Customers Bancorp (NYSE:CUBI) Stock Price Expected to Rise, B. Riley Analyst Says

Customers Bancorp (NYSE:CUBI - Get Free Report) had its target price hoisted by equities research analysts at B. Riley from $78.00 to $80.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the bank's stock. B. Riley's target price points to a potential upside of 75.21% from the company's current price.

A number of other equities research analysts have also recently issued reports on CUBI. Wedbush cut shares of Customers Bancorp from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $79.00 to $53.00 in a report on Tuesday, September 24th. Keefe, Bruyette & Woods lowered Customers Bancorp from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $57.00 to $52.00 in a research note on Monday. DA Davidson lifted their target price on Customers Bancorp from $71.00 to $79.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Raymond James decreased their target price on Customers Bancorp from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a report on Wednesday, October 2nd. Finally, Hovde Group downgraded Customers Bancorp from an "outperform" rating to a "market perform" rating and set a $49.00 price target for the company. in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Customers Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $61.88.

Customers Bancorp Stock Down 0.0 %

CUBI stock traded down $0.02 during mid-day trading on Monday, reaching $45.66. The company had a trading volume of 404,533 shares, compared to its average volume of 364,462. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 7.41 and a beta of 1.61. Customers Bancorp has a 52 week low of $40.61 and a 52 week high of $68.49. The stock has a 50 day simple moving average of $47.26 and a two-hundred day simple moving average of $48.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.91.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Thursday, October 31st. The bank reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.09). Customers Bancorp had a net margin of 15.22% and a return on equity of 13.79%. The firm had revenue of $167.10 million during the quarter, compared to the consensus estimate of $191.61 million. During the same period in the prior year, the business posted $2.59 earnings per share. Customers Bancorp's quarterly revenue was down 23.2% compared to the same quarter last year. As a group, equities analysts predict that Customers Bancorp will post 6.11 earnings per share for the current fiscal year.

Insider Activity at Customers Bancorp

In other Customers Bancorp news, CEO Samvir S. Sidhu acquired 2,500 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $45.53 per share, with a total value of $113,825.00. Following the acquisition, the chief executive officer now directly owns 144,504 shares of the company's stock, valued at approximately $6,579,267.12. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.92% of the stock is currently owned by corporate insiders.

Institutional Trading of Customers Bancorp

Several large investors have recently modified their holdings of the stock. Ridgewood Investments LLC bought a new position in Customers Bancorp in the second quarter valued at approximately $48,000. Innealta Capital LLC acquired a new position in shares of Customers Bancorp during the 2nd quarter worth $74,000. GAMMA Investing LLC lifted its position in shares of Customers Bancorp by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,580 shares of the bank's stock worth $73,000 after buying an additional 282 shares during the last quarter. CWM LLC boosted its stake in Customers Bancorp by 14.2% in the third quarter. CWM LLC now owns 2,198 shares of the bank's stock valued at $102,000 after buying an additional 274 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Customers Bancorp in the second quarter valued at about $151,000. 89.29% of the stock is owned by institutional investors and hedge funds.

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.