Customers Bancorp, Inc. (NYSE:CUBI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Customers Bancorp, Inc. (NYSE:CUBI - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $64.00.

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

Customers Bancorp Stock Performance

Shares of NYSE:CUBI traded up $0.55 during trading on Tuesday, reaching $53.32. 300,375 shares of the stock were exchanged, compared to its average volume of 357,237. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $49.36 and a 200-day moving average price of $51.32. Customers Bancorp has a 12 month low of $40.75 and a 12 month high of $68.49. The firm has a market cap of $1.68 billion, a PE ratio of 10.50 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, topping the consensus estimate of $1.28 by $0.26. The company had revenue of $194.28 million for the quarter, compared to analysts' expectations of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period last year, the firm earned $1.68 earnings per share. Research analysts expect that Customers Bancorp will post 6.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Customers Bancorp

Large investors have recently bought and sold shares of the company. Militia Capital Partners LP grew its holdings in shares of Customers Bancorp by 255.6% during the first quarter. Militia Capital Partners LP now owns 16,000 shares of the bank's stock worth $803,000 after purchasing an additional 11,500 shares during the last quarter. Intech Investment Management LLC boosted its position in Customers Bancorp by 20.3% during the 1st quarter. Intech Investment Management LLC now owns 67,262 shares of the bank's stock worth $3,377,000 after buying an additional 11,346 shares during the period. Jones Financial Companies Lllp bought a new stake in Customers Bancorp during the 1st quarter worth approximately $37,000. Shellback Capital LP grew its holdings in Customers Bancorp by 20.8% during the 1st quarter. Shellback Capital LP now owns 130,423 shares of the bank's stock worth $6,547,000 after acquiring an additional 22,423 shares during the last quarter. Finally, Millennium Management LLC increased its position in Customers Bancorp by 71.4% in the 1st quarter. Millennium Management LLC now owns 274,730 shares of the bank's stock valued at $13,791,000 after acquiring an additional 114,430 shares during the period. 89.29% of the stock is currently owned by 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.