Customers Bancorp (NYSE:CUBI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Customers Bancorp (NYSE:CUBI - Free Report) from a hold rating to a sell rating in a research note released on Thursday.

A number of other analysts have also recently weighed in on CUBI. Stephens restated an "equal weight" rating and issued a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. Keefe, Bruyette & Woods dropped 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 report on Monday, April 28th. DA Davidson upped their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 27th. Maxim Group raised their price target on Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, B. Riley lifted their price objective on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $64.00.

Customers Bancorp Stock Up 2.9%

NYSE:CUBI traded up $1.47 during trading hours on Thursday, reaching $52.22. The company's stock had a trading volume of 59,594 shares, compared to its average volume of 291,878. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 10.28 and a beta of 1.51. Customers Bancorp has a one year low of $40.75 and a one year high of $68.49. The business's 50-day moving average is $49.36 and its 200-day moving average is $51.59.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its quarterly earnings data 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 12.29% and a net margin of 13.07%. The business had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. During the same period last year, the business earned $1.68 EPS. Equities research analysts predict that Customers Bancorp will post 6.45 EPS for the current year.

Hedge Funds Weigh In On Customers Bancorp

Several large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its position in shares of Customers Bancorp by 47.7% during 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 period. Jones Financial Companies Lllp acquired a new stake in Customers Bancorp during the first quarter worth $37,000. R Squared Ltd bought a new stake in Customers Bancorp in the 4th quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Customers Bancorp during the 4th quarter valued at about $46,000. Finally, KBC Group NV increased its stake in Customers Bancorp by 82.8% in the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after acquiring an additional 677 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

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.