Customers Bancorp ( (CUBI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Customers Bancorp’s stock movement is primarily influenced by mixed signals in the market. While the company’s CET 1 ratio improved to 13.0% due to a successful equity raise and the book value per share increased by 6.2%, the stock faced pressure after being removed from an analyst favorites list. Despite positive developments like board expansions and new investor presentations, the removal from the list has overshadowed these gains, impacting investor sentiment.
More about Customers Bancorp
YTD Price Performance: 34.93%
Average Trading Volume: 347,768
Technical Sentiment Signal: Buy
Current Market Cap: $2.2B
For further insights into CUBI stock on TipRanks’ Stock Analysis page.
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