Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. It operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, non-interest-bearing demand accounts, individual retirement accounts, and other deposit accounts, as well as non-retail time deposits. It also provides commercial and industrial lending services; small business administration and paycheck protection program loans; multi-family and commercial real estate loans; commercial loans to mortgage companies; equipment financing services and specialty lending; mortgage warehouse loans; and home equity and residential mortgage and installment loans. In addition, the company offers private banking services; mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, and positive pay services; and cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; and Chicago, Illinois. Customers Bancorp, Inc. was founded in 1997 and is headquartered in West Reading, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: customersbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $57.00 → $52.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/24/2024 | $79.00 → $53.00 | Outperform → Neutral | Wedbush |
| 8/9/2024 | $49.00 | Outperform → Market Perform | Hovde Group |
| 5/2/2024 | $66.00 → $63.00 | Outperform | Hovde Group |
| 12/6/2023 | $62.00 | Buy | B. Riley Securities |
| 9/29/2023 | $60.00 | Strong Buy | Raymond James |
| 10/28/2022 | $42.00 → $44.00 | Neutral → Buy | DA Davidson |
| 9/28/2022 | $45.00 | Outperform | Wedbush |
| 3/29/2022 | $62.50 | Equal-Weight | Stephens |
| 3/29/2022 | $72.00 → $80.00 | Mkt Perform → Outperform | Keefe Bruyette |
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
Keefe Bruyette downgraded Customers Bancorp from Outperform to Mkt Perform and set a new price target of $52.00 from $57.00 previously
Wedbush downgraded Customers Bancorp from Outperform to Neutral and set a new price target of $53.00 from $79.00 previously
Hovde Group downgraded Customers Bancorp from Outperform to Market Perform and set a new price target of $49.00
Hovde Group reiterated coverage of Customers Bancorp with a rating of Outperform and set a new price target of $63.00 from $66.00 previously
B. Riley Securities resumed coverage of Customers Bancorp with a rating of Buy and set a new price target of $62.00
Raymond James initiated coverage of Customers Bancorp with a rating of Strong Buy and set a new price target of $60.00
DA Davidson upgraded Customers Bancorp from Neutral to Buy and set a new price target of $44.00 from $42.00 previously
Wedbush resumed coverage of Customers Bancorp with a rating of Outperform and set a new price target of $45.00
Stephens initiated coverage of Customers Bancorp with a rating of Equal-Weight and set a new price target of $62.50
Keefe Bruyette upgraded Customers Bancorp from Mkt Perform to Outperform and set a new price target of $80.00 from $72.00 previously