Customers Bancorp (NASDAQ:CUBI) had its price objective hosited by FBR Capital Markets from $20.00 to $23.00 in a report released on Tuesday, Analyst Ratings Network reports. FBR Capital Markets currently has an outperform rating on the stock.
Customers Bancorp (NASDAQ:CUBI) traded down 0.31% on Tuesday, hitting $17.405. The stock had a trading volume of 16,114 shares. Customers Bancorp has a 52 week low of $13.00 and a 52 week high of $18.50. The stock’s 50-day moving average is $16.68 and its 200-day moving average is $16.77. The company has a market cap of $429.8 million and a price-to-earnings ratio of 11.93.
In other Customers Bancorp news, CFO Robert Wahlman acquired 30,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of $16.74 per share, for a total transaction of $502,200.00. Following the completion of the purchase, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $502,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Customers Bancorp from a neutral rating to an underperform rating in a research note to investors on Friday, September 20th. They now have a $16.00 price target on the stock.
Customers Bancorp, Inc (NASDAQ:CUBI), through its wholly owned subsidiary Customers Bank (the Bank), provides financial products and services to small businesses, not-for-profits and consumers through its fourteen branches in Southeastern Pennsylvania (Bucks, Berks, Chester and Delaware Counties), Rye, New York (Westchester County) and Hamilton, New Jersey (Mercer County).
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