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What Can We Expect after a Customers Bancorp (NYSE:CUBI) Downgrade from Buy to Neutral Rating?

Customers Bancorp, Inc. (NYSE:CUBI) Logo

Investors sentiment increased to 1.32 in 2018 Q2. 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.

Cornercap Inv Counsel invested 0.22% in Customers Bancorp, Inc. (NYSE:CUBI). Nordea Invest Mngmt accumulated 0.02% or 249,615 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0% or 11,069 shares in its portfolio. Parkside Bankshares holds 38 shares or 0% of its portfolio. New Amsterdam New York stated it has 1.42% in Customers Bancorp, Inc. (NYSE:CUBI). Parametric Portfolio Assoc Limited Liability Company invested 0% in Customers Bancorp, Inc. (NYSE:CUBI). Moreover, Texas Permanent School Fund has 0.01% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 19,110 shares. Citigroup Inc has invested 0% in Customers Bancorp, Inc. (NYSE:CUBI). State Board Of Administration Of Florida Retirement accumulated 10,069 shares. Clean Yield Gp invested in 59,670 shares or 0.7% of the stock. Kbc Nv reported 26,340 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI) for 9,400 shares. Voya Investment Limited Liability Corp, Georgia-based fund reported 46,963 shares. Sageworth Co has invested 0.02% of its portfolio in Customers Bancorp, Inc. (NYSE:CUBI). Moreover, Assetmark Inc has 0.01% invested in Customers Bancorp, Inc. (NYSE:CUBI) for 21,410 shares.

Since May 22, 2018, it had 0 buys, and 5 insider sales for $6.12 million activity. 90,085 Customers Bancorp, Inc. (NYSE:CUBI) shares with value of $2.69M were sold by Ehst Richard A. 50,000 shares were sold by SIDHU JAY S, worth $1.51 million on Thursday, June 14.

Customers Bancorp (NYSE:CUBI) Receives a Downgrade

In a research note sent to clients and investors on Thursday, 8 November, B. Riley FBR has downgraded shares of Customers Bancorp (NYSE:CUBI) stock to a Neutral and has set a 12 month target price equal to $23. CUBI’s last stock rating by B. Riley FBR was a Buy.

The stock decreased 4.13% or $0.89 during the last trading session, reaching $20.67. About 240,403 shares traded. Customers Bancorp, Inc. (NYSE: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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