Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Customers Bancorp (NYSE:CUBI) Stock

Customers Bancorp (NYSE:CUBI - Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $65.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank's stock.

A number of other analysts have also recently commented on the company. B. Riley boosted their price target on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen cut Customers Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.33.

Customers Bancorp Trading Up 0.9%

Shares of CUBI traded up $0.56 during trading hours on Friday, hitting $64.03. The company had a trading volume of 285,006 shares, compared to its average volume of 355,169. The firm has a market cap of $2.02 billion, a P/E ratio of 16.13 and a beta of 1.55. Customers Bancorp has a 52-week low of $40.75 and a 52-week high of $68.49. The stock's 50 day moving average price is $54.79 and its 200 day moving average price is $52.13. 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 (NYSE:CUBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) 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 company had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. During the same quarter in the previous year, the business earned $1.68 EPS. On average, research analysts predict that Customers Bancorp will post 6.45 EPS for the current year.

Institutional Investors Weigh In On Customers Bancorp

A number of large investors have recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake 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 acquiring an additional 189 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Customers Bancorp by 5.3% during the 1st 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. grew its stake in Customers Bancorp by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after acquiring an additional 254 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Customers Bancorp by 3.8% in the first quarter. Nisa Investment Advisors LLC now owns 7,422 shares of the bank's stock worth $373,000 after acquiring an additional 270 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Customers Bancorp by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock worth $95,000 after purchasing an additional 403 shares in the last quarter. 89.29% of the stock is currently 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.