Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Customers Bancorp, Inc. (NYSE:CUBI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $64.00.

A number of analysts recently issued reports on the stock. Maxim Group increased their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Stephens reiterated an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. DA Davidson increased their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on shares of 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. Finally, B. Riley lifted their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, May 16th.

Customers Bancorp Stock Down 4.6%

Shares of CUBI opened at $51.34 on Friday. The firm has a market cap of $1.62 billion, a PE ratio of 10.11 and a beta of 1.51. The company's fifty day moving average is $49.37 and its two-hundred day moving average is $51.56. Customers Bancorp has a fifty-two week low of $40.75 and a fifty-two week high of $68.49. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping 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 business had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. During the same period last year, the company posted $1.68 EPS. Analysts forecast that Customers Bancorp will post 6.45 earnings per share for the current year.

Institutional Trading of Customers Bancorp

Large investors have recently modified their holdings of the business. Picton Mahoney Asset Management boosted its holdings in Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after purchasing an additional 189 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Customers Bancorp in the 1st quarter valued at approximately $37,000. R Squared Ltd purchased a new position in shares of Customers Bancorp during the 4th quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Customers Bancorp during the fourth quarter worth approximately $46,000. Finally, KBC Group NV increased its stake in shares of Customers Bancorp by 82.8% in the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after buying an additional 677 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.