Customers Bancorp Inc. (NYSE:CUBI) had its price objective lowered by Keefe, Bruyette & Woods from $31.00 to $29.00 in a research report released on Tuesday. The firm currently has a market perform rating on the stock.

Several other analysts have also recently weighed in on the stock. FBR & Co reiterated an outperform rating and issued a $32.00 price objective on shares of Customers Bancorp in a research note on Friday, June 24th. Zacks Investment Research cut shares of Customers Bancorp from a hold rating to a sell rating in a research note on Friday, July 22nd. Finally, TheStreet cut shares of Customers Bancorp from a buy rating to a hold rating in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Customers Bancorp currently has an average rating of Hold and a consensus price target of $31.10.

Customers Bancorp (NYSE:CUBI) opened at 25.24 on Tuesday. Customers Bancorp has a one year low of $21.66 and a one year high of $31.63. The company has a 50-day moving average of $26.08 and a 200 day moving average of $25.47. The firm has a market capitalization of $688.85 million, a price-to-earnings ratio of 11.22 and a beta of 0.60.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Customers Bancorp had a net margin of 22.25% and a return on equity of 13.73%. During the same period in the previous year, the business posted $0.52 earnings per share. On average, analysts anticipate that Customers Bancorp will post $2.40 EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of Customers Bancorp by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,680,575 shares of the company’s stock valued at $42,233,000 after buying an additional 1,002,514 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Customers Bancorp by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 1,620,721 shares of the company’s stock valued at $40,729,000 after buying an additional 25,352 shares during the period. Vanguard Group Inc. raised its stake in shares of Customers Bancorp by 27.5% in the second quarter. Vanguard Group Inc. now owns 1,214,045 shares of the company’s stock valued at $30,508,000 after buying an additional 261,949 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Customers Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,089,067 shares of the company’s stock valued at $27,368,000 after buying an additional 130,880 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Customers Bancorp by 11.9% in the second quarter. Alliancebernstein L.P. now owns 904,933 shares of the company’s stock valued at $22,741,000 after buying an additional 95,890 shares during the period. 84.77% of the stock is currently owned by institutional investors.

About Customers Bancorp

Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Company operates in the community banking segment. The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers.

5 Day Chart for NYSE:CUBI

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