Sandler O’Neill Analysts Give Customers Bancorp (CUBI) a $27.00 Price Target
A number of other equities research analysts have also commented on the company. ValuEngine lowered Customers Bancorp from a hold rating to a sell rating in a research report on Thursday, July 26th. Maxim Group restated a buy rating and set a $46.00 price target on shares of Customers Bancorp in a research report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded Customers Bancorp from a hold rating to a buy rating and set a $32.00 price target on the stock in a research report on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Customers Bancorp currently has a consensus rating of Hold and a consensus price target of $35.80.
Shares of CUBI opened at $23.54 on Monday. Customers Bancorp has a 1 year low of $23.53 and a 1 year high of $33.85. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 3.48. The company has a market capitalization of $755.01 million, a PE ratio of 9.77, a P/E/G ratio of 0.90 and a beta of 0.69.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in Customers Bancorp during the 2nd quarter worth approximately $1,406,000. Sei Investments Co. boosted its position in Customers Bancorp by 11.7% in the 2nd quarter. Sei Investments Co. now owns 129,305 shares of the bank’s stock valued at $3,670,000 after buying an additional 13,499 shares during the last quarter. Principal Financial Group Inc. boosted its position in Customers Bancorp by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 243,728 shares of the bank’s stock valued at $7,105,000 after buying an additional 12,127 shares during the last quarter. Creative Planning boosted its position in Customers Bancorp by 15.5% in the 2nd quarter. Creative Planning now owns 14,904 shares of the bank’s stock valued at $423,000 after buying an additional 2,000 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in Customers Bancorp by 2.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 452,416 shares of the bank’s stock valued at $12,839,000 after buying an additional 12,462 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.
About Customers Bancorp
Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit.
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