200 day simple moving average is $65.75. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 15.36 and a beta of 1.61.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Monday, September 8th. The bank reported $1.80 earnings per share (EPS) for the quarter. Customers Bancorp had a net margin of 12.43% and a return on equity of 13.24%. The firm had revenue of $206.82 million during the quarter. As a group, sell-side analysts predict that Customers Bancorp will post 6.45 earnings per share for the current year.

Insider Activity at Customers Bancorp

In other news, Director Bernard Bennett Banks sold 9,000 shares of Customers Bancorp stock in a transaction on Friday, November 7th. The stock was sold at an average price of $66.93, for a total value of $602,370.00. Following the transaction, the director owned 7,524 shares in the company, valued at approximately $503,581.32. This trade represents a 54.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Watkins sold 2,900 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.04, for a total value of $188,616.00. Following the transaction, the executive vice president directly owned 50,849 shares of the company’s stock, valued at $3,307,218.96. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 211,900 shares of company stock valued at $14,595,664 over the last three months. 8.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its holdings in shares of Customers Bancorp by 95.2% in the first quarter. Raymond James Financial Inc. now owns 101,999 shares of the bank’s stock worth $5,120,000 after acquiring an additional 49,755 shares during the last quarter. Walleye Capital LLC increased its position in Customers Bancorp by 71.8% during the 1st quarter. Walleye Capital LLC now owns 10,983 shares of the bank’s stock worth $551,000 after purchasing an additional 4,589 shares in the last quarter. Trexquant Investment LP boosted its position in Customers Bancorp by 207.1% in the first quarter. Trexquant Investment LP now owns 107,559 shares of the bank’s stock valued at $5,399,000 after buying an additional 72,540 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in Customers Bancorp by 164.9% in the first quarter. Cubist Systematic Strategies LLC now owns 78,561 shares of the bank’s stock valued at $3,944,000 after buying an additional 48,903 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Customers Bancorp by 11.5% in the first quarter. Royal Bank of Canada now owns 5,344 shares of the bank’s stock valued at $269,000 after buying an additional 553 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Customers Bancorp Company Profile

Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.