Customers Bancorp, Inc (NYSE:CUBI) Receives Consensus Rating of "Moderate Buy" from Brokerages

Customers Bancorp, Inc (NYSE:CUBI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $64.78.

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. B. Riley raised their price objective on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded Customers Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st.

Customers Bancorp Trading Up 2.2%

NYSE:CUBI opened at $65.95 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.76. Customers Bancorp has a 1-year low of $40.75 and a 1-year high of $68.49. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 16.61 and a beta of 1.55. The stock has a fifty day simple moving average of $53.44 and a 200 day simple moving average of $51.53.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.26. Customers Bancorp had a return on equity of 11.64% and a net margin of 10.51%. The business had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. During the same quarter last year, the company posted $1.68 EPS. Sell-side analysts forecast that Customers Bancorp will post 6.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CUBI. Picton Mahoney Asset Management increased its position in Customers Bancorp by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after buying an additional 189 shares during the period. Jones Financial Companies Lllp acquired a new stake in Customers Bancorp during the 1st quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Customers Bancorp in the fourth quarter valued at $46,000. Smartleaf Asset Management LLC increased its stake in shares of Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after buying an additional 1,255 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Customers Bancorp by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after buying an additional 403 shares in the last quarter. 89.29% of the stock is 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.

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