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CUBI

Customers Bancorp

$22.24

0.42 (1.92%)

14:35
10/15/18
10/15
14:35
10/15/18
14:35

Customers Bancorp expects to reach NIM target of 2.75%+ by end of 2019

In presentation slides shared in a regulatory filing, Customers Bancorp said it expects to reach its NIM target of 2.75%+ by the end of 2019. The bank sees a ROA of 1.25% in 3-5 years with "double digit" ROTCE. The slides added: "In 2019 and 2020 with a stable balance sheet and no dividend, every dollar earned will add to capital ratios. Our board with evaluate share repurchases when shares are undervalued. In times of stronger valuation our board will evaluate calling preferred."

  • 15

    Oct

  • 26

    Oct

CUBI Customers Bancorp
$22.24

0.42 (1.92%)

10/15/18
SDLR
10/15/18
UPGRADE
Target $26.5
SDLR
Buy
Customers Bancorp upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst Frank Schiraldi upgraded Customers Bancorp to Buy with a $26.50 price target. With the stock now trading below tangible book and the company delivering a "positive earnings stream" with "no obvious industry credit concerns on the horizon," Customers offers a good risk/reward profile at current levels, Schiraldi tells investors in a research note.
02/14/18
02/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hershey (HSY) reinstated with a Neutral at JPMorgan. 2. Customers Bancorp (CUBI) initiated with a Neutral at DA Davidson. 3. Restoration Robotics (HAIR) initiated with a Buy at Craig-Hallum. 4. Nuvectra (NVTR) initiated with an Outperform at JMP Securities. 5. Endo (ENDP) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
DADA
02/14/18
INITIATION
Target $33
DADA
Neutral
Customers Bancorp initiated with a Neutral at DA Davidson
DA Davidson analyst Russell Gunther initiated Customers Bancorp with a price target of $33, saying the bank has grown organically at a 39% annual rate since its 2012 IPO. The analyst notes that following a write-down of Religare and spin-off of BankMobile in the second of half of this year. Customers Bancorp will "shine" and capture a "valuation re-rate" as its profitability ratios approach peer levels. Gunther keeps his Neutral rating, warning there is some uncertainty overhang around the timing of BankMobile spin-off.
12/08/17
RILY
12/08/17
INITIATION
Target $35
RILY
Buy
Customers Bancorp resumed with a Buy at B. Riley FBR
B. Riley FBR resumed coverage of Customers Bancorp with a Buy rating and $35 price target.

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EPAY

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WATT

Energous

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MOSC

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0.005 (0.05%)

05:09
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ASMB

Assembly Biosciences

$9.30

0.3 (3.33%)

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AVAV

AeroVironment

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0.02 (0.04%)

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PSTG

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SCS

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