Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Rating of “Moderate Buy” by Brokerages

Customers Bancorp, Inc. (NYSE:CUBI) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.00.

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

Customers Bancorp Stock Down 1.6 %

Shares of CUBI stock opened at $57.24 on Wednesday. Customers Bancorp has a 52-week low of $42.31 and a 52-week high of $68.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 11.27 and a beta of 1.68. The firm’s 50-day moving average is $51.73 and its 200-day moving average is $50.79.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. Sell-side analysts predict that Customers Bancorp will post 6.33 EPS for the current year.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, insider Glenn Hedde sold 15,815 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total value of $921,223.75. Following the sale, the insider now owns 55,211 shares of the company’s stock, valued at approximately $3,216,040.75. This trade represents a 22.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Neil Mackay sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $53.78, for a total value of $215,120.00. Following the transaction, the director now directly owns 4,567 shares of the company’s stock, valued at $245,613.26. This trade represents a 46.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,988 shares of company stock valued at $6,842,438 in the last ninety days. 6.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Customers Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Customers Bancorp by 14.2% in the 3rd quarter. CWM LLC now owns 2,198 shares of the bank’s stock valued at $102,000 after acquiring an additional 274 shares during the last quarter. GAMMA Investing LLC raised its position in Customers Bancorp by 21.7% in the third quarter. GAMMA Investing LLC now owns 1,580 shares of the bank’s stock valued at $73,000 after purchasing an additional 282 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Customers Bancorp by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank’s stock valued at $473,000 after purchasing an additional 302 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank’s stock worth $272,000 after purchasing an additional 333 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of Customers Bancorp in the third quarter valued at approximately $26,000. 89.29% of the stock is owned by 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.