In a report released yesterday, Kelly Motta from KBW maintained a Buy rating on Customers Bancorp (CUBI – Research Report), with a price target of $65.00. The company’s shares closed yesterday at $48.94.
According to TipRanks, Motta is a 3-star analyst with an average return of 6.6% and a 60.00% success rate. Motta covers the Financial sector, focusing on stocks such as Customers Bancorp, Rbb Bancorp, and Territorial Bancorp.
Currently, the analyst consensus on Customers Bancorp is a Strong Buy with an average price target of $64.60.
Based on Customers Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $181.62 million and a net profit of $49.73 million. In comparison, last year the company earned a revenue of $101.58 million and had a net profit of $29.65 million
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CUBI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Customers Bancorp (CUBI) Company Description:
Customers Bancorp, Inc. operates as a bank holding company. It operates through the following segments: Customers Bank Business Banking and BankMobile. The Customers Bank Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington D.C., and Illinois through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment provides state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.
