NYSE:CUBI

Customers Bancorp (CUBI) Stock Forecast, Price & News

$24.68

+1.02 (+4.31%)

(As of 05/26/2023 ET)

Compare

Today's Range: $23.17
▼
$24.69
50-Day Range: $16.02
▼
$24.68
52-Week Range: $6.87
▼
$41.85

Volume: 294,212 shs
Average Volume: 644,797 shs
Market Capitalization: $771.25 million

P/E Ratio: 4.22
Dividend Yield: N/A
Price Target: $50.13

Customers Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 103.1% Upside
$50.13 Price Target
Short Interest: Bearish
8.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$553,500 Bought Last Quarter
Proj. Earnings Growth: 3.09%
From $5.83 to $6.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Finance Sector

485th out of 903 stocks

State Commercial Banks Industry

136th out of 190 stocks

3.4

Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.13, Customers Bancorp has a forecasted upside of 103.1% from its current price of $24.68.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.53% of the float of Customers Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Customers Bancorp has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Customers Bancorp has recently increased by 2.13%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Customers Bancorp does not currently pay a dividend.
Dividend Growth
Customers Bancorp does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CUBI.

1.3

News and Social Media Coverage

News Sentiment
Customers Bancorp has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Customers Bancorp this week, compared to 4 articles on an average week.
Search Interest
Only 4 people have searched for CUBI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Customers Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $553,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.75% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
84.33% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to grow by 3.09% in the coming year, from $5.83 to $6.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 4.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 4.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.30.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Customers Bancorp (NYSE:CUBI) Stock

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank. Customers Bancorp, Inc. was founded in 1997 as New Century Bank which operated 5 branches in Southern Pennsylvania. The company’s lending portfolio, which was primarily residential mortgage loans, led to the bank's eventual rebranding and hiring of Jay Sidhu as chairman and chief executive officer. The bank changed to a Bank Holding Company after it made a few strategic acquisitions and it now operates 12 full-service branches across 10 states and provides financial services to individuals, and small, and medium-sized businesses. The bank was a “troubled asset” worth $250 million when Mr. Sidhu took over and now it is worth upwards of $20 billion.

Customers Bancorp, Inc is a super-community bank operating in multiple states across the US. The company’s assets topped $20.3 billion in mid-2022 which put it on par with many of the US regional banks. The company sets itself apart by offering dedicated personal service to all its clients and by operating as a digital-first business. This means a single point of contact to help with any needs that may arise and full-service digital banking for all client needs.

Customers Bancorp offers traditional deposit products, including checking, savings, MMDA, and other deposit accounts as well as a full range of loans. Loan products include but are not limited to commercial warehouse loans, loans for multi-family construction, commercial real estate, small business loans, equipment financing, residential mortgages, and consumer lines of credit.

The company also offers traditional and business banking activities including mobile, internet, wire transfers, electronic bill payment, safe deposit boxes, remote capture, courier, payment processing services, and cash management.

Among the many services offered by Customers Bancorp are digital assets. The company supports a wide range of cryptocurrency-related services for individuals and businesses and even uses its own token. The token is used to power instant B2B payments across the TassatPay blockchain network. The company’s native token is CBIT (Customers Bancorp Instant Token).

Customers Bancorp is headquartered in West Reading, Pennsylvania, and operates 12 full-service branches, as well as production and administrative offices in several counties in southeastern Pennsylvania, New York, Massachusetts, Rhode Island, New Hampshire, Illinois, Florida, and North Carolina.

Receive CUBI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Customers Bancorp and its competitors with MarketBeat's FREE daily newsletter.

CUBI Stock News Headlines

May 25, 2023 | americanbankingnews.com

Brokerages Set Customers Bancorp, Inc. (NYSE:CUBI) Price Target at $51.00

May 21, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Now Covered by StockNews.com

May 27, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 19, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Shares Gap Up to $19.59

May 5, 2023 | americanbankingnews.com

DA Davidson Weighs in on Customers Bancorp, Inc.'s Q2 2023 Earnings (NYSE:CUBI)

May 4, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Given New $45.00 Price Target at Maxim Group

May 4, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Rating Increased to Hold at StockNews.com

May 2, 2023 | finance.yahoo.com

Customers Bancorp Benefitted From the Banking Crisis. Can It Sustain the Momentum?

May 27, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

May 2, 2023 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) Receives $56.71 Average Target Price from Brokerages

May 2, 2023 | americanbankingnews.com

Brokerages Set Customers Bancorp, Inc. (NYSE:CUBI) PT at $56.71

May 1, 2023 | msn.com

Maxim Group Maintains Customers Bancorp (CUBI) Buy Recommendation

April 29, 2023 | finance.yahoo.com

Q1 2023 Customers Bancorp Inc Earnings Call

April 28, 2023 | msn.com

Customers Bancorp stock soars as Q1 earnings, year outlook cheered

April 27, 2023 | finance.yahoo.com

Customers Bancorp Reports Results for First Quarter 2023

April 27, 2023 | msn.com

Customers Bancorp (CUBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

April 25, 2023 | finance.yahoo.com

Veritex Holdings (VBTX) Q1 Earnings Top Estimates

April 25, 2023 | americanbankingnews.com

Customers Bancorp (CUBI) to Release Earnings on Thursday

April 22, 2023 | seekingalpha.com

CUBI.PF Customers Bancorp, Inc. PFD NONCUM SER F

April 21, 2023 | entrepreneur.com

Don’t Hold On: 3 Stocks With Disappointing Sentiment to Sell in April

April 21, 2023 | americanbankingnews.com

Wintrust Financial (NASDAQ:WTFC) vs. Customers Bancorp (NYSE:CUBI) Head-To-Head Survey

April 17, 2023 | finance.yahoo.com

Customers Bancorp to Report First Quarter 2023 Earnings

April 15, 2023 | americanbankingnews.com

Q1 2023 EPS Estimates for Customers Bancorp, Inc. (NYSE:CUBI) Lifted by Analyst

April 12, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Shares Gap Down to $17.45

April 10, 2023 | msn.com

Binance.US Grapples with a New Banking Problem

April 9, 2023 | americanbankingnews.com

Keefe, Bruyette & Woods Trims Customers Bancorp (NYSE:CUBI) Target Price to $45.00

April 8, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Trading Up 3.6%

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive CUBI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Customers Bancorp and its competitors with MarketBeat's FREE daily newsletter.

CUBI Company Calendar

Last Earnings: 4/27/2023
Today: 5/27/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:CUBI
Previous Symbol: OTCMKTS:CUUU
CUSIP: N/A
CIK: 1488813
Web: www.customersbank.com
Phone: (610) 933-2000
Fax: N/A
Employees: 665
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $50.13
High Stock Price Forecast: $85.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +103.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.85
Trailing P/E Ratio: 4.22
Forward P/E Ratio: 4.23
P/E Growth: N/A
Net Income: $228.03 million
Net Margins: 19.34%
Pretax Margin: 24.86%
Return on Equity: 19.41%
Return on Assets: 1.17%

Debt

Debt-to-Equity Ratio: 1.74
Current Ratio: 0.95
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $917.65 million
Price / Sales: 0.84
Cash Flow: $7.74 per share
Price / Cash Flow: 3.19
Book Value: $41.06 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 31,250,000
Free Float: 29,141,000
Market Cap: $771.25 million
Optionable: Optionable
Beta: 1.51

Key Executives

Jay S. Sidhu
Chairman & Chief Executive Officer

Samvir S. Sidhu
President

Endré Jarraux Walls
Chief Operations & Technology Officer, EVP

Carla A. Leibold
Chief Financial Officer & Executive Vice President

James Collins
Chief Administrative Officer & Senior Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CUBI Stock - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CUBI shares.
View CUBI analyst ratings or view top-rated stocks.
What is Customers Bancorp's stock price forecast for 2023?: 4 brokerages have issued 1 year target prices for Customers Bancorp's shares. Their CUBI share price forecasts range from $44.00 to $85.00. On average, they expect the company's stock price to reach $50.13 in the next year. This suggests a possible upside of 103.1% from the stock's current price.
View analysts price targets for CUBI or view top-rated stocks among Wall Street analysts.
How have CUBI shares performed in 2023?: Customers Bancorp's stock was trading at $28.34 at the start of the year. Since then, CUBI shares have decreased by 12.9% and is now trading at $24.68.
View the best growth stocks for 2023 here.
Are investors shorting Customers Bancorp?: Customers Bancorp saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,350,000 shares, a decrease of 10.6% from the April 15th total of 2,630,000 shares. Based on an average daily trading volume, of 832,600 shares, the short-interest ratio is presently 2.8 days. Approximately 8.3% of the shares of the stock are short sold.
View Customers Bancorp's Short Interest.
When is Customers Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CUBI earnings forecast.
How were Customers Bancorp's earnings last quarter?: Customers Bancorp, Inc. (NYSE:CUBI) released its quarterly earnings results on Thursday, April, 27th. The bank reported $1.58 EPS for the quarter, topping the consensus estimate of $1.26 by $0.32. The bank earned $181.74 million during the quarter, compared to analysts' expectations of $150.10 million. Customers Bancorp had a trailing twelve-month return on equity of 19.41% and a net margin of 19.34%.
What ETFs hold Customers Bancorp's stock?: ETFs with the largest weight of Customers Bancorp (NYSE:CUBI) stock in their portfolio include Amplify Transformational Data Sharing ETF (BLOK), Siren Nasdaq NexGen Economy ETF (BLCN), Schwab Crypto Thematic ETF (STCE), SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P SmallCap Financials ETF (PSCF).
What guidance has Customers Bancorp issued on next quarter's earnings?: Customers Bancorp updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $6.00-$6.00 for the period, compared to the consensus estimate of $5.04. The company issued revenue guidance of -.

What is Jay S. Sidhu's approval rating as Customers Bancorp's CEO?: 26 employees have rated Customers Bancorp Chief Executive Officer Jay S. Sidhu on Glassdoor.com. Jay S. Sidhu has an approval rating of 83% among the company's employees.
What other stocks do shareholders of Customers Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Customers Bancorp investors own include Crocs (CROX), Biogen (BIIB), Genocea Biosciences (GNCA), Pfizer (PFE), Visa (V), AbbVie (ABBV), Enbridge (ENB), Infinera (INFN) and Pentair (PNR).
What is Customers Bancorp's stock symbol?: Customers Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBI."
Who are Customers Bancorp's major shareholders?: Customers Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.07%), Dimensional Fund Advisors LP (7.66%), State Street Corp (6.28%), Federated Hermes Inc. (2.15%), Geode Capital Management LLC (1.88%) and Toroso Investments LLC (1.83%). Insiders that own company stock include Andrew Hertz Bowman, Bernard Bennett Banks, Carla A Leibold, Daniel K Rothermel, Glenn Hedde, James T Collins, Jay S Sidhu, Lyle Cunningham, Richard A Ehst, Richard A Ehst, Rick Burkey, Samvir S Sidhu, Steven Issa and T Lawrence Way.
View institutional ownership trends.
How do I buy shares of Customers Bancorp?: Shares of CUBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Customers Bancorp's stock price today?: One share of CUBI stock can currently be purchased for approximately $24.68.
How much money does Customers Bancorp make?: Customers Bancorp (NYSE:CUBI) has a market capitalization of $771.25 million and generates $917.65 million in revenue each year. The bank earns $228.03 million in net income (profit) each year or $5.85 on an earnings per share basis.
How many employees does Customers Bancorp have?: The company employs 665 workers across the globe.
How can I contact Customers Bancorp?: Customers Bancorp's mailing address is 701 Reading Avenue, West Reading PA, 19611. The official website for the company is www.customersbank.com. The bank can be reached via phone at (610) 933-2000 or via email at rramsey@customersbank.com.

This page (NYSE:CUBI) was last updated on 5/27/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial