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

Shares of Customers Bancorp, Inc. (NYSE:CUBI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $64.00.

Several analysts have recently weighed in on the stock. DA Davidson lifted their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Stephens reaffirmed an "equal weight" rating and set a $58.00 price target on shares of Customers Bancorp in a research note on Friday, January 24th. Maxim Group lifted their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Finally, StockNews.com raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a research note on Sunday, December 1st.

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Customers Bancorp Trading Up 0.4 %

CUBI traded up $0.22 on Friday, hitting $51.10. The company had a trading volume of 356,499 shares, compared to its average volume of 350,124. The company has a market cap of $1.61 billion, a PE ratio of 10.06 and a beta of 1.74. Customers Bancorp has a 12-month low of $42.31 and a 12-month high of $68.49. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The business's fifty day simple moving average is $52.64 and its 200 day simple moving average is $50.83.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. Equities research analysts expect that Customers Bancorp will post 6.45 EPS for the current year.

Insiders Place Their Bets

In other Customers Bancorp news, CEO Jay S. Sidhu sold 67,000 shares of Customers Bancorp stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total value of $3,806,940.00. Following the transaction, the chief executive officer now directly owns 965,723 shares of the company's stock, valued at approximately $54,872,380.86. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn Hedde sold 15,815 shares of Customers Bancorp stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the completion of the transaction, the insider now directly owns 55,211 shares in the company, valued at $3,216,040.75. This represents a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,988 shares of company stock valued at $6,627,318. 6.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Customers Bancorp

Large investors have recently made changes to their positions in the stock. Basswood Capital Management L.L.C. purchased a new stake in shares of Customers Bancorp during the third quarter valued at $26,000. Picton Mahoney Asset Management grew its holdings in shares of Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after buying an additional 189 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Customers Bancorp during the fourth quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Customers Bancorp during the fourth quarter valued at $46,000. Finally, KBC Group NV grew its holdings in shares of Customers Bancorp by 82.8% during the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock valued at $73,000 after buying an additional 677 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.