Boenning & Scattergood analyst Matthew Schultheis maintained a Hold rating on Customers Bancorp (NYSE: CUBI) today. The company’s shares closed yesterday at $21.52, close to its 52-week low of $21.21.
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 4.8% and a 53.7% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and City Holding Company.
Currently, the analyst consensus on Customers Bancorp is a Moderate Buy with an average price target of $35.63.
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Based on Customers Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $23.66 million. In comparison, last year the company had a net profit of $7.75 million.
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Customers Bancorp, Inc. operates as a bank holding company. The company, through its subsidiary Customers Bank, offers financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches in Southeastern Pennsylvania, New York, New Jersey, Rhode Island, New Hampshire, and Massachusetts.
