Customers Bancorp, Inc (NYSE:CUBI) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of equities analysts recently issued reports on CUBI shares. TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, May 17th. Zacks Investment Research lowered shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 target price on shares of Customers Bancorp in a research report on Friday, June 30th. Finally, BidaskClub lowered shares of Customers Bancorp from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.

Shares of Customers Bancorp (CUBI) opened at 28.36 on Tuesday. Customers Bancorp has a 12-month low of $24.37 and a 12-month high of $36.93. The company’s 50-day moving average is $28.52 and its 200-day moving average is $30.11. The stock has a market cap of $871.50 million, a P/E ratio of 11.60 and a beta of 0.65.

Customers Bancorp (NYSE:CUBI) last announced its earnings results on Wednesday, July 26th. The bank reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.16. The firm had revenue of $68.62 million during the quarter, compared to analyst estimates of $67.14 million. Customers Bancorp had a net margin of 22.81% and a return on equity of 15.93%. Customers Bancorp’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, analysts expect that Customers Bancorp will post $2.67 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of CUBI. Flinton Capital Management LLC boosted its position in shares of Customers Bancorp by 176.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,046 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,584 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Customers Bancorp during the 2nd quarter valued at about $123,000. Nisa Investment Advisors LLC boosted its position in shares of Customers Bancorp by 8.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,600 shares of the bank’s stock valued at $158,000 after purchasing an additional 450 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Customers Bancorp by 80.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,657 shares of the bank’s stock valued at $159,000 after purchasing an additional 2,517 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Customers Bancorp by 10.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the bank’s stock valued at $161,000 after purchasing an additional 479 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/05/customers-bancorp-inc-cubi-given-average-recommendation-of-hold-by-analysts.html.

Customers Bancorp Company Profile

Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County).

Receive News & Stock Ratings for Customers Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp Inc and related stocks with our FREE daily email newsletter.