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

Customers Bancorp, Inc. (NYSE:CUBI) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two 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. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $64.14.

Several equities analysts recently issued reports on CUBI shares. Hovde Group lowered shares of Customers Bancorp from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a report on Friday, August 9th. B. Riley lifted their price target on Customers Bancorp from $77.00 to $78.00 and gave the company a “buy” rating in a report on Monday, July 29th. Wedbush cut Customers Bancorp from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $79.00 to $53.00 in a research note on Tuesday, September 24th. DA Davidson lifted their target price on Customers Bancorp from $71.00 to $79.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Customers Bancorp from $76.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, August 9th.

Insider Transactions at Customers Bancorp

In related news, CEO Samvir S. Sidhu acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $45.53 per share, for a total transaction of $113,825.00. Following the completion of the acquisition, the chief executive officer now directly owns 144,504 shares in the company, valued at $6,579,267.12. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CUBI. Olympiad Research LP purchased a new position in Customers Bancorp in the 3rd quarter worth $332,000. Sippican Capital Advisors increased its holdings in shares of Customers Bancorp by 140.1% in the third quarter. Sippican Capital Advisors now owns 26,579 shares of the bank’s stock valued at $1,235,000 after purchasing an additional 15,510 shares during the period. Semanteon Capital Management LP purchased a new position in shares of Customers Bancorp in the third quarter worth about $353,000. SRN Advisors LLC boosted its position in Customers Bancorp by 135.7% in the third quarter. SRN Advisors LLC now owns 26,652 shares of the bank’s stock valued at $1,238,000 after buying an additional 15,343 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Customers Bancorp by 88.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 479,739 shares of the bank’s stock worth $22,284,000 after buying an additional 225,785 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Customers Bancorp Stock Down 0.8 %

Shares of Customers Bancorp stock opened at $45.77 on Monday. Customers Bancorp has a 1 year low of $40.46 and a 1 year high of $68.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.91. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 6.13 and a beta of 1.61. The firm’s 50-day moving average is $47.36 and its two-hundred day moving average is $48.91.

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.