Clients Bancorp, Inc. (NYSE: CUBI) Receives an Average “Moderate Buy” Recommendation from Analysts
Bancorp, Inc. Client Stocks (NYSE: CUBI – Get a rating) received an average recommendation of “Hold” from the nine research firms that cover the stock, Marketbeat reports. Four investment analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $69.57.
A number of stock analysts have weighed in on the company recently. Jefferies Financial Group cut its price target on Customers Bancorp from $63.00 to $48.00 in a Monday, July 11 report. Stephens lowered its target price on Customers Bancorp from $54.00 to $52.00 and set an “equal weight” rating for the company in a Tuesday, August 2 research note. B. Riley lowered his target price on Customers Bancorp from $90.00 to $85.00 in a research note on Monday July 11. Finally, DA Davidson reiterated a “neutral” rating on Customers Bancorp stock in a Wednesday July 27 research note.
Bancorp Stock customers down 4.3%
Customers Bancorp stock opened at $33.00 on Wednesday. The stock’s 50-day moving average price is $36.39 and its 200-day moving average price is $41.65. The company has a market capitalization of $1.07 billion, a PE ratio of 3.31 and a beta of 1.61. Bancorp Customers has a 1-year minimum of $31.35 and a 1-year maximum of $76.13. The company has a debt ratio of 0.67, a current ratio of 0.88 and a quick ratio of 0.88.
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Bancorp Customers (NYSE: CUBI – Get a rating) last released its quarterly results on Wednesday, July 27. The bank reported earnings per share of $1.77 for the quarter, missing analyst consensus estimates of $1.80 per ($0.03). Clients Bancorp had a return on equity of 29.54% and a net margin of 38.56%. The company posted revenue of $177.60 million in the quarter, compared to analyst estimates of $178.09 million. During the same period last year, the company earned earnings per share of $1.76. On average, sell-side analysts expect Customers Bancorp to post an EPS of 7.35 for the current fiscal year.
Institutional investors weigh on Bancorp customers
Institutional investors have recently increased or reduced their stake in the stock. Exchange Traded Concepts LLC raised its position in Customers Bancorp by 2.2% in the second quarter. Exchange Traded Concepts LLC now owns 12,847 shares of the bank worth $436,000 after buying 271 additional shares in the last quarter. Lazard Asset Management LLC increased its stake in Customers Bancorp by 70.5% during the fourth quarter. Lazard Asset Management LLC now owns 687 shares of the bank valued at $44,000 after acquiring 284 additional shares last quarter. Mutual of America Capital Management LLC increased its stake in Customers Bancorp by 7.1% during the first quarter. Mutual of America Capital Management LLC now owns 4,364 shares of the bank valued at $228,000 after acquiring 290 additional shares last quarter. Louisiana State Employees Retirement System increased its stake in Customers Bancorp by 2.1% during the first quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank valued at $696,000 after acquiring 300 additional shares last quarter. Finally, Price T Rowe Associates Inc. ® increased its stake in Customers Bancorp by 3.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,783 shares of the bank valued at $366,000 after acquiring 328 additional shares last quarter. 86.12% of the shares are held by institutional investors and hedge funds.
Clients Company Profile Bancorp
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.
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