In a report released today, Frank Schiraldi from Piper Sandler reiterated a Hold rating on Customers Bancorp (CUBI – Research Report), with a price target of $58.00. The company’s shares closed yesterday at $50.77.
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According to TipRanks, Schiraldi is a 5-star analyst with an average return of 13.2% and a 58.67% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Bancorp, Financial Institutions, and M&T Bank.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Customers Bancorp with a $70.80 average price target.
Based on Customers Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $151.42 million and a net profit of $26.92 million. In comparison, last year the company earned a revenue of $364.59 million and had a net profit of $62.09 million
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