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The Rating of Customers Bancorp (CUBI) Shares By B. Riley FBR Falls. $23.0 is now The Target Price per Share

Customers Bancorp, Inc. (NYSE:CUBI) Logo

Investors sentiment increased to 1.32 in Q2 2018. Its up 0.10, from 1.22 in 2018Q1. It is positive, as 13 investors sold Customers Bancorp, Inc. shares while 46 reduced holdings. 18 funds opened positions while 60 raised stakes. 24.44 million shares or 3.08% more from 23.70 million shares in 2018Q1 were reported.

Piedmont Advisors Lc has invested 0.01% in Customers Bancorp, Inc. (NYSE:CUBI). Louisiana State Employees Retirement Systems invested 0.02% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Blackrock accumulated 4.24 million shares. Manufacturers Life Insur The owns 21,333 shares. Legal & General Gru Public Ltd Liability holds 58,347 shares. Loomis Sayles Ltd Partnership has 652 shares. Price T Rowe Assocs Md reported 19,068 shares or 0% of all its holdings. Swiss Bancorporation owns 0% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 51,800 shares. Kbc Gp Nv holds 0.01% or 26,340 shares. 38 are held by Parkside Commercial Bank Tru. Barclays Pcl holds 28,888 shares. Federated Pa invested 0% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Martingale Asset Mgmt L P holds 8,800 shares. Sg Americas Securities Ltd Llc invested in 0% or 15,071 shares. Moreover, Prudential has 0.02% invested in Customers Bancorp, Inc. (NYSE:CUBI).

Since May 22, 2018, it had 0 insider purchases, and 5 sales for $6.12 million activity. 11,871 shares were sold by Ehst Richard A, worth $355,774 on Wednesday, May 23. 50,000 shares valued at $1.51M were sold by SIDHU JAY S on Thursday, June 14.

Customers Bancorp (CUBI) Receives a Downgrade

Expert analysts at B. Riley FBR’s equities research division lowered shares of Customers Bancorp (CUBI) from a “Buy” to a “Neutral” rating today. Theses analysts currently have a price target of $23.0 on CUBI equating to a -15.87 % downside.

The stock decreased 4.13% or $0.89 during the last trading session, reaching $20.67. About 240,403 shares traded. Customers Bancorp, Inc. (CUBI) has declined 15.89% since November 9, 2017 and is downtrending. It has underperformed by 31.51% the S&P500.

Customers Bancorp, Inc. operates as the bank holding firm for Customers Bank that provides financial services and products to small and middle market businesses, not-for-profits, and consumers. The company has market cap of $654.98 million. The firm accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit. It has a 10.67 P/E ratio. The Company’s loan products include commercial lending products comprising business banking commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending.

More news for Customers Bancorp, Inc. (NYSE:CUBI) were recently published by: Seekingalpha.com, which released: “Customers Bancorp (CUBI) CEO, Jay Sidhu on Q3 2018 Results – Earnings Call Transcript” on October 26, 2018. Globenewswire.com‘s article titled: “Customers Bank Names Justin M. Mann as Treasurer” and published on October 10, 2018 is yet another important article.

Customers Bancorp, Inc. (NYSE:CUBI) Institutional Positions Chart

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