Customers Bancorp (NYSE:CUBI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also commented on CUBI. TheStreet lowered Customers Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Customers Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, October 24th. BidaskClub raised Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, September 23rd. Boenning Scattergood reissued a “hold” rating on shares of Customers Bancorp in a research report on Friday, October 27th. Finally, Maxim Group reissued a “buy” rating and set a $50.00 price target on shares of Customers Bancorp in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Customers Bancorp presently has an average rating of “Hold” and an average price target of $40.50.

Shares of Customers Bancorp (NYSE:CUBI) traded down $0.03 during trading hours on Friday, hitting $27.07. The stock had a trading volume of 261,901 shares, compared to its average volume of 260,409. The company has a quick ratio of 0.91, a current ratio of 1.17 and a debt-to-equity ratio of 2.27. Customers Bancorp has a 1-year low of $24.75 and a 1-year high of $36.93. The stock has a market cap of $833.92, a PE ratio of 9.47 and a beta of 0.62.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. The firm had revenue of $86.05 million for the quarter, compared to analysts’ expectations of $80.32 million. During the same quarter in the previous year, the firm posted $0.64 EPS. research analysts expect that Customers Bancorp will post 2.47 EPS for the current year.

In related news, COO Richard A. Ehst sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $26.70, for a total transaction of $240,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert E. Wahlman sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.66, for a total value of $1,333,000.00. The disclosure for this sale can be found here. Insiders own 8.67% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CUBI. Flinton Capital Management LLC raised its position in shares of Customers Bancorp by 176.7% in 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 acquired a new position in shares of Customers Bancorp in the 2nd quarter valued at approximately $123,000. Nisa Investment Advisors LLC raised its position in shares of Customers Bancorp by 8.7% in 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 raised its position in shares of Customers Bancorp by 80.2% in 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, GSA Capital Partners LLP acquired a new position in shares of Customers Bancorp in the 2nd quarter valued at approximately $205,000. 87.98% of the stock is currently owned by institutional investors.

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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).

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