Customers Bancorp price target raised to $55 from $45 at Maxim

Maxim analyst Michael Diana raised the firm’s price target on Customers Bancorp to $55 from $45 and keeps a Buy rating on the shares. The company’s Q2 results saw an earnings beat with strong profitability metrics and less risk, the analyst tells investors in a research note. Customers Bancorp also saw an ongoing favorable mix-shift toward lower-cost deposits, along with “very strong” asset quality, the firm adds.