Customers Bancorp, Inc. (NYSE: CUBI), which nine different brokerages are currently covering, has been given a consensus rating of “Moderate Buy” across all of those brokerages, according to a report by Bloomberg. This rating represents the opinion of the majority of the brokerages. The stock has been given a rating of “buy” by four of the research analysts have rated the stock as ” buy, ” while one recommended that investors maintain their holdings in the stock. The one-year price target of $61.71 per share has been established by analysts who have covered the stock in the preceding year.
In recent times, the company has received feedback from a variety of research analysts. This information has been received. Stephens determined in a research report released on November 23 that the price target for Customers Bancorp should be $45.00. Stephens made this determination in the context of the report. Hovde Group stated that they had lowered their price objective for Customers Bancorp to $44.00 in a research report published on November 1. Customers Bancorp’s stock received DA Davidson’s “buy” rating again after the firm published a December 21 reiterating its recommendation to purchase the company’s stock. On October 12, a report about Customers Bancorp was featured for the very first time on StockNews.com. This report was a pioneering piece in its field. They recommended that shareholders “hold” their shares of the company. Wedbush reaffirmed an “outperform” rating on shares of Customers Bancorp and set a target price of $45.00 for the company’s stock in a report published on Wednesday, September 28. Wedbush also set a target price of $45.00 for the company’s stock.
Throughout the most recent period, numerous hedge funds and other institutional investors have been active buyers and sellers of CUBI stock. During the third quarter of the fiscal year, Wipfli Financial Advisors LLC invested $82,000 in Customers Bancorp. As a result, Customers Bancorp was awarded a new share of the company. A new investment of $89,000 was made for a holding in Customers Bancorp by KBC Group NV during the second quarter of the fiscal year. Point72 Hong Kong Ltd. increased the amount of Customers Bancorp stock owned by 25.2% during the third quarter. After making an additional purchase of 609 shares during the most recent quarter, Point72 Hong Kong Ltd. is now the owner of 3,021 shares of the Bank’s stock. The stock currently has a value of $89,000 and belongs to Point72 Hong Kong Ltd. During the second quarter, Mutual of America Capital Management LLC achieved a 16.8 percent increase in the proportion of Customers Bancorp stock it owned. After purchasing 732 additional shares during the most recent quarter, Mutual of America Capital Management LLC now owns 5,096 shares of the Bank’s stock, with a market value of $173,000. This brings the total value of the company’s holdings to $173,000. During the first three months of this year, Captrust Financial Advisors increased the amount of Customers Bancorp stock owned by 38.9%. This brings us to our final point. During the most recent fiscal quarter, Captrust Financial Advisors purchased an additional 1,054 shares of the Bank’s stock, bringing the total number of shares owned by the company to 3,761, with a value of $196,000. Currently, a combined total of 84.33% of the company’s shares are owned by hedge funds and other institutional investors.
On Tuesday, the CUBI stock market opened at $29.62 per share. Customers Bancorp hit a low point over the past 52 weeks of $26.43, while the company reached a high point over the past 52 weeks of $75.45. The moving averages for the company over the past fifty days are $29.99, and over the last two hundred days, they are $32.88. The company’s stock carries a price-to-earnings ratio of 3.45 and a beta value of 1.60. The company’s market capitalization is currently estimated to be $963.09 million. 0.86 is the value achieved when the current, quick, and debt-to-equity ratios are all added together. The ratio of debt to equity is currently 0.55.
Earnings for the most recent quarter reported by Customers Bancorp (NYSE: CUBI) were made public on October 26, a Wednesday. The earnings per share for the Bank’s performance during the quarter came in at $2.48, which was $0.25 higher than the consensus estimate of $2.23. Customers Bancorp had a return on equity of 26.39% and a net margin of 34.42% for the company overall. Revenue forecasts for the current quarter have ranged from $176.53 million to $150.02 million from various analysts. According to the projections of research analysts, Customers Bancorp will bring in 7.78 cents per share in profits for the current fiscal year.
Bancorp, Inc. is the owner of Customers’ Customers Bank, a financial institution that caters to individual customers and serves both small and medium-sized businesses and individual customers. Customers’ Bank is a financial institution that offers various products and services. The organization makes available a variety of deposit accounts, such as checking, savings, MMDA, and other options. There is a wide selection of loan opportunities available, such as residential mortgage loans, commercial real estate loans for multifamily and commercial properties, business banking loans for small businesses, loans for financing equipment for small businesses, and multifamily and commercial real estate loans for commercial and multifamily properties. Among these loan choices, residential mortgage loans are among the most common.