Customers Bancorp (NYSE:CUBI) Stock Rating Reaffirmed by Maxim Group


Customers Bancorp (NYSE:CUBIGet Rating)‘s stock had its “buy” rating reissued by investment analysts at Maxim Group in a report released on Friday, TipRanks reports. They currently have a $85.00 price target on the bank’s stock. Maxim Group’s target price suggests a potential upside of 102.04% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CUBI. Wedbush boosted their price objective on Customers Bancorp from $75.00 to $80.00 in a report on Wednesday, January 26th. Stephens started coverage on Customers Bancorp in a research report on Monday, March 28th. They set an “equal weight” rating and a $62.50 target price for the company. Keefe, Bruyette & Woods raised Customers Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $72.00 to $80.00 in a research report on Monday, March 28th. StockNews.com started coverage on Customers Bancorp in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, B. Riley decreased their target price on Customers Bancorp from $100.00 to $90.00 in a research report on Tuesday, April 12th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp presently has an average rating of “Buy” and a consensus price target of $69.31.

CUBI traded down $1.47 during trading hours on Friday, reaching $42.07. 573,900 shares of the company’s stock traded hands, compared to its average volume of 374,024. The firm has a 50-day moving average price of $51.63 and a 200 day moving average price of $56.94. Customers Bancorp has a 52-week low of $33.25 and a 52-week high of $76.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.39 billion, a PE ratio of 4.20 and a beta of 1.54.

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in Customers Bancorp by 501.5% during the 4th quarter. Victory Capital Management Inc. now owns 570,420 shares of the bank’s stock valued at $37,288,000 after purchasing an additional 475,590 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Customers Bancorp by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 557,238 shares of the bank’s stock valued at $36,427,000 after purchasing an additional 30,974 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Customers Bancorp by 4.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 542,695 shares of the bank’s stock valued at $28,296,000 after purchasing an additional 22,095 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Customers Bancorp by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 522,349 shares of the bank’s stock worth $34,145,000 after buying an additional 2,223 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Customers Bancorp by 17.5% in the third quarter. Lord Abbett & CO. LLC now owns 481,862 shares of the bank’s stock worth $20,730,000 after buying an additional 71,600 shares during the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.

Customers Bancorp Company Profile (Get Rating)

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 offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans.

Further Reading

Analyst Recommendations for Customers Bancorp (NYSE:CUBI)



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