Customers Bancorp, Inc (NYSE:CUBI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Customers Bancorp, Inc (NYSE:CUBI) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $84.80.

Several brokerages have issued reports on CUBI. B. Riley reiterated a “buy” rating on shares of Customers Bancorp in a research note on Monday, October 27th. Wall Street Zen upgraded Customers Bancorp from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley assumed coverage on Customers Bancorp in a report on Monday, December 8th. They set an “equal weight” rating and a $90.00 target price on the stock. Zacks Research cut Customers Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, Cowen restated a “buy” rating on shares of Customers Bancorp in a research note on Monday, October 27th.

Insider Activity at Customers Bancorp

In related news, CEO Jay S. Sidhu sold 128,185 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $69.43, for a total transaction of $8,899,884.55. Following the transaction, the chief executive officer directly owned 790,031 shares in the company, valued at approximately $54,851,852.33. The trade was a 13.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Bennett Banks sold 9,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $66.93, for a total transaction of $602,370.00. Following the sale, the director directly owned 7,524 shares in the company, valued at $503,581.32. This trade represents a 54.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 211,900 shares of company stock valued at $14,595,664. 6.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Customers Bancorp

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Customers Bancorp in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its holdings in shares of Customers Bancorp by 63.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 672 shares of the bank’s stock worth $44,000 after acquiring an additional 260 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Customers Bancorp in the 1st quarter valued at $37,000. Aster Capital Management DIFC Ltd lifted its holdings in Customers Bancorp by 451.2% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 937 shares of the bank’s stock valued at $61,000 after purchasing an additional 767 shares during the last quarter. Finally, CX Institutional acquired a new stake in Customers Bancorp during the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Trading Down 3.8%

NYSE CUBI opened at $75.45 on Wednesday. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $79.99. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50 day moving average price is $72.71 and its two-hundred day moving average price is $68.33. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 15.30 and a beta of 1.61.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.30. The company had revenue of $231.77 million for the quarter, compared to the consensus estimate of $185.10 million. Customers Bancorp had a net margin of 12.43% and a return on equity of 13.24%. During the same period last year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Customers Bancorp will post 6.45 earnings per share for the current fiscal year.

Customers Bancorp Company Profile

Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.