The Market Is Sleeping on This Stock. It's Time to Buy
Like many stocks during the pandemic, Customers Bancorp (NYSE: CUBI), a roughly $20 billion asset bank based in Pennsylvania, went on a big run. Its shares rose from about $18 entering 2021 all the way to more than $74 in early 2022.
And also like many stocks this year, Customers has been sold off sharply, now trading for less than $32. That means Customers' stock now trades below its tangible book value or net worth.
Despite the sell-off, the bank's performance continues to be rock-solid, and management continues to ramp up new product niches that have great promise of generating strong returns down the line. I think the market is sleeping here, and that now's the time to buy.
Source Fool.com
