Tag: UNTY

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Wells Fargo (WFC – Research Report), Customers Bancorp (CUBI – Research Report) and Unity Bancorp (UNTY – Research Report).

Wells Fargo (WFC)

KBW analyst David Konrad maintained a Hold rating on Wells Fargo yesterday and set a price target of $62.00. The company’s shares closed last Monday at $57.54, close to its 52-week high of $58.44.

According to TipRanks.com, Konrad is a 5-star analyst with an average return of 20.9% and a 76.6% success rate. Konrad covers the Financial sector, focusing on stocks such as Huntington Bancshares, JPMorgan Chase & Co., and Goldman Sachs Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wells Fargo with a $62.08 average price target, a 7.8% upside from current levels. In a report issued on April 8, Compass Point also downgraded the stock to Hold with a $64.00 price target.

See the top stocks recommended by analysts >>

Customers Bancorp (CUBI)

In a report released yesterday, Kelly Motta from KBW maintained a Buy rating on Customers Bancorp, with a price target of $67.00. The company’s shares closed last Monday at $47.67.

According to TipRanks.com, Motta is a 3-star analyst with an average return of 6.2% and a 53.6% success rate. Motta covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Southern Missouri Bancorp, and National Bank Holdings.

Currently, the analyst consensus on Customers Bancorp is a Strong Buy with an average price target of $66.20, a 34.7% upside from current levels. In a report issued on April 8, Jefferies also maintained a Buy rating on the stock with a $64.00 price target.

Unity Bancorp (UNTY)

In a report issued on April 12, Christopher O’Connell from KBW reiterated a Buy rating on Unity Bancorp, with a price target of $35.00. The company’s shares closed last Friday at $26.28.

According to TipRanks.com, O’Connell is a 3-star analyst with an average return of 2.6% and a 37.5% success rate. O’Connell covers the Financial sector, focusing on stocks such as Peapack-Gladstone Financial, Metropolitan Bank Holding, and Dime Community Bancshares.

Currently, the analyst consensus on Unity Bancorp is a Strong Buy with an average price target of $34.50, which is a 30.2% upside from current levels. In a report issued on April 12, Janney Montgomery also maintained a Buy rating on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on WFC:

• Wells Fargo: Consumer credit performing as expected
• Wells Fargo continues to see strength in U.S. economy, says CEO
• Wells Fargo continuing to execute on efficiency initiatives
• Wells Fargo expects to repurchase more stock this year than in 2023
• WFC Earnings: Wells Fargo’s Q1 Earnings Beat Estimates