Customers Bancorp, Inc (CUBI) Earns Hold Rating from Boenning Scattergood

Customers Bancorp, Inc (NYSE:CUBI)‘s stock had its “hold” rating reissued by analysts at Boenning Scattergood in a report issued on Friday, October 27th.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 price target on shares of Customers Bancorp in a research report on Friday, June 30th. Zacks Investment Research upgraded 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 lowered Customers Bancorp from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Maxim Group restated a “buy” rating and set a $50.00 price target on shares of Customers Bancorp in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Customers Bancorp has an average rating of “Hold” and an average target price of $40.50.

Shares of Customers Bancorp (NYSE CUBI) traded down $0.13 on Friday, reaching $25.06. The company had a trading volume of 287,000 shares, compared to its average volume of 209,299. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.17 and a quick ratio of 0.91. The stock has a market cap of $772.00, a PE ratio of 8.76 and a beta of 0.65. Customers Bancorp has a twelve month low of $24.83 and a twelve month high of $36.93.

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

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/11/13/customers-bancorp-inc-cubi-given-hold-rating-at-boenning-scattergood.html.

Several institutional investors have recently bought and sold shares of CUBI. OxFORD Asset Management LLP bought a new stake in shares of Customers Bancorp in the third quarter worth $734,000. KBC Group NV lifted its position in Customers Bancorp by 97.4% during the third quarter. KBC Group NV now owns 43,901 shares of the bank’s stock valued at $1,432,000 after purchasing an additional 21,665 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Customers Bancorp by 8.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,137,437 shares of the bank’s stock valued at $69,723,000 after acquiring an additional 159,979 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Customers Bancorp by 25.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 258,986 shares of the bank’s stock valued at $8,449,000 after acquiring an additional 52,672 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Customers Bancorp by 9.9% in the third quarter. Wells Fargo & Company MN now owns 132,204 shares of the bank’s stock valued at $4,313,000 after acquiring an additional 11,926 shares in the last quarter. 87.57% of the stock is owned by institutional investors and hedge funds.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply