Clients Bancorp, Inc. (NYSE:CUBI) receives an average rating of “Buy” from brokers.
Clients Bancorp, Inc. (NYSE:CUBI – received rating) has received a consensus rating of “buy” from the ten analysts covering the company, reports MarketBeat.com. Four investment analysts have given the company a hold rating and four have given it a buy rating. The average 12-month target price among brokers who have issued reports on the stock over the past year is $69.31.
CUBI has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded Customers Bancorp from a market perform rating to an outperform rating in a research report Monday, March 28, and raised its price target on the company to 80 from $72.00. $00. StockNews.com began reporting on Customers Bancorp in a research report on Thursday, March 31st. They gave the stock a “hold” rating. B. Riley lowered its target price on Customers Bancorp from $100.00 to $90.00 in a research report on Tuesday, April 12. Stephens opened coverage of Customers Bancorp in a research report on Monday, March 28. They provided an “equal weight” rating and a price target of $62.50 on the stock. Finally, on Friday, April 29, Maxim Group reiterated a buy rating and price target of $85.00 for Customers Bancorp in a research report.
In related news, Director Lyle Cunningham sold 1,000 shares of the company in a transaction Tuesday, May 3. The stock sold at an average price of $43.06 for a total transaction of $43,060.00. Following the sale, the director now owns 11,051 shares of the company, valued at $475,856.06. The sale was announced in a filing with the SEC, which is available through the SEC website. Also, CEO Samvir S. Sidhu acquired 2,965 shares of the company’s stock in a transaction that took place on Friday, May 6th. The shares were purchased at an average price of $42.10 per share for a total transaction of $124,826.50. Following the transaction, the Chief Executive Officer now owns 80,637 shares of the Company, valued at $3,394,817.70. The disclosure for this purchase can be found here. Over the past ninety days, insiders have bought 4,465 shares of the company’s shares, valued at $186,912. 10.23% of the shares are owned by company insiders.
A number of institutional investors recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Customers Bancorp by 70.5% in the fourth quarter. Lazard Asset Management LLC now owns 687 shares of the bank, valued at $44,000, after purchasing an additional 284 shares last quarter. EAM Global Investors LLC increased its stake in Customers Bancorp by 50.9% in the fourth quarter. EAM Global Investors LLC now owns 75,980 shares of the bank valued at $4,967,000 after purchasing an additional 25,625 shares last quarter. USA Financial Portformulas Corp increased its stake in Customers Bancorp by 30.2% in the fourth quarter. USA Financial Portformulas Corp now owns 2,001 shares of the bank, valued at $131,000, after buying another 464 shares last quarter. Meritage Portfolio Management increased its stake in Customers Bancorp by 46.6% in the fourth quarter. Meritage Portfolio Management now owns 8,579 shares of the bank, valued at $561,000, after purchasing an additional 2,727 shares last quarter. Finally, JPMorgan Chase & Co. increased its stake in Customers Bancorp by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 557,238 shares of the bank, valued at $36,427,000, after purchasing an additional 30,974 shares last quarter. Institutional investors own 83.48% of the company’s shares.
NYSE:CUBI opened at $40.66 on Monday. The stock’s 50-day moving average is $43.46 and the 200-day moving average is $54.79. Customers Bancorp has a 52-week low of $34.55 and a 52-week high of $76.13. The company has a market cap of $1.34 billion, a P/E of 4.06 and a beta of 1.58. The company has a debt to equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 0.81.
About Clients Bancorp (received rating)
Customers Bancorp, Inc acts as the banking holding company for Customers Bank, which provides financial products and services to consumers and small and medium sized businesses. The Company offers deposit products including checking, savings, MMDA and other deposit accounts. It offers lending products including commercial mortgage inventory loans, multi-family and commercial real estate loans, commercial banks, small business loans, equipment financing, residential mortgage loans and personal loans.
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