Customers Bancorp Company Profile (NYSE:CUBI)

About Customers Bancorp (NYSE:CUBI)

Customers Bancorp logoCustomers Bancorp, Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County). The Bank also provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies. The Bank offers a range of traditional loan and deposit banking products, and financial services. Customers Bank offers a range of lending products.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:CUBI
  • CUSIP: N/A
  • Web: www.customersbank.com
Capitalization:
  • Market Cap: $851.54 million
  • Outstanding Shares: 30,636,000
Average Prices:
  • 50 Day Moving Avg: $28.57
  • 200 Day Moving Avg: $31.45
  • 52 Week Range: $24.37 - $36.93
P/E:
  • Trailing P/E Ratio: 11.54
  • Foreward P/E Ratio: 9.58
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $281.48 million
  • Price / Sales: 3.02
  • Book Value: $21.62 per share
  • Price / Book: 1.29
Profitability:
  • Net Margins: 22.34%
  • Return on Equity: 15.32%
  • Return on Assets: 0.96%
Debt:
  • Debt-to-Equity Ratio: 1.99%
  • Current Ratio: 1.21%
  • Quick Ratio: 0.97%
Misc:
  • Average Volume: 216,335 shs.
  • Beta: 0.63
  • Short Ratio: 9.35
 
Frequently Asked Questions for Customers Bancorp (NYSE:CUBI)

What is Customers Bancorp's stock symbol?

Customers Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBI."

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc (NYSE:CUBI) released its earnings results on Wednesday, April, 26th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.09. The company earned $62.42 million during the quarter, compared to analyst estimates of $66.31 million. Customers Bancorp had a return on equity of 15.32% and a net margin of 22.34%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. View Customers Bancorp's Earnings History.

Where is Customers Bancorp's stock going? Where will Customers Bancorp's stock price be in 2017?

3 brokerages have issued twelve-month target prices for Customers Bancorp's stock. Their forecasts range from $36.00 to $50.00. On average, they anticipate Customers Bancorp's stock price to reach $42.00 in the next twelve months. View Analyst Ratings for Customers Bancorp.

What are analysts saying about Customers Bancorp stock?

Here are some recent quotes from research analysts about Customers Bancorp stock:

  • 1. According to Zacks Investment Research, "Customers Bancorp is a bank holding company of Customers Bank, a state-chartered bank in Pennsylvania. It provides banking services to small and medium-sized businesses, professionals, individuals and families. The company offers depository products, commercial lending products, specialty lending products and consumer lending. In addition, the company offers other financial services, including Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier services, merchant processing, cash vault, controlled disbursements, and positive pay services, as well as cash management services comprising account reconciliation, collections, and sweep accounts. The bank has its branches in Pennsylvania, New York and New Jersey. Customers Bancorp is headquartered in Wyomissing, Pennsylvania. " (6/27/2017)
  • 2. Maxim Group analysts commented, "CUBI reported 1Q17 GAAP EPS from continuing operations (without BankMobile, but with its deposits) of $0.71." (4/27/2017)
  • 3. FBR & Co analysts commented, "We reiterate our Outperform rating on Customers Bancorp (CUBI) and raise our price target to $40 (from $32) following recent travels with management. We think that this is a great time for investors to revisit CUBI given recently topped up capital levels, new 2018 EPS guidance of $3.00, and the near-term sale of BankMobile, which we expect to add $1.60 to $4.00 of TBV. We also consider CUBI a great choice for bank investors looking for banks seen as clearly attractively valued despite the recent move higher in bank industry valuations." (12/8/2016)

Who are some of Customers Bancorp's key competitors?

Who are Customers Bancorp's key executives?

Customers Bancorp's management team includes the folowing people:

  • Jay S. Sidhu, Chairman of the Board, Chief Executive Officer
  • Richard A. Ehst, President, Chief Operating Officer
  • Robert E. Wahlman CPA, Chief Financial Officer, Executive Vice President of the Company and the Bank
  • Glenn Alan Hedde, Executive Vice President, President - Banking to Mortgage Companies
  • Steven J. Issa, Executive Vice President, New England Market President and Market Chief Lending Officer
  • Daniel K. Rothermel, Lead Independent Director
  • Andrea R. Allon, Independent Director
  • Rick B. Burkey, Independent Director
  • Bhanu Choudhrie, Independent Director
  • T. Lawrence Way, Independent Director

Who owns Customers Bancorp stock?

Customers Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.84%), Bank of Montreal Can (0.37%), Adams Diversified Equity Fund Inc. (0.10%), Louisiana State Employees Retirement System (0.04%), BLB&B Advisors LLC (0.03%) and Livforsakringsbolaget Skandia Omsesidigt (0.03%). Company insiders that own Customers Bancorp stock include Bhanu Choudhrie, Glenn Hedde, Jay S Sidhu, Richard A Ehst, Rick Burkey and Steven Issa. View Institutional Ownership Trends for Customers Bancorp.

Who sold Customers Bancorp stock? Who is selling Customers Bancorp stock?

Customers Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Adams Diversified Equity Fund Inc., US Bancorp DE, Capstone Asset Management Co. and Creative Planning. Company insiders that have sold Customers Bancorp stock in the last year include Bhanu Choudhrie, Jay S Sidhu, Richard A Ehst, Rick Burkey and Steven Issa. View Insider Buying and Selling for Customers Bancorp.

Who bought Customers Bancorp stock? Who is buying Customers Bancorp stock?

Customers Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Peregrine Capital Management LLC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Customers Bancorp.

How do I buy Customers Bancorp stock?

Shares of Customers Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Customers Bancorp's stock price today?

One share of Customers Bancorp stock can currently be purchased for approximately $27.79.


MarketBeat Community Rating for Customers Bancorp (NYSE CUBI)
Community Ranking:  3.1 out of 5 (  )
Outperform Votes:  107 (Vote Outperform)
Underperform Votes:  68 (Vote Underperform)
Total Votes:  175
MarketBeat's community ratings are surveys of what our community members think about Customers Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Customers Bancorp (NYSE:CUBI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $42.00 (51.13% upside)

Analysts' Ratings History for Customers Bancorp (NYSE:CUBI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/30/2017Keefe, Bruyette & WoodsReiterated RatingHold$36.00MediumView Rating Details
4/27/2017Maxim GroupReiterated RatingBuy$50.00MediumView Rating Details
12/8/2016FBR & CoBoost Price TargetOutperform$32.00 -> $40.00N/AView Rating Details
12/26/2015Boenning ScattergoodReiterated RatingOutperform$33.00 -> $31.50N/AView Rating Details
(Data available from 7/23/2015 forward)

Earnings

Earnings History for Customers Bancorp (NYSE:CUBI)
Earnings by Quarter for Customers Bancorp (NYSE:CUBI)
Earnings History by Quarter for Customers Bancorp (NYSE CUBI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017Q1 2017$0.62$0.71$66.31 million$62.42 millionViewN/AView Earnings Details
1/26/2017Q416$0.62$0.76$92.65 million$65.06 millionViewN/AView Earnings Details
10/26/2016Q316$0.60$0.64$86.88 million$92.07 millionViewListenView Earnings Details
7/20/2016Q216$0.60$0.60$66.37 million$71.42 millionViewListenView Earnings Details
4/14/2016Q116$0.55$0.57$55.31 million$57.60 millionViewListenView Earnings Details
1/20/2016Q415$0.50$0.58$50.78 million$53.47 millionViewListenView Earnings Details
10/28/2015Q315$0.50$0.50$55.15 million$56.11 millionViewListenView Earnings Details
7/23/2015Q215$0.49$0.52$54.23 million$52.95 millionViewListenView Earnings Details
4/28/2015Q115$0.46$0.49$50.94 million$52.06 millionViewN/AView Earnings Details
1/27/2015Q414$0.44$0.47$48.52 million$50.79 millionViewN/AView Earnings Details
10/21/2014Q314$0.41$0.42$46.01 million$45.32 millionViewN/AView Earnings Details
7/23/2014Q214$0.36$0.37$40.10 million$43.84 millionViewN/AView Earnings Details
4/21/2014Q1 14$0.31$0.32$27.10 million$37.10 millionViewN/AView Earnings Details
1/23/2014Q4 13$0.32$0.36ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Customers Bancorp (NYSE:CUBI)
Current Year EPS Consensus Estimate: $2.58 EPS
Next Year EPS Consensus Estimate: $2.9 EPS

Dividends

Dividend History for Customers Bancorp (NYSE:CUBI)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Customers Bancorp (NYSE:CUBI)
Insider Ownership Percentage: 8.67%
Institutional Ownership Percentage: 88.89%
Insider Trades by Quarter for Customers Bancorp (NYSE:CUBI)
Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)
Insider Trades by Quarter for Customers Bancorp (NYSE:CUBI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/21/2017Richard A. EhstInsiderSell2,970$31.20$92,664.00View SEC Filing  
3/15/2017Bhanu ChoudhrieDirectorSell300,000$32.63$9,789,000.00View SEC Filing  
3/15/2017Jay S. SidhuCEOSell100,000$32.49$3,249,000.00View SEC Filing  
3/14/2017Richard A. EhstInsiderSell73,544$33.17$2,439,454.48View SEC Filing  
3/13/2017Rick BurkeyDirectorSell9,776$33.20$324,563.20View SEC Filing  
3/10/2017Steven IssaVPSell4,463$33.00$147,279.00View SEC Filing  
6/7/2016Glenn HeddeInsiderSell16,663$27.00$449,901.00View SEC Filing  
5/31/2016Richard A EhstCOOSell9,500$26.82$254,790.00View SEC Filing  
3/17/2016Glenn HeddeInsiderSell19,868$23.24$461,732.32View SEC Filing  
5/29/2015Robert E WahlmanCFOBuy17,000$25.08$426,360.00View SEC Filing  
2/2/2015Jay S SidhuCEOBuy24,340$20.52$499,456.80View SEC Filing  
2/19/2014Glenn HeddeInsiderSell9,330$19.46$181,561.80View SEC Filing  
11/19/2013Robert WahlmanCFOBuy30,000$16.74$502,200.00View SEC Filing  
11/18/2013Jay SidhuCEOBuy25,800$16.95$437,310.00View SEC Filing  
5/21/2013Daniel K RothermelDirectorBuy5,970$16.75$99,997.50View SEC Filing  
5/21/2013James D HoganCFOBuy4,925$16.75$82,493.75View SEC Filing  
5/21/2013Jay S SidhuCEOBuy14,925$16.75$249,993.75View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Customers Bancorp (NYSE:CUBI)
Latest Headlines for Customers Bancorp (NYSE:CUBI)
Source:
DateHeadline
americanbankingnews.com logoCustomers Bancorp (NYSE:CUBI) versus East West Bancorp (EWBC) Head-To-Head Review
www.americanbankingnews.com - July 23 at 7:51 AM
americanbankingnews.com logo$74.05 Million in Sales Expected for Customers Bancorp, Inc (NYSE:CUBI) This Quarter
www.americanbankingnews.com - July 20 at 1:24 PM
cnbc.com logoAsia Inc perpetual bonds have bumper year as Softbank joins ranks
www.cnbc.com - July 19 at 11:47 PM
americanbankingnews.com logoZacks: Analysts Anticipate Customers Bancorp, Inc (CUBI) to Post $0.62 EPS
www.americanbankingnews.com - July 18 at 11:59 AM
americanbankingnews.com logoCustomers Bancorp, Inc (CUBI) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 17 at 12:04 PM
feeds.benzinga.com logoCustomers Bancorp, Inc. to Host Second Quarter 2017 Earnings Call on July 27, 2017
feeds.benzinga.com - July 14 at 6:28 PM
americanbankingnews.com logoCustomers Bancorp, Inc (CUBI) Set to Announce Quarterly Earnings on Tuesday
www.americanbankingnews.com - July 14 at 7:34 AM
News IconThe Bank of Canada rate hike sends the loonie to an 11-month high
www.businessinsider.com - July 12 at 8:29 PM
businesswire.com logoBragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Eco Science Solutions, Inc. (ESSI) and Encourages Investors with Losses to ...
www.businesswire.com - July 12 at 8:29 PM
nasdaq.com logoGov. Hickenlooper on Colorado's Improved Business Climate - Presented by: The Aol. On Network
www.nasdaq.com - July 12 at 8:29 PM
globenewswire.com logoHome Federal Bancorp, Inc. of Louisiana Announces Increase in the Quarterly Cash Dividend to $0.12 per Share
globenewswire.com - July 12 at 8:29 PM
americanbankingnews.com logoKeefe, Bruyette & Woods Reaffirms "Hold" Rating for Customers Bancorp, Inc (CUBI)
www.americanbankingnews.com - July 1 at 11:20 AM
finance.yahoo.com logoCustomers Bancorp Announces Closing of $100 Million, 3.95% Senior Notes Offering
finance.yahoo.com - June 30 at 5:46 PM
americanbankingnews.com logoZacks Investment Research Lowers Customers Bancorp, Inc (CUBI) to Hold
www.americanbankingnews.com - June 27 at 10:20 PM
americanbankingnews.com logoCustomers Bancorp, Inc (CUBI) Expected to Post Quarterly Sales of $74.05 Million
www.americanbankingnews.com - June 24 at 9:52 AM
americanbankingnews.com logoCustomers Bancorp, Inc (CUBI) Expected to Announce Earnings of $0.62 Per Share
www.americanbankingnews.com - June 22 at 9:04 AM
finance.yahoo.com logoCustomers Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : CUBI-US : June 12, 2017
finance.yahoo.com - June 12 at 5:32 PM
finance.yahoo.com logoCustomers Bank Named Among Top Performers in Annual Ranking of Mid-Tier U.S. Banks, According to American Banker Magazine
finance.yahoo.com - June 12 at 5:32 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - June 8 at 9:44 PM
finance.yahoo.com logoETFs with exposure to Customers Bancorp, Inc. : June 8, 2017
finance.yahoo.com - June 8 at 5:36 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - June 7 at 10:26 PM
finance.yahoo.com logoCustomers Bancorp, Inc. :CUBI-US: Earnings Analysis: Q1, 2017 By the Numbers : June 6, 2017
finance.yahoo.com - June 6 at 4:47 PM
streetinsider.com logoCustomers Bancorp (CUBI) Considering Restructuring Flagship Deal
www.streetinsider.com - May 31 at 9:39 PM
americanbankingnews.com logoZacks: Analysts Expect Customers Bancorp Inc (CUBI) Will Post Quarterly Sales of $74.05 Million
www.americanbankingnews.com - May 31 at 3:18 PM
americanbankingnews.com logo Brokerages Expect Customers Bancorp Inc (CUBI) to Post $0.62 Earnings Per Share
www.americanbankingnews.com - May 29 at 9:41 AM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Upgraded to "B" by TheStreet
www.americanbankingnews.com - May 19 at 4:40 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Expected to Announce Quarterly Sales of $74.05 Million
www.americanbankingnews.com - May 5 at 2:00 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Customers Bancorp Inc (CUBI) Will Post Earnings of $0.62 Per Share
www.americanbankingnews.com - May 3 at 4:10 PM
americanbankingnews.com logoCustomers Bancorp (CUBI) Getting Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - May 2 at 1:32 PM
americanbankingnews.com logoPositive Press Coverage Likely to Impact Customers Bancorp (CUBI) Share Price
www.americanbankingnews.com - April 28 at 9:40 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 27 at 6:42 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) Rating Reiterated by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 27 at 5:34 PM
americanbankingnews.com logoCustomers Bancorp's (CUBI) "Buy" Rating Reiterated at Maxim Group
www.americanbankingnews.com - April 27 at 5:31 PM
finance.yahoo.com logoEdited Transcript of CUBI earnings conference call or presentation 26-Apr-17 9:00pm GMT
finance.yahoo.com - April 27 at 5:07 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Extremely Likely to Affect Customers Bancorp (CUBI) Share Price
www.americanbankingnews.com - April 22 at 9:15 AM
americanbankingnews.com logoCustomers Bancorp (CUBI) Given News Impact Rating of 0.10
www.americanbankingnews.com - April 18 at 4:10 PM
americanbankingnews.com logoCustomers Bancorp (CUBI) Given Media Impact Score of 0.35
www.americanbankingnews.com - April 14 at 11:53 PM
americanbankingnews.com logo Analysts Anticipate Customers Bancorp Inc (CUBI) Will Post Quarterly Sales of $72.12 Million
www.americanbankingnews.com - April 14 at 1:44 PM
finance.yahoo.com logoCustomers Bancorp, Inc. to Host First Quarter 2017 Earnings Call on April 26, 2017
finance.yahoo.com - April 12 at 4:36 PM
americanbankingnews.com logo Brokerages Anticipate Customers Bancorp Inc (CUBI) Will Post Earnings of $0.62 Per Share
www.americanbankingnews.com - April 12 at 12:58 PM
americanbankingnews.com logoCustomers Bancorp Inc (CUBI) to Release Earnings on Wednesday
www.americanbankingnews.com - April 10 at 7:17 AM
americanbankingnews.com logoRichard A. Ehst Sells 2,970 Shares of Customers Bancorp Inc (CUBI) Stock
www.americanbankingnews.com - March 21 at 7:58 PM
seekingalpha.com logoCustomers Bancorp Fixed-To-Floating Rate Preferred Stock - An Antidote For Rising Rates
seekingalpha.com - March 11 at 4:28 PM
streetinsider.com logoCustomers Bancorp (CUBI) to Sell BankMobile Division to Flagship Community Bank for $175M
www.streetinsider.com - March 8 at 5:20 PM
biz.yahoo.com logoCUSTOMERS BANCORP, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhi
biz.yahoo.com - March 8 at 5:20 PM
finance.yahoo.com logoCustomers Bancorp Executes Agreement to Sell BankMobile Division to Flagship Community Bank
finance.yahoo.com - March 8 at 5:20 PM
bizjournals.com logoCustomers Bancorp agrees to sell BankMobile for $175M
www.bizjournals.com - March 8 at 5:20 PM
nasdaq.com logoCustomers Bancorp Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C About To Put More Money In Your Pocket
www.nasdaq.com - February 23 at 2:51 AM
finance.yahoo.com logoZacks.com featured highlights: Xcerra, Glaukos, Nova Measuring Instruments, Customers Bancorp and DNB Financial
finance.yahoo.com - February 17 at 3:37 PM
finance.yahoo.com logo8 Stocks with Recent Price Strength to Enhance Your Returns
finance.yahoo.com - February 16 at 1:28 PM

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Chart

Customers Bancorp (CUBI) Chart for Sunday, July, 23, 2017

This page was last updated on 7/23/2017 by MarketBeat.com Staff