Customers Bancorp - CUBI Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CUBI shares.
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8 brokerages have issued 12-month price objectives for Customers Bancorp's shares. Their CUBI share price forecasts range from $48.00 to $85.00. On average, they predict the company's stock price to reach $69.57 in the next year. This suggests a possible upside of 128.1% from the stock's current price.
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Customers Bancorp's stock was trading at $65.37 on January 1st, 2022. Since then, CUBI shares have decreased by 53.3% and is now trading at $30.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Customers Bancorp, Inc. (NYSE:CUBI) announced its quarterly earnings data on Wednesday, July, 27th. The bank reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.03. The bank earned $177.60 million during the quarter, compared to analyst estimates of $178.09 million. Customers Bancorp had a trailing twelve-month return on equity of 29.54% and a net margin of 38.56%. During the same quarter in the prior year, the company earned $1.76 EPS.

Customers Bancorp updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $4.75-$5.00 for the period, compared to the consensus estimate of $7.78. The company issued revenue guidance of -.

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.

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), Primo Water (PRMW), Visa (V), AbbVie (ABBV), Enbridge (ENB), Infinera (INFN) and Pentair (PNR).

Customers Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBI."

Customers Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.75%), Basswood Capital Management L.L.C. (3.25%), Victory Capital Management Inc. (2.70%), Aristotle Capital Boston LLC (1.90%), Emerald Mutual Fund Advisers Trust (1.72%) and Emerald Advisers LLC (1.63%). Insiders that own company stock include Andrew Hertz Bowman, Bernard Bennett Banks, Carla A Leibold, Glenn Hedde, James T Collins, Jay S Sidhu, Lyle Cunningham, Richard A Ehst, Richard A Ehst, Rick Burkey, Samvir S Sidhu, Steven Issa, T Lawrence Way and Thomas John Jastrem.
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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.
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One share of CUBI stock can currently be purchased for approximately $30.50.

Customers Bancorp (NYSE:CUBI) has a market capitalization of $989.88 million and generates $858.75 million in revenue each year. The bank earns $314.65 million in net income (profit) each year or $9.98 on an earnings per share basis.

The company employs 665 workers across the globe.

Customers Bancorp's mailing address is 701 Reading Avenue, West Reading PA, 19611. The official website for the company is www.customersbank.com. The bank can be reached via phone at (610) 933-2000 or via email at rramsey@customersbank.com.