Customers Bancorp (NYSE:CUBI) has been given a $27.00 price objective by research analysts at Sandler O’Neill in a research report issued on Monday. The brokerage presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 13.49% from the company’s previous close.
CUBI has been the subject of a number of other research reports. Zacks Investment Research upgraded Customers Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, July 3rd. Maxim Group reiterated a “buy” rating and set a $46.00 price objective on shares of Customers Bancorp in a research note on Tuesday, August 14th. Finally, ValuEngine cut Customers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.80.
NYSE:CUBI traded down $0.63 during trading hours on Monday, reaching $23.79. 3,408 shares of the company traded hands, compared to its average volume of 144,468. The stock has a market capitalization of $773.38 million, a price-to-earnings ratio of 10.81, a PEG ratio of 0.92 and a beta of 0.70. Customers Bancorp has a 1 year low of $23.80 and a 1 year high of $33.85. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 3.48.
Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP purchased a new position in shares of Customers Bancorp in the second quarter worth $1,406,000. Sei Investments Co. raised its stake in shares of Customers Bancorp by 11.7% in the second quarter. Sei Investments Co. now owns 129,305 shares of the bank’s stock worth $3,670,000 after purchasing an additional 13,499 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Customers Bancorp by 5.2% in the first quarter. Principal Financial Group Inc. now owns 243,728 shares of the bank’s stock worth $7,105,000 after purchasing an additional 12,127 shares during the last quarter. Creative Planning raised its stake in shares of Customers Bancorp by 15.5% in the second quarter. Creative Planning now owns 14,904 shares of the bank’s stock worth $423,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Clean Yield Group raised its stake in shares of Customers Bancorp by 5.7% in the second quarter. Clean Yield Group now owns 59,670 shares of the bank’s stock worth $1,693,000 after purchasing an additional 3,205 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.
Customers Bancorp Company Profile
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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