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

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

CUBI has been the subject of several other research reports. Keefe, Bruyette & Woods dropped their target price on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. B. Riley upped their price objective on Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Customers Bancorp currently has a consensus rating of "Hold" and a consensus target price of $64.00.

Customers Bancorp Trading Up 3.1%

Shares of CUBI stock traded up $1.68 on Friday, reaching $55.59. 320,934 shares of the stock were exchanged, compared to its average volume of 351,939. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.96 and a quick ratio of 0.96. Customers Bancorp has a one year low of $40.75 and a one year high of $68.49. The stock has a market cap of $1.76 billion, a PE ratio of 14.00 and a beta of 1.53. The stock has a 50 day moving average price of $50.86 and a 200 day moving average price of $51.02.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its 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. The company had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a net margin of 10.51% and a return on equity of 11.64%. During the same period in the prior year, the company posted $1.68 EPS. Equities research analysts forecast that Customers Bancorp will post 6.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Customers Bancorp

Large investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its holdings in Customers Bancorp by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after purchasing an additional 189 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Customers Bancorp in the 1st quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Customers Bancorp during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its stake in shares of Customers Bancorp by 323.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after acquiring an additional 1,255 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Customers Bancorp by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after purchasing an additional 403 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

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.