Yahoo Finance

Stephens raised the firm’s price target on Customers Bancorp (CUBI) to $55 from $53 and keeps an Equal Weight rating on the shares after Q3 earnings came in ahead of expectations. However, the recent regulatory written agreement, elevated usage of brokered deposits and charge-off activity keep the firm on the sidelines from a rating perspective, the analyst tells investors.

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Read More on CUBI:

• Customers Bancorp price target lowered to $55 from $61 at Piper Sandler

• Customers Bancorp price target raised to $80 from $78 at B. Riley

• Customers Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette

• Customers Bancorp Reports Solid Q3 2024 Results

• Customers Bancorp Reports Strong Q3 2024 Financial Results