Analysts at B.Riley FBR Maintained their Past ‘Buy’ rating on Shares Customers Bancorp (NYSE:CUBI), Set a $41.0 Target Price per Share

April 23, 2018 - By Nellie Frank

Customers Bancorp, Inc. (NYSE:CUBI) Logo

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.26, from 1.18 in 2017Q3. It dropped, as 16 investors sold Customers Bancorp, Inc. shares while 61 reduced holdings. 22 funds opened positions while 49 raised stakes. 23.85 million shares or 7.90% less from 25.90 million shares in 2017Q3 were reported.

Parkside Finance Bancshares & reported 0% in Customers Bancorp, Inc. (NYSE:CUBI). Piermont Management has invested 0.47% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Ls Invest Advsr Ltd Co reported 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Rhumbline Advisers, Massachusetts-based fund reported 68,755 shares. 53,760 were reported by Systematic Financial Limited Partnership. Strs Ohio invested 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Eagle Boston Mgmt holds 0.99% or 380,663 shares in its portfolio. Ny State Common Retirement Fund, New York-based fund reported 45,953 shares. Axa owns 30,400 shares or 0% of their US portfolio. Price T Rowe Inc Md invested in 0% or 27,736 shares. Pennsylvania-based Baldwin Invest Mgmt Ltd has invested 0.69% in Customers Bancorp, Inc. (NYSE:CUBI). Savings Bank Of Mellon Corporation holds 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI) for 365,722 shares. Macquarie Group Limited holds 37,700 shares or 0% of its portfolio. Stifel Fincl Corporation holds 0.01% or 105,300 shares. Trexquant L P has 20,614 shares.

Since February 5, 2018, it had 0 insider buys, and 3 selling transactions for $66,951 activity.

Customers Bancorp (NYSE:CUBI) Rating Reaffirmed

The firm has just set a target price of $41.0 on Customers Bancorp (NYSE:CUBI) shares. This is 37.77 % from the last price. In an analyst note issued to investors and clients on Wednesday morning, B.Riley FBR maintained their Buy rating on shares of CUBI.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.26, from 1.18 in 2017Q3. It dropped, as 16 investors sold Customers Bancorp, Inc. shares while 61 reduced holdings. 22 funds opened positions while 49 raised stakes. 23.85 million shares or 7.90% less from 25.90 million shares in 2017Q3 were reported.

Parkside Finance Bancshares & reported 0% in Customers Bancorp, Inc. (NYSE:CUBI). Piermont Management has invested 0.47% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Ls Invest Advsr Ltd Co reported 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Rhumbline Advisers, Massachusetts-based fund reported 68,755 shares. 53,760 were reported by Systematic Financial Limited Partnership. Strs Ohio invested 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Eagle Boston Mgmt holds 0.99% or 380,663 shares in its portfolio. Ny State Common Retirement Fund, New York-based fund reported 45,953 shares. Axa owns 30,400 shares or 0% of their US portfolio. Price T Rowe Inc Md invested in 0% or 27,736 shares. Pennsylvania-based Baldwin Invest Mgmt Ltd has invested 0.69% in Customers Bancorp, Inc. (NYSE:CUBI). Savings Bank Of Mellon Corporation holds 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI) for 365,722 shares. Macquarie Group Limited holds 37,700 shares or 0% of its portfolio. Stifel Fincl Corporation holds 0.01% or 105,300 shares. Trexquant L P has 20,614 shares.

Since February 5, 2018, it had 0 insider buys, and 3 selling transactions for $66,951 activity.

Customers Bancorp, Inc. (NYSE:CUBI) Ratings Coverage

Among 6 analysts covering Customers Bancorp (NYSE:CUBI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Customers Bancorp has $50.0 highest and $31.5000 lowest target. $37.75’s average target is 26.85% above currents $29.76 stock price. Customers Bancorp had 13 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by B. Riley & Co on Friday, December 8 with “Buy”. The firm has “Buy” rating given on Thursday, January 25 by FBR Capital. The firm has “Buy” rating by FBR Capital given on Wednesday, January 3. On Friday, January 26 the stock rating was maintained by Maxim Group with “Buy”. As per Thursday, January 4, the company rating was maintained by Maxim Group. The company was maintained on Thursday, January 25 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Customers Bancorp, Inc. (NYSE:CUBI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $38.0 target. The stock has “Hold” rating by Sandler O’Neill on Friday, January 26. The firm earned “Buy” rating on Monday, November 20 by Maxim Group. Sandler O’Neill maintained the stock with “Hold” rating in Monday, March 26 report.

The stock increased 0.95% or $0.28 during the last trading session, reaching $29.76. About 120,418 shares traded. Customers Bancorp, Inc. (NYSE:CUBI) has declined 4.56% since April 23, 2017 and is downtrending. It has underperformed by 16.11% the S&P500.

Analysts await Customers Bancorp, Inc. (NYSE:CUBI) to report earnings on April, 30 before the open. They expect $0.56 EPS, down 21.13 % or $0.15 from last year’s $0.71 per share. CUBI’s profit will be $17.62M for 13.29 P/E if the $0.56 EPS becomes a reality. After $0.55 actual EPS reported by Customers Bancorp, Inc. for the previous quarter, Wall Street now forecasts 1.82 % EPS growth.

Customers Bancorp, Inc. operates as the bank holding firm for Customers Bank that provides financial services and products to small and middle market businesses, not-for-profits, and consumers. The company has market cap of $936.44 million. The firm 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. It has a 15.11 P/E ratio. The Company’s loan products include commercial lending products comprising business banking commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending.

Customers Bancorp, Inc. (NYSE:CUBI) Institutional Positions Chart

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