Customers Bancorp Inc [NYSE: CUBI] traded at a high on Thursday, posting a 0.93 gain after which it closed the day’ session at $45.52.
The results of the trading session contributed to over 182654 shares changing hands. Over the past one week, the price volatility of Customers Bancorp Inc stands at 3.81% while the volatility over the past one month is 5.10%.
The market cap for CUBI stock reached $1.43 billion, with 31.35 million shares outstanding and 28.85 million shares in the current float. Compared to the average trading volume of 312.53K shares, CUBI reached a trading volume of 182654 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $66.38 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 2.00. 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.
Keefe Bruyette have made an estimate for Customers Bancorp Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 04, 2024. While these analysts kept the previous recommendation, Wedbush dropped their target price from $79 to $53. The new note on the price target was released on September 24, 2024, representing the official price target for Customers Bancorp Inc stock. Previously, the target price had yet another raise to $49, while Hovde Group analysts kept a Market Perform rating on CUBI stock. On May 02, 2024, analysts decreased their price target for CUBI shares from 66 to 63.
The Average True Range (ATR) for Customers Bancorp Inc is set at 2.47, with the Price to Sales ratio for CUBI stock in the period of the last 12 months amounting to 1.03. The Price to Book ratio for the last quarter was 0.84. Price to Free Cash Flow for CUBI in the course of the last twelve months was 9.98.
How has CUBI stock performed recently?
Customers Bancorp Inc [CUBI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.71. With this latest performance, CUBI shares dropped by -11.68% in over the last four-week period, additionally sinking by -4.85% over the last 6 months – not to mention a drop of -1.77% 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 42.50, with the RSI for the last a single of trading hit 44.65, and the three-weeks RSI is set at 42.23 for Customers Bancorp Inc [CUBI]. The present Moving Average for the last 50 days of trading for this stock 50.96, while it was recorded at 44.76 for the last single week of trading, and 51.21 for the last 200 days.
Customers Bancorp Inc [CUBI]: Deeper insight into the fundamentals
Customers Bancorp Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.31.
Insider trade positions for Customers Bancorp Inc [CUBI]
There are presently around $93.38%, or 100.98%% of CUBI stock, in the hands of institutional investors. The top three institutional holders of CUBI stocks are: BLACKROCK INC. with ownership of 4.58 million shares, which is approximately 14.4595%. WELLINGTON MANAGEMENT GROUP LLP, holding 3.22 million shares of the stock with an approximate value of $$154.64 million in CUBI stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $$107.57 million in CUBI stock with ownership which is approximately 7.1239%.
