KBW Reaffirms Their Hold Rating on Customers Bancorp

By Jason Carr

In a report released yesterday, Michael Perito from KBW reiterated a Hold rating on Customers Bancorp (NASDAQ: CUBI), with a price target of $36. The company’s shares closed yesterday at $28.95.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 21.6% and a 78.4% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Customers Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $43.

Customers Bancorp’s market cap is currently $886.9M and has a P/E ratio of 11.96. The company has a book value ratio of 1.3391.

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Customers Bancorp, Inc. operates as a bank holding company. The company through its subsidiary, Customers bank, offers financial services to small and medium-sized businesses, professionals, individuals and families through branch locations in Pennsylvania, New York and New Jersey.