In a report released today, Matthew Schultheis from Boenning & Scattergood maintained a Buy rating on Customers Bancorp (CUBI). The company’s shares closed yesterday at $20.70.
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 2.1% and a 47.0% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Fulton Financial Corp, and City Holding Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Customers Bancorp with a $30.50 average price target.
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Based on Customers Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6.03 million. In comparison, last year the company had a net profit of $21.62 million.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.
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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.
