The stock of Customers Bancorp Inc (NYSE:CUBI) is a huge mover today! The stock decreased 4.61% or $1.2 during the last trading session, hitting $24.85. About 2.24 million shares traded hands or 1354.39% up from the average. Customers Bancorp Inc (NYSE:CUBI) has risen 9.18% since April 4, 2016 and is uptrending. It has outperformed by 8.09% the S&P500.
The move comes after 5 months negative chart setup for the $684.47M company. It was reported on Nov, 4 by Barchart.com. We have $23.36 PT which if reached, will make NYSE:CUBI worth $41.07M less.
Customers Bancorp Inc (NYSE:CUBI) Ratings Coverage
Out of 3 analysts covering Customers Bancorp (NYSE:CUBI), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Customers Bancorp has been the topic of 3 analyst reports since October 30, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, September 20 by Keefe Bruyette & Woods. Maxim Group maintained the stock with “Buy” rating in Friday, October 30 report. The firm has “Outperform” rating by FBR Capital given on Friday, October 30.
According to Zacks Investment Research, “Customers Bancorp is a bank holding company of Customers Bank, a state-chartered bank in Pennsylvania. It provides banking services to small and medium-sized businesses, professionals, individuals and families. The company offers depository products, commercial lending products, specialty lending products and consumer lending. In addition, the company offers other financial services, including Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier services, merchant processing, cash vault, controlled disbursements, and positive pay services, as well as cash management services comprising account reconciliation, collections, and sweep accounts. The bank has its branches in Pennsylvania, New York and New Jersey. Customers Bancorp is headquartered in Wyomissing, Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.21, from 1.3 in 2016Q1. The ratio is negative, as 13 funds sold all Customers Bancorp Inc shares owned while 52 reduced positions. 27 funds bought stakes while 44 increased positions. They now own 22.19 million shares or 5.57% more from 21.02 million shares in 2016Q1.
Vertex One Asset Management last reported 0.47% of its portfolio in the stock. Evercore Wealth Mgmt Limited Liability Corporation has invested 0% of its portfolio in Customers Bancorp Inc (NYSE:CUBI). Alliancebernstein Lp holds 0.02% or 904,933 shares in its portfolio. Blackrock Limited Liability Com reported 12,410 shares or 0% of all its holdings. The Illinois-based Bard Incorporated has invested 1.06% in Customers Bancorp Inc (NYSE:CUBI). Qs Investors Limited Liability Corporation has 111,633 shares for 0.02% of their US portfolio. Arizona State Retirement Systems accumulated 0% or 13,100 shares. California Pub Employees Retirement System last reported 28,400 shares in the company. Aristotle Boston Lc has 2% invested in the company for 354,173 shares. Moreover, Cornercap Invest Counsel has 0.26% invested in Customers Bancorp Inc (NYSE:CUBI) for 55,080 shares. The Missouri-based Stifel Corporation has invested 0% in Customers Bancorp Inc (NYSE:CUBI). Blb&B Advisors Ltd Co accumulated 0.05% or 11,031 shares. Thompson Siegel Walmsley Ltd Liability Company reported 757,242 shares or 0.3% of all its holdings. The New York-based New York State Teachers Retirement Systems has invested 0% in Customers Bancorp Inc (NYSE:CUBI). Mufg Americas Hldgs Corp has invested 0% of its portfolio in Customers Bancorp Inc (NYSE:CUBI).
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 insider sales for $704,691 net activity. 16,663 shares were sold by Hedde Glenn, worth $449,901. $254,790 worth of Customers Bancorp Inc (NYSE:CUBI) was sold by Ehst Richard A.
More news for Customers Bancorp Inc (NYSE:CUBI) were recently published by: Globenewswire.com, which released: “Customers Bancorp Commences Public Offering of Common Stock” on November 04, 2016. Readingeagle.com‘s article titled: “Customers Bancorp reports record earnings in third quarter” and published on October 27, 2016 is yet another important article.
CUBI Company Profile
Customers Bancorp, Inc. (Customers Bancorp), incorporated on April 7, 2010, is a bank holding firm engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Firm operates in the community banking segment. The Bank provides financial services and products to small and middle market businesses, not-for-profits, and clients through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County). The Bank also provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies. The Bank offers a range of traditional loan and deposit banking products, and financial services. Customers Bank offers a range of lending products, including small business loans, mortgage warehouse loans, multi-family and commercial real estate loans, residential mortgage loans and other consumer loans. Customers Bank also offers traditional deposit products, including commercial and consumer checking accounts, non-interest-bearing demand accounts, money market deposit accounts, savings accounts and time deposit accounts, and cash management services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.