Keefe, Bruyette & Woods Has Lowered Expectations for Customers Bancorp (NYSE:CUBI) Stock Price

Customers Bancorp (NYSE:CUBI - Get Free Report) had its price target decreased by research analysts at Keefe, Bruyette & Woods from $67.00 to $65.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 32.05% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. DA Davidson raised their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Stephens restated an "equal weight" rating and issued a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. Finally, Maxim Group boosted their price objective on Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.80.

Customers Bancorp Stock Performance

CUBI traded up $0.38 on Monday, hitting $49.23. 57,553 shares of the stock traded hands, compared to its average volume of 370,344. The business has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $50.92. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.55 billion, a PE ratio of 9.66 and a beta of 1.47. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $68.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its 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 12.29% and a net margin of 13.07%. The company had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. On average, research analysts predict that Customers Bancorp will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total value of $921,223.75. Following the completion of the sale, the insider now owns 55,211 shares in the company, valued at approximately $3,216,040.75. The trade was a 22.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay S. Sidhu sold 67,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total transaction of $3,806,940.00. Following the completion of the sale, the chief executive officer now directly owns 965,723 shares in the company, valued at approximately $54,872,380.86. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,988 shares of company stock worth $6,627,318. Corporate insiders own 6.92% of the company's stock.

Institutional Trading of Customers Bancorp

Several large investors have recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position in 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 buying an additional 189 shares during the period. R Squared Ltd purchased a new position in Customers Bancorp during the fourth quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Customers Bancorp in the fourth quarter worth $46,000. KBC Group NV boosted its stake in Customers Bancorp by 82.8% in the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after purchasing an additional 677 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Customers Bancorp by 323.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock valued at $80,000 after purchasing an additional 1,255 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

About Customers Bancorp

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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