Bancorp Clients (NYSE: CUBI) Stock Ranking Reaffirmed by Maxim Group
Bancorp Customers (NYSE: CUBI – Get a rating)The stock was reissued its “buy” rating by investment analysts Maxim Group in a report released on Friday, TipRanks reports. They currently have a price target of $85.00 on the bank’s stock. Maxim Group’s target price suggests a potential upside of 102.04% from the stock’s previous close.
A number of other stock analysts have also recently published reports on CUBI. Wedbush raised its price target on Customers Bancorp from $75.00 to $80.00 in a Wednesday, January 26 report. Stephens began covering Customers Bancorp in a research report on Monday, March 28. They set an “equal weight” rating and a target price of $62.50 for the company. Keefe, Bruyette & Woods upgraded Customers Bancorp from a ‘market performance’ rating to an ‘outperformer’ rating and raised its target price for the company from $72.00 to $80.00 in a report research on Monday, March 28. StockNews.com began covering Customers Bancorp in a research report on Thursday, March 31. They set a “holding” rating for the company. Finally, B. Riley reduced his target price on Customers Bancorp from $100.00 to $90.00 in a Tuesday, April 12 research report. Five analysts rated the stock with a hold rating and five assigned the stock a buy rating. According to data from MarketBeat.com, Customers Bancorp currently has an average rating of “Buy” and a consensus price target of $69.31.
CUBI traded at $1.47 during Friday trading hours, reaching $42.07. 573,900 shares of the company were traded, compared to its average volume of 374,024. The company has a 50-day moving average price of $51.63 and a 200-day moving average price of $56.94. Bancorp Customers has a 52-week minimum of $33.25 and a 52-week maximum of $76.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt ratio of 0.72. The company has a market capitalization of $1.39 billion, a PE ratio of 4.20 and a beta of 1.54.
A number of institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Customers Bancorp by 501.5% during the fourth quarter. Victory Capital Management Inc. now owns 570,420 shares of the bank valued at $37,288,000 after purchasing an additional 475,590 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Customers Bancorp by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 557,238 shares of the bank valued at $36,427,000 after buying an additional 30,974 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in Customers Bancorp by 4.2% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 542,695 shares of the bank valued at $28,296,000 after buying an additional 22,095 shares in the last quarter. Geode Capital Management LLC increased its stake in Customers Bancorp shares by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 522,349 shares of the bank worth $34,145,000 after purchasing an additional 2,223 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Customers Bancorp stock by 17.5% in the third quarter. Lord Abbett & CO. LLC now owns 481,862 shares of the bank worth $20,730,000 after purchasing an additional 71,600 shares in the last quarter. Institutional investors and hedge funds hold 83.73% of the company’s shares.
Clients Company Profile Bancorp (Get a rating)
Customers Bancorp, Inc operates as a banking holding company for Customers Bank which provides financial products and services to individuals and small and medium businesses. The Company offers deposit products, including checking, savings, MMDA and other deposit accounts. It offers lending products, including commercial warehouse mortgages, multifamily and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgages and installment loans.
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