Should I buy or sell Customers Bancorp stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

7 analysts have issued 12-month price objectives for Customers Bancorp's shares. Their CUBI share price targets range from $42.00 to $62.00. On average, they anticipate the company's share price to reach $51.75 in the next year. This suggests a possible upside of 3.2% 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 2023?

Customers Bancorp's stock was trading at $28.34 at the start of the year. Since then, CUBI stock has increased by 76.9% and is now trading at $50.13. View the best growth stocks for 2023 here .

Are investors shorting Customers Bancorp?

Customers Bancorp saw a increase in short interest in October. As of October 31st, there was short interest totaling 1,710,000 shares, an increase of 10.3% from the October 15th total of 1,550,000 shares. Based on an average daily volume of 289,200 shares, the short-interest ratio is currently 5.9 days. Approximately 6.1% of the company's shares 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, January 24th 2024. View our CUBI earnings forecast .

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc. (NYSE:CUBI) released its quarterly earnings data on Thursday, October, 26th. The bank reported $2.59 EPS for the quarter, topping the consensus estimate of $1.60 by $0.99. The bank had revenue of $217.55 million for the quarter, compared to analyst estimates of $182.29 million. Customers Bancorp had a net margin of 15.89% and a trailing twelve-month return on equity of 18.13%.

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 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 variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (6.82%), JPMorgan Chase & Co. (3.40%), Morgan Stanley (1.94%), Jacobs Levy Equity Management Inc. (1.89%), Toroso Investments LLC (1.24%) and Charles Schwab Investment Management Inc. (1.19%). 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 , Jessie John Deano Velasquez, 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 .

Customers Bancorp Stock Price, News & Analysis (NYSE:CUBI)

$50.18

+1.39 (+2.85%)

(As of 10:39 AM ET)

Compare

Today's Range: $48.67
▼
$50.42
50-Day Range: $31.84
▼
$49.72
52-Week Range: $6.87
▼
$51.15

Volume: 60,680 shs
Average Volume: 522,851 shs
Market Capitalization: $1.57 billion

P/E Ratio: 7.98
Dividend Yield: N/A
Price Target: $51.75

Customers Bancorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 3.2% Upside
$51.75 Price Target
Short Interest: Bearish
7.21% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.15
Based on 14 Articles This Week
Insider Trading: Selling Shares
$7.25 M Sold Last Quarter
Proj. Earnings Growth: -10.05%
From $7.56 to $6.80 Per Share

Overall MarketRank^™

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

1.48 out of 5 stars

Finance Sector

658th out of 693 stocks

State Commercial Banks Industry

137th out of 139 stocks

1.5

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 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.75, Customers Bancorp has a forecasted upside of 3.2% from its current price of $50.13.
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
7.21% 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 7.1.
Change versus previous month
Short interest in Customers Bancorp has recently increased by 19.30%, indicating that investor sentiment is decreasing significantly.

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.

2.9

News and Social Media Coverage

News Sentiment
Customers Bancorp has a news sentiment score of 0.15. 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 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Customers Bancorp this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for CUBI on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
MarketBeat Follows
5 people have added Customers Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 $7,248,081.00 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to decrease by -10.05% in the coming year, from $7.56 to $6.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 7.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 7.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.09.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CUBI Stock News Headlines

December 8, 2023 | americanbankingnews.com

Jay S. Sidhu Sells 10,000 Shares of Customers Bancorp, Inc. (NYSE:CUBI) Stock

December 8, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Rating Reiterated by B. Riley

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December 8, 2023 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) Receives Consensus Recommendation of "Buy" from Analysts

December 8, 2023 | americanbankingnews.com

Analysts Offer Predictions for Customers Bancorp, Inc.'s Q1 2024 Earnings (NYSE:CUBI)

December 7, 2023 | morningstar.com

Customers Bancorp Inc CUBI

November 28, 2023 | finance.yahoo.com

Carlyle (CG) Rides on Organic Growth Despite Rising Expenses

November 27, 2023 | msn.com

Customers Bancorp (CUBI) Price Target Increased by 6.19% to 54.46

December 8, 2023 | Financial Alphas (Ad)

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November 18, 2023 | finance.yahoo.com

Customers Bancorp, Inc.'s (NYSE:CUBI) large institutional owners must be happy as stock continues to impress, up 12% over the past week

November 16, 2023 | bizjournals.com

'We’re seeing a lot of demand': 3 local bank executives on commercial loans, the economy and CRE portfolios

November 3, 2023 | seekingalpha.com

Customers Bancorp: Q3 2023 Fuels Positive Momentum

November 2, 2023 | finance.yahoo.com

Why Fast-paced Mover Customers Bancorp (CUBI) Is a Great Choice for Value Investors

October 29, 2023 | finance.yahoo.com

Customers Bancorp, Inc. (NYSE:CUBI) Q3 2023 Earnings Call Transcript

October 28, 2023 | finance.yahoo.com

Q3 2023 Customers Bancorp Inc Earnings Call

October 26, 2023 | finance.yahoo.com

Customers Bancorp Reports Results for Third Quarter 2023

October 25, 2023 | investing.com

Customers Bancorp Set to Host Q3 2023 Earnings Webcast on October 27

October 24, 2023 | finance.yahoo.com

Will Customers Bancorp (CUBI) Beat Estimates Again in Its Next Earnings Report?

October 19, 2023 | finance.yahoo.com

Customers Bancorp (CUBI) Expected to Beat Earnings Estimates: Should You Buy?

October 13, 2023 | finance.yahoo.com

Customers Bancorp, Inc. to Host Third Quarter 2023 Earnings Webcast on Friday, October 27, 2023

October 8, 2023 | finance.yahoo.com

Customers Bancorp (NYSE:CUBI) shareholders have earned a 43% CAGR over the last three years

October 3, 2023 | finance.yahoo.com

Customers Bancorp (CUBI) Upgraded to Strong Buy: What Does It Mean for the Stock?

September 30, 2023 | msn.com

Raymond James Initiates Coverage of Customers Bancorp (CUBI) with Strong Buy Recommendation

September 29, 2023 | markets.businessinsider.com

6 Analysts Have This to Say About Customers Bancorp

September 19, 2023 | finance.yahoo.com

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

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

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/24/2024

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: 726
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $51.75
High Stock Price Target: $62.00
Low Stock Price Target: $42.00
Potential Upside/Downside: +6.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.29
Trailing P/E Ratio: 7.76
Forward P/E Ratio: 6.45
P/E Growth: N/A
Net Income: $228.03 million
Net Margins: 15.89%
Pretax Margin: 20.73%
Return on Equity: 18.13%
Return on Assets: 1.11%

Debt

Debt-to-Equity Ratio: 1.20
Current Ratio: 0.92
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $917.65 million
Price / Sales: 1.66
Cash Flow: $7.52 per share
Price / Cash Flow: 6.49
Book Value: $38.91 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 31,250,000
Free Float: 28,313,000
Market Cap: $1.52 billion
Optionable: Optionable
Beta: 1.59

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Key Executives

Mr. Jay S. Sidhu (Age 71)
Founder, Chairman & CEO
Comp: $764.75k
Mr. Samvir S. Sidhu
President & Vice Chairman
Ms. Carla A. Leibold (Age 56)
Executive VP & CFO
Comp: $542.46k
Mr. Andrew Hertz Bowman (Age 57)
Senior EVP & Chief Credit Officer
Comp: $566.88k
Mr. Lyle P. Cunningham (Age 59)
Executive VP & Chief Lending Officer
Comp: $658.77k
Mr. Jessie John Deano Velasquez (Age 44)
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CUBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?: 7 analysts have issued 12-month price objectives for Customers Bancorp's shares. Their CUBI share price targets range from $42.00 to $62.00. On average, they anticipate the company's share price to reach $51.75 in the next year. This suggests a possible upside of 3.2% 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 2023?: Customers Bancorp's stock was trading at $28.34 at the start of the year. Since then, CUBI stock has increased by 76.9% and is now trading at $50.13.
View the best growth stocks for 2023 here.
Are investors shorting Customers Bancorp?: Customers Bancorp saw a increase in short interest in October. As of October 31st, there was short interest totaling 1,710,000 shares, an increase of 10.3% from the October 15th total of 1,550,000 shares. Based on an average daily volume of 289,200 shares, the short-interest ratio is currently 5.9 days. Approximately 6.1% of the company's shares 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, January 24th 2024.
View our CUBI earnings forecast.
How were Customers Bancorp's earnings last quarter?: Customers Bancorp, Inc. (NYSE:CUBI) released its quarterly earnings data on Thursday, October, 26th. The bank reported $2.59 EPS for the quarter, topping the consensus estimate of $1.60 by $0.99. The bank had revenue of $217.55 million for the quarter, compared to analyst estimates of $182.29 million. Customers Bancorp had a net margin of 15.89% and a trailing twelve-month return on equity of 18.13%.

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 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 variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (6.82%), JPMorgan Chase & Co. (3.40%), Morgan Stanley (1.94%), Jacobs Levy Equity Management Inc. (1.89%), Toroso Investments LLC (1.24%) and Charles Schwab Investment Management Inc. (1.19%). 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, Jessie John Deano Velasquez, 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.

This page (NYSE:CUBI) was last updated on 12/8/2023 by MarketBeat.com Staff

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Customers Bancorp Stock Price, News & Analysis (NYSE:CUBI)

Customers Bancorp MarketRank™ Stock Analysis

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 Stock (NYSE:CUBI)

CUBI Stock Price History

CUBI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CUBI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™