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

Key Points

• Customers Bancorp, Inc has received an average rating of "Moderate Buy" from analysts, with an average 12-month target price of $76.88.
• Institutional investors hold 89.29% of Customers Bancorp's stock, with significant recent purchases from firms like Assenagon Asset Management and Tower Research Capital.
• For the latest quarter, Customers Bancorp reported an earnings per share (EPS) of $1.80 and a return on equity of 11.98%, with projected EPS of 6.45 for the current year.

Customers Bancorp, Inc (NYSE:CUBI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $76.8750.

Several research firms recently commented on CUBI. National Bankshares set a $89.00 target price on Customers Bancorp in a research note on Wednesday, September 24th. TD Cowen assumed coverage on Customers Bancorp in a report on Thursday, September 25th. They issued a "buy" rating and a $89.00 price target on the stock. Cowen assumed coverage on Customers Bancorp in a report on Wednesday, September 24th. They issued a "buy" rating on the stock. DA Davidson increased their price target on Customers Bancorp from $69.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Finally, Zacks Research lowered Customers Bancorp from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in Customers Bancorp by 29.0% in the third quarter. Assenagon Asset Management S.A. now owns 290,919 shares of the bank's stock worth $19,017,000 after acquiring an additional 65,382 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Customers Bancorp by 8.3% in the second quarter. Texas Permanent School Fund Corp now owns 62,862 shares of the bank's stock valued at $3,693,000 after purchasing an additional 4,806 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Customers Bancorp by 24.8% in the second quarter. Osaic Holdings Inc. now owns 2,121 shares of the bank's stock valued at $124,000 after purchasing an additional 421 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Customers Bancorp by 7.3% in the second quarter. Public Sector Pension Investment Board now owns 120,225 shares of the bank's stock valued at $7,062,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Customers Bancorp by 235.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,701 shares of the bank's stock valued at $335,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

Customers Bancorp Trading Down 1.9%

NYSE CUBI opened at $63.82 on Monday. The business has a 50 day simple moving average of $66.68 and a 200 day simple moving average of $58.35. Customers Bancorp has a one year low of $40.75 and a one year high of $72.51. The stock has a market capitalization of $2.02 billion, a P/E ratio of 15.80 and a beta of 1.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Monday, September 8th. The bank reported $1.80 EPS for the quarter. Customers Bancorp had a return on equity of 11.98% and a net margin of 10.77%.The business had revenue of $206.82 million during the quarter. Research analysts expect that Customers Bancorp will post 6.45 earnings per share for the current year.

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.

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