Bancorp, Inc. (NYSE:CUBI) Clients Receive Consensus “Buy” Rating from Analysts

ByDavid M. Conte

Apr 17, 2022

Bancorp, Inc. Customer Actions (NYSE: CUBIGet a rating) received a consensus rating of “Hold” from the ten analysts who currently cover the company, market beat reports. Five investment analysts gave the stock a hold rating and two gave the company a buy rating. The 12-month average target price among analysts who have updated their coverage of the stock in the past year is $72.36.

A number of stock analysts have published reports on the company. B. Riley lowered his price target on Customers Bancorp from $100.00 to $90.00 in a Tuesday, April 12 research report. Wedbush raised its target price on Customers Bancorp from $75.00 to $80.00 in a Wednesday, January 26 report. StockNews.com began covering Customers Bancorp in a report on Thursday, March 31. They set a “holding” rating for the company. Keefe, Bruyette & Woods upgraded Customers Bancorp from a “market performance” rating to an “outperform” rating and raised their target price for the company from $72.00 to $80.00 in a report from the Monday, March 28 th. Finally, Maxim Group raised its target price on Customers Bancorp from $75.00 to $85.00 in a Wednesday, January 26 report.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in CUBI. Victory Capital Management Inc. increased its holdings of Customers Bancorp stock by 501.5% in 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. Emerald Mutual Fund Advisers Trust increased its holdings of Customers Bancorp shares by 258.6% in Q4. Emerald Mutual Fund Advisers Trust now owns 520,600 shares of the bank valued at $34,032,000 after buying 375,419 additional shares in the last quarter. Emerald Advisers LLC increased its holdings of Customers Bancorp stock by 4,060.0% in Q4. Emerald Advisers LLC now owns 333,636 shares of the bank valued at $21,810,000 after purchasing an additional 325,616 shares in the last quarter. Toroso Investments LLC purchased a new stake in Customers Bancorp stock in Q4, valued at approximately $14,603,000. Finally, Nordea Investment Management AB increased its holding in Customers Bancorp shares to 97.0% in the third quarter. Nordea Investment Management AB now owns 418,154 shares in the bank valued at $18,106,000 after buying an additional 205,867 shares in the last quarter. 83.73% of the shares are held by hedge funds and other institutional investors.

Bancorp Equity Clients opened at $44.08 on Friday. Bancorp customers have a fifty-two week minimum of $29.17 and a fifty-two week maximum of $76.13. The company has a debt ratio of 0.72, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $1.45 billion, a PE ratio of 4.98 and a beta of 1.54. The company’s 50-day simple moving average is $55.36 and its two-hundred-day simple moving average is $57.04.

Bancorp Customers (NYSE: CUBIGet a rating) last released its results on Monday, January 24. The bank reported EPS of $2.92 for the quarter, missing analyst consensus estimates of $2.94 per ($0.02). Clients Bancorp had a return on equity of 32.38% and a net margin of 36.64%. The company posted revenue of $210.69 million in the quarter, compared to $225.40 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of $1.65. As a group, analysts predict Customers Bancorp will post EPS of 6.56 for the current fiscal year.

About Bancorp Customers (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.

Further reading

Analyst Recommendations for Bancorp Clients (NYSE: CUBI)



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