This Tech-Driven Bank Stock Is Still Dirt Cheap
Since the pandemic began, Customers Bancorp (NYSE: CUBI), a roughly $20 billion asset bank based in Pennsylvania, has seen its stock price more than triple, only to see it then fall back significantly this year along with many other bank and tech stocks. That whole time, the bank has not only performed well, but it has also been rolling out a wide range of new banking products and services that should continue to fuel growth moving forward.
The fact that the market is missing this performance, growth, and expansion leads me to believe Customers Bancorp stock is undervalued. Here's why.
Customers has some of the most diverse product offerings I've seen for a bank of its size. The bulk of the bank's business is in the commercial space, where it does all sorts of lending, from commercial real estate to multi-family to loans made in partnership with the U.S. Small Business Administration to specialty banking.
Source Fool.com
