Customers Bancorp Inc [NYSE: CUBI] loss -13.31% on the last trading session, reaching $47.01 price per share at the time.
If compared to the average trading volume of 387.41K shares, CUBI reached a trading volume of 3094914 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Customers Bancorp Inc [CUBI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CUBI shares is $71.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CUBI stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for Customers Bancorp Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on December 06, 2023, representing the official price target for Customers Bancorp Inc stock. Previously, the target price had yet another raise to $60, while Raymond James analysts kept a Strong Buy rating on CUBI stock. On October 28, 2022, analysts increased their price target for CUBI shares from 42 to 44.
The Average True Range (ATR) for Customers Bancorp Inc is set at 3.78, with the Price to Sales ratio for CUBI stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 0.93. Price to Free Cash Flow for CUBI in the course of the last twelve months was 17.00.
Trading performance analysis for CUBI stock
Customers Bancorp Inc [CUBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.05. With this latest performance, CUBI shares dropped by -10.46% in over the last four-week period, additionally sinking by -6.91% over the last 6 months – not to mention a rise of 14.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CUBI stock in for the last two-week period is set at 32.58, with the RSI for the last a single of trading hit 23.67, and the three-weeks RSI is set at 38.26 for Customers Bancorp Inc [CUBI]. The present Moving Average for the last 50 days of trading for this stock 51.76, while it was recorded at 53.81 for the last single week of trading, and 50.12 for the last 200 days.
Customers Bancorp Inc [CUBI]: A deeper dive into fundamental analysis
Customers Bancorp Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.23.
Customers Bancorp Inc [CUBI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CUBI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Customers Bancorp Inc go to 10.00%.
An analysis of Institutional ownership at Customers Bancorp Inc [CUBI]
The top three institutional holders of CUBI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CUBI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CUBI stock with ownership which is approximately 5.1238%.
