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NYSE:CUBICustomers Bancorp Stock Price, Forecast & News

$13.45
+0.19 (+1.43 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$13.33
Now: $13.45
$13.97
50-Day Range
$10.33
MA: $11.43
$13.45
52-Week Range
$8.36
Now: $13.45
$25.72
Volume266,700 shs
Average Volume251,315 shs
Market Capitalization$423.55 million
P/E Ratio5.80
Dividend YieldN/A
Beta1.46
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. It also provides commercial and industrial lending services; small business administration loans; multi-family and commercial real estate loans; commercial loans to mortgage companies; equipment financing services; and home equity and residential mortgage loans. In addition, the company 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; Philadelphia, Pennsylvania; Washington D.C.; and Chicago, Illinois. Customers Bancorp, Inc. was founded in 1994 and is headquartered in Wyomissing, Pennsylvania.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


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$544.68 million
Cash Flow$3.57 per share
Book Value$26.67 per share

Profitability

Net Income$79.33 million

Miscellaneous

Employees827
Market Cap$423.55 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$13.45
+0.19 (+1.43 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Customers Bancorp (NYSE:CUBI) Frequently Asked Questions

How has Customers Bancorp's stock price been impacted by COVID-19?

Customers Bancorp's stock was trading at $15.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CUBI shares have decreased by 10.9% and is now trading at $13.45.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Customers Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Customers Bancorp
.

When is Customers Bancorp's next earnings date?

Customers Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Customers Bancorp
.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp Inc (NYSE:CUBI) posted its quarterly earnings data on Thursday, July, 30th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.17. The bank earned $114.22 million during the quarter, compared to the consensus estimate of $108.09 million. Customers Bancorp had a return on equity of 10.77% and a net margin of 14.19%.
View Customers Bancorp's earnings history
.

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

Customers Bancorp updated its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of 3.00-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.08.

What price target have analysts set for CUBI?

2 brokers have issued 1 year price objectives for Customers Bancorp's stock. Their forecasts range from $14.00 to $27.00. On average, they anticipate Customers Bancorp's share price to reach $20.50 in the next year. This suggests a possible upside of 52.4% from the stock's current price.
View analysts' price targets for Customers Bancorp
.

Has Customers Bancorp been receiving favorable news coverage?

Press coverage about CUBI stock has been trending extremely negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Customers Bancorp earned a news sentiment score of -4.1 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Customers Bancorp
.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 658,500 shares, an increase of 32.8% from the April 30th total of 496,000 shares. Based on an average daily trading volume, of 313,100 shares, the short-interest ratio is presently 2.1 days. Currently, 2.3% of the company's shares are sold short.
View Customers Bancorp's Short Interest
.

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 Biogen (BIIB), Crocs (CROX), Visa (V), AbbVie (ABBV), Continental Resources (CLR), Chipotle Mexican Grill (CMG), CARBO Ceramics (CRR), Enbridge (ENB), Huntington Bancshares (HBAN) and IBM (IBM).

Who are Customers Bancorp's key executives?

Customers Bancorp's management team includes the following 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)

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 Prudential Financial Inc. (3.00%), BHZ Capital Management LP (2.29%), LSV Asset Management (1.59%), Bank of New York Mellon Corp (1.09%), Foundry Partners LLC (1.04%) and AJO LP (0.96%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Richard A Ehst, Steven Issa and Thomas John Jastrem.
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 Goldman Sachs Group Inc., ClariVest Asset Management LLC, Nisa Investment Advisors LLC, Eqis Capital Management Inc., Lincoln Capital Corp, Mackay Shields LLC, LSV Asset Management, and Rothschild Investment Corp IL. Company insiders that have sold Customers Bancorp company stock in the last year include James T Collins, Richard A Ehst, Steven Issa, and Thomas John Jastrem.
View insider buying and selling activity 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 Prudential Financial Inc., BHZ Capital Management LP, Russell Investments Group Ltd., WINTON GROUP Ltd, Foundry Partners LLC, AJO LP, Denali Advisors LLC, and Principal Financial Group Inc..
View insider buying and selling activity 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 $13.45.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $423.55 million and generates $544.68 million in revenue each year. The bank earns $79.33 million in net income (profit) each year or $2.25 on an earnings per share basis. Customers Bancorp employs 827 workers across the globe.

What is Customers Bancorp's official website?

The official website for Customers Bancorp is 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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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