Maxim Group Reiterates a Buy Rating on Customers Bancorp (CUBI)

Maxim Group analyst Michael Diana reiterated a Buy rating on Customers Bancorp (CUBIResearch Report) yesterday and set a price target of $27.00. The company’s shares closed last Friday at $11.85.

According to, Diana is ranked 0 out of 5 stars with an average return of -5.6% and a 46.1% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

Customers Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $21.00.

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Customers Bancorp’s market cap is currently $373.2M and has a P/E ratio of 7.30. The company has a Price to Book ratio of 0.51.

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Customers Bancorp, Inc. operates as a bank holding company. It operates through the following segments: Customers Bank Business Banking and BankMobile. The Customers Bank Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington D.C., and Illinois through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment provides state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.