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NYSE:CUBI - Customers Bancorp Stock Price, Forecast & News

$23.37
+0.04 (+0.17 %)
(As of 12/9/2019 04:00 PM ET)
Today's Range
$23.07
Now: $23.37
$23.51
50-Day Range
$20.83
MA: $23.50
$25.50
52-Week Range
$16.72
Now: $23.37
$25.72
Volume133,400 shs
Average Volume160,926 shs
Market Capitalization$731.95 million
P/E Ratio9.62
Dividend YieldN/A
Beta1.08
Customers Bancorp, Inc operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, and individual retirement accounts, as well as certificates of deposit. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Previous SymbolOTCMKTS:CUUU
CUSIPN/A
Phone610-933-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$476.95 million
Cash Flow$3.44 per share
Book Value$23.33 per share

Profitability

Net Income$71.69 million

Miscellaneous

Employees827
Market Cap$731.95 million
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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Customers Bancorp (NYSE:CUBI) Frequently Asked Questions

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) posted its quarterly earnings results on Wednesday, October, 23rd. The bank reported $0.73 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.71 by $0.02. The bank earned $99.10 million during the quarter, compared to the consensus estimate of $93.36 million. Customers Bancorp had a net margin of 13.45% and a return on equity of 9.72%. During the same quarter in the previous year, the firm posted $0.62 earnings per share. View Customers Bancorp's Earnings History.

When is Customers Bancorp's next earnings date?

Customers Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Customers Bancorp.

What guidance has Customers Bancorp issued on next quarter's earnings?

Customers Bancorp issued an update on its FY20 earnings guidance on Wednesday, October, 23rd. The company provided EPS guidance of 'at least $3.00' for the period, compared to the Thomson Reuters consensus estimate of $2.78.

What price target have analysts set for CUBI?

4 brokerages have issued 1 year price targets for Customers Bancorp's shares. Their forecasts range from $22.75 to $38.00. On average, they anticipate Customers Bancorp's share price to reach $30.25 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View Analyst Price Targets for Customers Bancorp.

What is the consensus analysts' recommendation for Customers Bancorp?

4 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Customers Bancorp.

What are Wall Street 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. " (10/31/2019)
  • 2. Maxim Group analysts commented, "On July 1, CUBI announced that a mortgage warehouse customer had unexpectedly ceased business, prompting CUBI to seize collateral for a $26M loan, giving rise to an estimated $7M-$8M pre-tax loss being included in 2Q19 results. We regard this as non-recurring, and not reflective of credit quality issues. Therefore, we maintain our 2020 EPS estimate of $3.00, and reiterate our Buy rating. Our 12-month price target of $38 equates to a 2020E P/E multiple of 12.7x, which is consistent with the average 2020E P/E multiples of high-quality Small-Cap banks that we follow." (7/10/2019)

Has Customers Bancorp been receiving favorable news coverage?

Media coverage about CUBI stock has trended somewhat negative on Monday, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Customers Bancorp earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Customers Bancorp.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a decrease in short interest in the month of November. As of November 15th, there was short interest totalling 891,500 shares, a decrease of 11.7% from the October 31st total of 1,010,000 shares. Based on an average daily volume of 141,200 shares, the days-to-cover ratio is currently 6.3 days. Currently, 3.1% of the company's shares are short sold. View Customers Bancorp's Current Options Chain.

Who are some of Customers Bancorp's key competitors?

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), CARBO Ceramics (CRR), Visa (V), Biogen (BIIB), Alcatel Lucent (ALU), Aegean Marine Petroleum Network (ANW), Continental Resources (CLR), Chipotle Mexican Grill (CMG), Charles Schwab (SCHW) and Hudson Technologies (HDSN).

Who are Customers Bancorp's key executives?

Customers Bancorp's management team includes the folowing people:
  • Mr. Jay S. Sidhu, Chairman & CEO (Age 67)
  • Mr. Richard A. Ehst, Pres & COO (Age 72)
  • Ms. Carla A. Leibold, Exec. VP, CFO & Treasurer (Age 52)
  • Mr. Glenn A. Hedde, Exec. VP & Pres of Customers Bank Warehouse Lending (Age 58)
  • Mr. Steven J. Issa, EVP, Chief Lending Officer & New England Pres of Commercial/Specialty Lending (Age 64)

Who are Customers Bancorp's major shareholders?

Customers Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include State Street Corp (3.04%), Foundry Partners LLC (0.90%), Millennium Management LLC (0.64%), Mackay Shields LLC (0.55%), Man Group plc (0.48%) and Rhumbline Advisers (0.29%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Jay S Sidhu, Richard A Ehst, Steven Issa and T Lawrence Way. View Institutional Ownership Trends for Customers Bancorp.

Which institutional investors are selling Customers Bancorp stock?

CUBI stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, State Street Corp, Systematic Financial Management LP, California Public Employees Retirement System, SG Americas Securities LLC, Mackay Shields LLC, Barclays PLC and Strs Ohio. Company insiders that have sold Customers Bancorp company stock in the last year include Glenn Hedde, James T Collins, Richard A Ehst and Steven Issa. View Insider Buying and Selling for Customers Bancorp.

Which institutional investors are buying Customers Bancorp stock?

CUBI stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Foundry Partners LLC, Lingohr & Partner Asset Management GmbH, Chicago Equity Partners LLC, State of Alaska Department of Revenue, Russell Investments Group Ltd., Public Employees Retirement System of Ohio and Rhumbline Advisers. View Insider Buying and Selling for Customers Bancorp.

How do I buy shares of Customers Bancorp?

Shares of CUBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Customers Bancorp's stock price today?

One share of CUBI stock can currently be purchased for approximately $23.37.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $731.95 million and generates $476.95 million in revenue each year. The bank earns $71.69 million in net income (profit) each year or $2.43 on an earnings per share basis. Customers Bancorp employs 827 workers across the globe.View Additional Information About Customers Bancorp.

What is Customers Bancorp's official website?

The official website for Customers Bancorp is http://www.customersbank.com/.

How can I contact Customers Bancorp?

Customers Bancorp's mailing address is 1015 PENN AVENUE SUITE 103, WYOMISSING PA, 19610. The bank can be reached via phone at 610-933-2000 or via email at [email protected]


MarketBeat Community Rating for Customers Bancorp (NYSE CUBI)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  289 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  529
MarketBeat's community ratings are surveys of what our community members think about Customers Bancorp and other stocks. Vote "Outperform" if you believe CUBI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CUBI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/9/2019 by MarketBeat.com Staff

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