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NYSE:CUBI

Customers Bancorp (CUBI) Stock Price, News & Analysis

$47.23
-0.16 (-0.34%)
(As of 05/22/2024 ET)
Today's Range
$46.91
$47.74
50-Day Range
$45.67
$54.32
52-Week Range
$22.58
$60.09
Volume
262,028 shs
Average Volume
304,254 shs
Market Capitalization
$1.49 billion
P/E Ratio
6.60
Dividend Yield
N/A
Price Target
$61.50

Customers Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
30.2% Upside
$61.50 Price Target
Short Interest
Bearish
7.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.84mentions of Customers Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.94 M Sold Last Quarter
Proj. Earnings Growth
14.91%
From $6.44 to $7.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.67 out of 5 stars

Finance Sector

402nd out of 821 stocks

State Commercial Banks Industry

95th out of 165 stocks

CUBI stock logo

About Customers Bancorp Stock (NYSE:CUBI)

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 Stock Price History

CUBI Stock News Headlines

Q1 2024 Customers Bancorp Inc Earnings Call
What Analysts Are Saying About Customers Bancorp Stock
Customers Bancorp: Q1 Earnings Snapshot
Customers Bancorp Reports Results for First Quarter
Where Customers Bancorp Stands With Analysts
CUBI: What does Argus have to say about CUBI?
See More Headlines
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Company Calendar

Last Earnings
4/26/2024
Today
5/22/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Previous Symbol
OTCMKTS:CUUU
Fax
N/A
Employees
711
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$61.50
High Stock Price Target
$77.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+30.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$250.14 million
Pretax Margin
22.49%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$5.63 per share
Book Value
$49.35 per share

Miscellaneous

Free Float
29,306,000
Market Cap
$1.49 billion
Optionable
Optionable
Beta
1.67
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Key Executives

  • Mr. Jay S. SidhuMr. Jay S. Sidhu (Age 72)
    Founder, Chairman & CEO
    Comp: $764.75k
  • Mr. Samvir S. Sidhu
    President & Vice Chairman
  • Mr. Jessie John Deano Velasquez (Age 45)
    Executive VP & Chief Accounting Officer
  • Nicholas Harris
    Executive VP & Chief Information Officer
  • Mr. Andrew B. Sachs Esq.
    Executive VP, General Counsel & Corporate Secretary
  • Mr. David W. Patti
    Director of Communications
  • Lisa Walsh
    Executive VP & Chief People Officer
  • Mr. Robert Fischer
    Senior Vice President, Relationship Manager and Member of the Lending Team
  • Mr. Timothy D. Romig
    Executive VP, Head of National Commercial & Community Banking
  • Ms. Mary Lou Scalese (Age 72)
    Chief Auditor & Executive VP

CUBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating 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 target for 2024?

8 equities research analysts have issued 12 month target prices for Customers Bancorp's shares. Their CUBI share price targets range from $47.00 to $77.00. On average, they anticipate the company's stock price to reach $61.50 in the next year. This suggests a possible upside of 30.2% 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 2024?

Customers Bancorp's stock was trading at $57.62 on January 1st, 2024. Since then, CUBI stock has decreased by 18.0% and is now trading at $47.23.
View the best growth stocks for 2024 here
.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,120,000 shares, an increase of 14.0% from the April 15th total of 1,860,000 shares. Based on an average trading volume of 296,800 shares, the days-to-cover ratio is presently 7.1 days. Approximately 7.3% of the company's stock are sold short.
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 Thursday, July 25th 2024.
View our CUBI earnings forecast
.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc. (NYSE:CUBI) released its earnings results on Friday, April, 26th. The bank reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.05. The bank earned $181.62 million during the quarter, compared to analyst estimates of $183.48 million. Customers Bancorp had a net margin of 16.88% and a trailing twelve-month return on equity of 18.17%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS.

What ETFs hold Customers Bancorp's stock?
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).

Who are Customers Bancorp's major shareholders?

Customers Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.95%), Jacobs Levy Equity Management Inc. (1.14%), LSV Asset Management (1.04%), Hood River Capital Management LLC (0.90%), Allspring Global Investments Holdings LLC (0.83%) and Allspring Global Investments Holdings LLC (0.83%). Insiders that own company stock include Andrew Hertz Bowman, Bernard Bennett Banks, Carla A Leibold, Daniel K Rothermel, Glenn Hedde, Jay S Sidhu, Jessie John Deano Velasquez, Lyle Cunningham, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CUBI) was last updated on 5/23/2024 by MarketBeat.com Staff

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