NYSE:CUBI

Customers Bancorp (CUBI) Stock Forecast, Price & News

$32.05

-0.14 (-0.43%)

(As of 09:46 AM ET)

Compare

Today's Range: $32.05
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$32.44
50-Day Range: $32.20
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$41.97
52-Week Range: $6.87
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$45.00

Volume: 3,836 shs
Average Volume: 582,855 shs
Market Capitalization: $993.55 million

P/E Ratio: 5.76
Dividend Yield: N/A
Price Target: $48.67

Customers Bancorp MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.0% Upside
$48.67 Price Target
Short Interest: Bearish
5.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.25
Based on 2 Articles This Week
Insider Trading: Selling Shares
$2.51 M Sold Last Quarter
Proj. Earnings Growth: -3.18%
From $6.28 to $6.08 Per Share

Overall MarketRank^™

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

2.23 out of 5 stars

Finance Sector

586th out of 842 stocks

State Commercial Banks Industry

140th out of 174 stocks

3.5

Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.67, Customers Bancorp has a forecasted upside of 51.0% from its current price of $32.24.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.90% 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 4.2.
Change versus previous month
Short interest in Customers Bancorp has recently increased by 0.61%, 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.

2.4

News and Social Media Coverage

News Sentiment
Customers Bancorp has a news sentiment score of 1.25. 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 higher news sentiment than the 0.84 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Customers Bancorp this week, compared to 3 articles on an average week.
Search Interest
Only 3 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 2 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,507,818.00 in company stock.
Percentage Held by Insiders
Only 9.40% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
82.12% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to decrease by -3.18% in the coming year, from $6.28 to $6.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 5.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 5.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 79.86.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.83. 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.

CUBI Price History

30 days | 90 days | 365 days | Advanced Chart

CUBI Stock News Headlines

September 24, 2023 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Recommendation of "Buy" by Brokerages

September 19, 2023 | finance.yahoo.com

Insider Sell: CFO Carla Leibold Sells 16,619 Shares of Customers Bancorp Inc

September 27, 2023 | Edge On The Street (Ad)

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September 19, 2023 | americanbankingnews.com

Carla A. Leibold Sells 16,619 Shares of Customers Bancorp, Inc. (NYSE:CUBI) Stock

September 6, 2023 | markets.businessinsider.com

Analyst Ratings for Customers Bancorp

August 31, 2023 | msn.com

Customers Bancorp (CUBI) Price Target Increased by 5.76% to 50.30

August 31, 2023 | finance.yahoo.com

Is Customers Bancorp (CUBI) a Good Pick for Value Investors?

August 25, 2023 | msn.com

Customers Bancorp: A Real Bargain At Current Prices

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

August 23, 2023 | seekingalpha.com

Customers Bancorp: The Rally May Not Be Over Yet

August 2, 2023 | msn.com

Customers Bancorp (CUBI) Price Target Increased by 31.34% to 47.56

July 31, 2023 | markets.businessinsider.com

Expert Ratings for Customers Bancorp

July 30, 2023 | finance.yahoo.com

Customers Bancorp, Inc. (NYSE:CUBI) Q2 2023 Earnings Call Transcript

July 29, 2023 | finance.yahoo.com

Q2 2023 Customers Bancorp Inc Earnings Call

July 29, 2023 | msn.com

Wedbush Maintains Customers Bancorp (CUBI) Outperform Recommendation

July 28, 2023 | seekingalpha.com

Customers Bancorp, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | markets.businessinsider.com

Wedbush Remains a Buy on Customers Bancorp (CUBI)

July 28, 2023 | finance.yahoo.com

Customers Bancorp Reports Results for Second Quarter 2023

July 28, 2023 | finance.yahoo.com

Customers Bancorp (CUBI) Q2 Earnings and Revenues Surpass Estimates

July 28, 2023 | finance.yahoo.com

Customers Bancorp (CUBI) Reports Q2 Earnings: What Key Metrics Have to Say

July 25, 2023 | finance.yahoo.com

South Plains Financial (SPFI) Q2 Earnings Lag Estimates

July 20, 2023 | msn.com

Amerant Bancorp Inc. (AMTB) Q2 Earnings and Revenues Surpass Estimates

July 14, 2023 | finance.yahoo.com

Customers Bancorp, Inc. to Host Second Quarter 2023 Earnings Webcast on Friday, July 28, 2023

July 7, 2023 | msn.com

DA Davidson Maintains Customers Bancorp (CUBI) Buy Recommendation

June 22, 2023 | finance.yahoo.com

Implied Volatility Surging for Customers Bancorp (CUBI) Stock Options

June 17, 2023 | msn.com

UPDATE 4-Customers Bancorp acquires $631 mln loan portfolio from FDIC at discount

June 17, 2023 | finance.yahoo.com

Customers Buys $631 Million in Signature Loans at Discount

See More Headlines

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CUBI Company Calendar

Last Earnings: 7/28/2023
Today: 9/27/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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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: 691
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $48.67
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +51.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.56
Trailing P/E Ratio: 5.79
Forward P/E Ratio: 5.13
P/E Growth: N/A
Net Income: $228.03 million
Net Margins: 16.20%
Pretax Margin: 21.25%
Return on Equity: 18.57%
Return on Assets: 1.12%

Debt

Debt-to-Equity Ratio: 1.69
Current Ratio: 0.93
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $917.65 million
Price / Sales: 1.09
Cash Flow: $7.42 per share
Price / Cash Flow: 4.34
Book Value: $38.91 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 31,000,000
Free Float: 28,086,000
Market Cap: $998.20 million
Optionable: Optionable
Beta: 1.67

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Key Executives

Mr. Jay S. Sidhu (Age 71)
Founder, Chairman & CEO
Comp: $764.75k

Mr. Samvir S. Sidhu
Pres & Vice Chairman

Ms. Carla A. Leibold (Age 56)
Exec. VP & CFO
Comp: $542.46k

Mr. Andrew Hertz Bowman (Age 57)
Sr. EVP, Chief Credit Officer
Comp: $566.88k

Mr. Lyle P. Cunningham (Age 59)
Exec. VP & Chief Lending Officer
Comp: $658.77k

Mr. Jessie John Deano Velasquez (Age 44)
Exec. VP & Chief Accounting Officer

Nicholas Harris
Chief Information Officer

Mr. Andrew B. Sachs Esq.
Exec. VP, Gen. Counsel & Corp. Sec.

Mr. David W. Patti
Director of Communications

Mr. Robert Fischer
Sr. VP, Relationship Mang. and Member of the Lending Team

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 twelve months. There are currently 4 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 12 month target prices for Customers Bancorp's shares. Their CUBI share price forecasts range from $44.00 to $55.00. On average, they predict the company's share price to reach $48.67 in the next year. This suggests a possible upside of 51.1% 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 on January 1st, 2023. Since then, CUBI stock has increased by 13.6% and is now trading at $32.20.
View the best growth stocks for 2023 here.
When is Customers Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CUBI earnings forecast.
How were Customers Bancorp's earnings last quarter?: Customers Bancorp, Inc. (NYSE:CUBI) announced its earnings results on Friday, July, 28th. The bank reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.23. The bank had revenue of $346.16 million for the quarter, compared to analyst estimates of $169.70 million. Customers Bancorp had a net margin of 16.20% and a trailing twelve-month return on equity of 18.57%. During the same period in the previous year, the business earned $1.77 earnings per share.
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), Invesco Dorsey Wright Financial Momentum ETF (PFI), Schwab Crypto Thematic ETF (STCE), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Roundhill Acquirers Deep Value ETF (DEEP), SPDR S&P Regional Banking ETF (KRE) and Royce Quant Small-Cap Quality Value ETF (SQLV).Inspire Small/Mid Cap ETF (ISMD).
What guidance has Customers Bancorp issued on next quarter's earnings?: Customers Bancorp updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $6.00-$6.00 for the period, compared to the consensus EPS estimate of $5.97. 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. (14.30%), Dimensional Fund Advisors LP (6.78%), State Street Corp (5.69%), JPMorgan Chase & Co. (2.49%), Aristotle Capital Boston LLC (1.86%) and Geode Capital Management 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 $32.20.
How much money does Customers Bancorp make?: Customers Bancorp (NYSE:CUBI) has a market capitalization of $998.20 million and generates $917.65 million in revenue each year. The bank earns $228.03 million in net income (profit) each year or $5.56 on an earnings per share basis.
How many employees does Customers Bancorp have?: The company employs 691 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 9/27/2023 by MarketBeat.com Staff

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Customers Bancorp (CUBI) Stock Forecast, Price & News

Customers Bancorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Customers Bancorp (NYSE:CUBI) Stock

CUBI Price History

CUBI Stock News Headlines

CUBI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CUBI Stock - Frequently Asked Questions

Overall MarketRank^™