Customers Bancorp (NYSE:CUBI) Stock Rating Upgraded by Wall Street Zen

Customers Bancorp (NYSE:CUBI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods cut their price objective on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. B. Riley lifted their price objective on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Customers Bancorp Stock Performance

CUBI stock traded up $1.61 during mid-day trading on Friday, reaching $52.33. The company had a trading volume of 172,438 shares, compared to its average volume of 357,741. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.65 billion, a P/E ratio of 10.30 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 stock's 50-day simple moving average is $49.33 and its two-hundred day simple moving average is $51.39.

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 net margin of 13.07% and a return on equity of 12.29%. The business had revenue of $194.28 million for the quarter, compared to analysts' expectations of $165.24 million. During the same period in the previous year, the business earned $1.68 earnings per share. Research analysts anticipate that Customers Bancorp will post 6.45 EPS for the current year.

Institutional Trading of Customers Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of CUBI. Picton Mahoney Asset Management increased its holdings in shares of Customers Bancorp by 47.7% in the 4th 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. EP Wealth Advisors LLC boosted its position in Customers Bancorp by 5.3% during the first quarter. EP Wealth Advisors LLC now owns 4,431 shares of the bank's stock worth $222,000 after purchasing an additional 223 shares during the period. Summit Investment Advisors Inc. boosted its position in Customers Bancorp by 8.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock worth $151,000 after purchasing an additional 254 shares during the period. Nisa Investment Advisors LLC boosted its position in Customers Bancorp by 3.8% during the first quarter. Nisa Investment Advisors LLC now owns 7,422 shares of the bank's stock worth $373,000 after purchasing an additional 270 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Customers Bancorp by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock worth $473,000 after purchasing an additional 302 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.

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