Maxim Group Stick to Their Buy Rating for Customers Bancorp
Investing.com
Published Jul 31, 2021 07:05AM ET
Maxim Group analyst Michael Diana reiterated a Buy rating on Customers Bancorp (NYSE:CUBI) on Friday, setting a price target of $52, which is approximately 43.57% above the present share price of $36.22.
Diana expects Customers Bancorp to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Customers Bancorp, with an average price target of $52.67.
The analysts price targets range from a high of $55 to a low of $51.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $151.46 million and a net profit of $0. The company's market cap is $1.17 billion.
According to TipRanks.com, Maxim Group analyst Michael Diana is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.8% and a 54.95% success rate.
Customers Bancorp, Inc. operates as a bank holding company. It operates through the following segments: Customers Bank Business Banking and BankMobile. The Customers Bank Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington D.C., and Illinois through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment provides state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.
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