Customers Bancorp rises after Stephens upgrades stock on valuation

Customers Bancorp

16/03/2026 15:17

** Regional lender Customers Bancorp's CUBI.N shares rise 4.5% to $67.64

** Stephens upgrades CUBI to "equal-weight" from "underweight"; keeps PT unchanged at $71, which implies a 9.7% upside to stock's last close

** Brokerage says CUBI shares are now trading at more-than-sufficient discount to more profitable peers in its view

** Says increased competition from newcomers in the crypto space and developments in the private credit space are key areas to watch out for

** ** Stephens says CUBI's elevated concentration of crypto-related deposits should continue to result in a discounted valuation for the stock

** Seven of 10 brokerages rate the stock "buy" or higher and 3 "hold"; median PT $92.50 - data compiled by LSEG

** As of last close, CUBI stock down 11.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))