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

Key Points

• Analysts have given Customers Bancorp an average rating of "Moderate Buy" from 11 firms (1 sell, 3 hold, 5 buy, 2 strong buy) with an average 12‑month price target of $88.18.
• The bank beat Q4 estimates with $2.06 EPS (vs. $2.04 est.) and $236.9M revenue (vs. $200.38M est.); the stock trades at a market cap of $2.28B, P/E of 10.74, and a 52‑week range of $40.75–$82.56.
• Management authorized a $100.00 million share buyback (up to ~4% of shares), and institutional investors own roughly 89.29% of the company with several funds increasing holdings recently.

Customers Bancorp, Inc (NYSE:CUBI - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $88.1818.

A number of equities research analysts recently weighed in on CUBI shares. Weiss Ratings raised shares of Customers Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Morgan Stanley lifted their target price on shares of Customers Bancorp from $90.00 to $92.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. Stephens downgraded Customers Bancorp from an "equal weight" rating to an "underweight" rating and set a $71.00 price target on the stock. in a research note on Friday, February 6th. Maxim Group set a $100.00 price target on Customers Bancorp in a research report on Monday, January 26th. Finally, Zacks Research raised Customers Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 26th.

Customers Bancorp Stock Down 0.6%

NYSE:CUBI opened at $66.59 on Thursday. The stock's fifty day moving average price is $74.36 and its two-hundred day moving average price is $70.62. Customers Bancorp has a 52-week low of $40.75 and a 52-week high of $82.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 10.74 and a beta of 1.66.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $2.06 EPS for the quarter, beating the consensus estimate of $2.04 by $0.02. The company had revenue of $236.90 million during the quarter, compared to analysts' expectations of $200.38 million. Customers Bancorp had a return on equity of 14.05% and a net margin of 15.15%.During the same period last year, the firm earned $1.36 EPS. On average, analysts anticipate that Customers Bancorp will post 6.45 EPS for the current year.

Customers Bancorp declared that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to buy up to 4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Institutional Trading of Customers Bancorp

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Customers Bancorp by 11.5% during the first quarter. Royal Bank of Canada now owns 5,344 shares of the bank's stock valued at $269,000 after purchasing an additional 553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Customers Bancorp by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,625 shares of the bank's stock worth $885,000 after purchasing an additional 786 shares in the last quarter. Millennium Management LLC grew its holdings in shares of 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 buying an additional 114,430 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Customers Bancorp in the 1st quarter valued at $37,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Customers Bancorp by 17.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,328 shares of the bank's stock valued at $1,312,000 after buying an additional 3,253 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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