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 accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit. Its loan products include commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending. The company also offers private banking services; mobile phone banking, Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, and positive pay services; and cash management services, such as account reconciliation, collections, and sweep accounts. It operates 13 full-service branches, as well as limited purpose offices in Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; and Philadelphia, Pennsylvania. Customers Bancorp, Inc. was founded in 1994 and is headquartered in Wyomissing, Pennsylvania.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CUBI
CUSIPN/A
Phone610-933-2000
Debt
Debt-to-Equity Ratio3.48
Current Ratio1.22
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio11.15
Forward P/E Ratio9.27
P/E Growth0.94
Sales & Book Value
Annual Sales$451.76 million
Price / Sales1.73
Cash Flow$3.0761 per share
Price / Cash8.02
Book Value$22.42 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$78.83 million
Net Margins16.24%
Return on Equity12.75%
Return on Assets0.85%
Miscellaneous
Employees765
Outstanding Shares31,670,000
Market Cap$791.11 million
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) released its quarterly earnings data on Wednesday, July, 25th. The bank reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The bank earned $83.45 million during the quarter, compared to analyst estimates of $86.16 million. Customers Bancorp had a net margin of 16.24% and a return on equity of 12.75%. During the same period last year, the business earned $0.78 earnings per share. View Customers Bancorp's Earnings History.
When is Customers Bancorp's next earnings date?
What price target have analysts set for CUBI?
5 analysts have issued twelve-month price targets for Customers Bancorp's shares. Their forecasts range from $31.50 to $46.00. On average, they anticipate Customers Bancorp's share price to reach $37.8750 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price. View Analyst Price Targets for Customers Bancorp.
What is the consensus analysts' recommendation for Customers Bancorp?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. Maxim Group analysts commented, "In its 10-Q for 2Q18, CUBI disclosed that there has been a possible delay in the closing of the spinoff of BankMobile, which had a target date of on or about September 30." (8/14/2018)
- 2. 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. " (7/27/2018)
Who are some of Customers Bancorp's key competitors?
Some companies that are related to Customers Bancorp include Bancorpsouth Bank (BXS), Columbia Banking System (COLB), South State (SSB), International Bancshares (IBOC), Union Bankshares (UBSH), CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate Bancsystem (FIBK), United Community Banks (UCBI), Independent Bank (INDB), Pacific Premier Bancorp (PPBI), Ameris Bancorp (ABCB), TowneBank (TOWN), Renasant (RNST) and ServisFirst Bancshares (SFBS).
Who are Customers Bancorp's key executives?
Customers Bancorp's management team includes the folowing people:
- Mr. Jay S. Sidhu, Chairman & CEO (Age 66)
- Mr. Richard A. Ehst, Pres & COO (Age 71)
- Mr. Robert E. Wahlman, Exec. VP & CFO (Age 62)
- Mr. Glenn A. Hedde, Exec. VP & Pres of Customers Bank Warehouse Lending (Age 57)
- Mr. Steven J. Issa, EVP, Chief Lending Officer & New England Pres of Commercial/Specialty Lending (Age 63)
Has Customers Bancorp been receiving favorable news coverage?
Press coverage about CUBI stock has trended somewhat negative recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Customers Bancorp earned a news impact score of -0.11 on Accern's scale. They also gave news coverage about the bank an impact score of 47.02 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Customers Bancorp.
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 BlackRock Inc. (13.45%), Dimensional Fund Advisors LP (8.35%), Hood River Capital Management LLC (1.51%), Aristotle Capital Boston LLC (1.47%), OppenheimerFunds Inc. (1.44%) and Hillcrest Asset Management LLC (1.31%). Company insiders that own Customers Bancorp stock include Bhanu Choudhrie, Glenn Hedde, Jay S Sidhu, Richard A Ehst, Rick Burkey, Robert E Wahlman, Steven Issa and T Lawrence Way. View Institutional Ownership Trends for Customers Bancorp.
Which major investors are selling Customers Bancorp stock?
CUBI stock was sold by a variety of institutional investors in the last quarter, including Thompson Siegel & Walmsley LLC, Domani Wealth LLC, Wasatch Advisors Inc., Bank of America Corp DE, New Amsterdam Partners LLC NY, Peregrine Capital Management LLC, Martingale Asset Management L P and Virginia Retirement Systems ET AL. Company insiders that have sold Customers Bancorp company stock in the last year include Glenn Hedde, Jay S Sidhu, Richard A Ehst, Rick Burkey, Robert E Wahlman, Steven Issa and T Lawrence Way. View Insider Buying and Selling for Customers Bancorp.
Which major investors are buying Customers Bancorp stock?
CUBI stock was bought by a variety of institutional investors in the last quarter, including Hood River Capital Management LLC, BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Schwab Charles Investment Management Inc., First Trust Advisors LP, Eqis Capital Management Inc. and California Public Employees Retirement System. 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, Scottrade, Fidelity and Charles Schwab.
What is Customers Bancorp's stock price today?
One share of CUBI stock can currently be purchased for approximately $24.67.
How big of a company is Customers Bancorp?
Customers Bancorp has a market capitalization of $791.11 million and generates $451.76 million in revenue each year. The bank earns $78.83 million in net income (profit) each year or $2.20 on an earnings per share basis. Customers Bancorp employs 765 workers across the globe.
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)
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.
