Analysts Set Customers Bancorp, Inc (NYSE:CUBI) Price Target at $76.88

Shares of Customers Bancorp, Inc (NYSE:CUBI) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $76.8750.

Several brokerages have recently commented on CUBI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Customers Bancorp in a research report on Wednesday, October 8th. B. Riley lifted their price target on shares of Customers Bancorp from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. TD Cowen initiated coverage on shares of Customers Bancorp in a research report on Thursday, September 25th. They issued a “buy” rating and a $89.00 price target for the company. Wall Street Zen raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Zacks Research downgraded shares of Customers Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th.

Institutional Trading of Customers Bancorp

Several hedge funds have recently bought and sold shares of CUBI. GAMMA Investing LLC grew its position in Customers Bancorp by 27.2% in the 1st 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 period. Hennessy Advisors Inc. lifted its stake in Customers Bancorp by 37.0% during the 1st quarter. Hennessy Advisors Inc. now owns 37,000 shares of the bank’s stock valued at $1,857,000 after acquiring an additional 10,000 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Customers Bancorp by 11.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 317,584 shares of the bank’s stock valued at $16,127,000 after acquiring an additional 32,216 shares in the last quarter. Sippican Capital Advisors lifted its stake in Customers Bancorp by 8.5% during the 1st quarter. Sippican Capital Advisors now owns 38,824 shares of the bank’s stock valued at $1,949,000 after acquiring an additional 3,055 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Customers Bancorp during the 1st quarter valued at $219,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Stock Performance

Shares of CUBI stock opened at $62.47 on Monday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 15.46 and a beta of 1.55. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $72.51. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $66.85 and a 200-day moving average of $58.85.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Monday, September 8th. The bank reported $1.80 EPS for the quarter. The company had revenue of $206.82 million during the quarter. Customers Bancorp had a net margin of 10.77% and a return on equity of 11.98%. On average, equities analysts forecast that Customers Bancorp will post 6.45 earnings per share for the current year.

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.