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Customers Bancorp (CUBI) Receives a Buy from Wedbush

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Wedbush analyst Peter Winter maintained a Buy rating on Customers Bancorp (CUBIResearch Report) yesterday and set a price target of $80.00. The company’s shares closed last Monday at $61.55.

According to TipRanks.com, Winter is a 4-star analyst with an average return of 9.9% and a 55.4% success rate. Winter covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Customers Bancorp with a $88.25 average price target, representing a 44.0% upside. In a report issued on January 26, Maxim Group also reiterated a Buy rating on the stock with a $85.00 price target.

See today’s best-performing stocks on TipRanks >>

Customers Bancorp’s market cap is currently $2.03B and has a P/E ratio of 6.95.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CUBI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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