Customers Bancorp, Inc. (NYSE:CUBI) Given Average Rating of “Moderate Buy” by Analysts

Customers Bancorp, Inc. (NYSE:CUBI) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $64.00.

A number of research firms have commented on CUBI. Wall Street Zen upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. B. Riley raised their price objective on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods lowered 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 research note on Monday, April 28th.

Institutional Trading of Customers Bancorp

Several hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management increased its holdings in shares of Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock worth $28,000 after purchasing an additional 189 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Customers Bancorp during the 1st quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Customers Bancorp in the 4th quarter worth approximately $46,000. KBC Group NV boosted its position in shares of Customers Bancorp by 82.8% during the 4th 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 last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Customers Bancorp by 323.5% in the fourth 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. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Customers Bancorp Price Performance

NYSE CUBI opened at $50.62 on Tuesday. The company has a market capitalization of $1.60 billion, a PE ratio of 9.96 and a beta of 1.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The business’s fifty day moving average is $50.19 and its 200 day moving average is $51.14. Customers Bancorp has a fifty-two week low of $40.75 and a fifty-two week high of $68.49.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, topping the consensus estimate of $1.28 by $0.26. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. The firm had revenue of $194.28 million for the quarter, compared to the consensus estimate of $165.24 million. During the same quarter last year, the company earned $1.68 earnings per share. Sell-side analysts predict that Customers Bancorp will post 6.45 earnings per share for the current year.

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.