DA Davidson Remains Buying Recommendation for Customer Bancorp (CUBI)

Fintel reported on July 6, 2023 by Attorney Davidson: maintained Scope of Customers Bancorp (New York Stock Exchange: Cubi) with buy recommendation.

Analyst Price Expectations Suggest 15.21% Gains

One-year average as of July 6, 2023 target price for Customers Bancorp is 36.21. Expectations range from a low of $25.25 to a high of $47.25. The average target price is up 15.21% from the latest reported closing price of 31.43.

see our corporate leaderboard The target price has the most upside potential.

Customers Bancorp’s expected annual revenue is 623 million, an increase of 9.83%.Non-GAAP Annual Forecast EPS It’s 6.12.

What is Fund Sentiment?

there is 492 foundations or institutions reporting positions That’s a decrease of 46 owners or 8.55% from the last quarter.Portfolio average weight out of all funds CUBI dedicated was 0.10%, down 24.03%. Total shares owned by institutional investors fell by 5.36% over the past three months to 31,382,000 shares. of put/call ratio CUBI’s index is 1.24, indicating a bearish outlook.

What are other shareholders doing?

CUBI / Customers Bancorp Inc. Shares held by the institution

IJR – iShares Core S&P Small Cap ETF owns 2,148,000 shares representing a 6.87% ownership interest in the company. There was no change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 939,000 shares representing a 3.00% ownership interest in the company. Earlier filings reported that the company owned 940,000 shares. Decrease 0.10%.office Diminished Portfolio allocation to CUBI increased 39.72% QoQ.

KRE – SPDR(R) S&P Regional Banking (SM) ETF owns 786,000 shares representing a 2.51% ownership interest in the company. Earlier filings reported that the company owned 382,000 shares. will increase 51.33%.office increased Portfolio allocation to CUBI increased by 28.47% QoQ.

IWM – iShares Russell 2000 ETF owns 674,000 shares representing a 2.16% ownership interest in the company. There was no change in the last quarter.

Jacobs Levy Equity Management owns 674,000 shares representing a 2.16% ownership interest in the company. Earlier filings reported that the company owned 187,000 shares. will increase 72.25%.office increased Portfolio allocation to CUBI increased 113.29% QoQ.

Customer Bancorp Background Information
(This description was provided by us.)

Customers Bank, a subsidiary of Customers Bancorp, Inc., a bank holding company, is a full-service super community bank with approximately $18.4 billion in assets as of December 31, 2020. It is a member of the Federal Reserve System and its deposits are federally insured. Deposit Insurance Corporation, Customers Bank is an equal opportunity financing company that provides a wide range of banking and financing services to small businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches.

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reported on July 6, 2023 by Attorney Davidson: maintained Scope of Customers Bancorp (New York Stock Exchange: Cubi) with buy recommendation. Analyst Price Expectations Suggest 15.21% Gains One-year average as of July 6, 2023 target price for Customers Bancorp is 36.21. Expectations range from a low of $25.25 to a high of $47.25. The average target price is up 15.21% from the latest reported closing price of 31.43.

see our corporate leaderboard The target price has the most upside potential. Customers Bancorp’s expected annual revenue is 623 million, an increase of 9.83%.Non-GAAP Annual Forecast EPS It’s 6.12. What is Fund Sentiment? there is 492 foundations or institutions reporting positions That’s a decrease of 46 owners or 8.55% from the last quarter.Portfolio average weight out of all funds CUBI dedicated was 0.10%, down 24.03%. Total shares owned by institutional investors fell by 5.36% over the past three months to 31,382,000 shares. of put/call ratio CUBI’s index is 1.24, indicating a bearish outlook. What are other shareholders doing? IJR – iShares Core S&P Small Cap ETF owns 2,148,000 shares representing a 6.87% ownership interest in the company. There was no change in the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 939,000 shares representing a 3.00% ownership interest in the company. Earlier filings reported that the company owned 940,000 shares. Decrease 0.10%.office Diminished Portfolio allocation to CUBI increased 39.72% QoQ.

KRE – SPDR(R) S&P Regional Banking (SM) ETF owns 786,000 shares representing a 2.51% ownership interest in the company. Earlier filings reported that the company owned 382,000 shares. will increase 51.33%.office increased Portfolio allocation to CUBI increased by 28.47% QoQ. IWM – iShares Russell 2000 ETF owns 674,000 shares representing a 2.16% ownership interest in the company. There was no change in the last quarter. Jacobs Levy Equity Management owns 674,000 shares representing a 2.16% ownership interest in the company. Earlier filings reported that the company owned 187,000 shares. will increase 72.25%.office increased Portfolio allocation to CUBI increased 113.29% QoQ. Customer Bancorp Background Information(This description was provided by us.) Customers Bank, a subsidiary of Customers Bancorp, Inc., a bank holding company, is a full-service super community bank with approximately $18.4 billion in assets as of December 31, 2020. It is a member of the Federal Reserve System and its deposits are federally insured. Deposit Insurance Corporation, Customers Bank is an equal opportunity financing company that provides a wide range of banking and financing services to small businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches.

Additional resources: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/da-davidson-maintains-customers-bancorp-cubi-buy-recommendation DA Davidson Remains Buying Recommendation for Customer Bancorp (CUBI)

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