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.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone610-933-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$476.95 million
Profitability
Miscellaneous
Employees827
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable
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 earnings results on Wednesday, July, 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.04. The bank had revenue of $64.68 million for the quarter, compared to the consensus estimate of $64.51 million. Customers Bancorp had a net margin of 10.13% and a return on equity of 9.54%. Customers Bancorp's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. View Customers Bancorp's Earnings History.
When is Customers Bancorp's next earnings date?
What guidance has Customers Bancorp issued on next quarter's earnings?
Customers Bancorp updated its FY20 earnings guidance on Wednesday, July, 24th. The company provided earnings per share (EPS) guidance of at least $3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.71.
What price target have analysts set for CUBI?
4 brokers have issued twelve-month price targets for Customers Bancorp's stock. Their predictions range from $22.75 to $38.00. On average, they anticipate Customers Bancorp's stock price to reach $29.4375 in the next twelve months. This suggests a possible upside of 53.8% 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. " (8/8/2019)
- 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 negative recently, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Customers Bancorp earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact 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 increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,009,100 shares, an increase of 5.5% from the June 30th total of 956,200 shares. Based on an average daily trading volume, of 151,300 shares, the days-to-cover ratio is currently 6.7 days. Currently, 3.5% of the shares of the stock are sold short. View Customers Bancorp's Current Options Chain.
Who are some of Customers Bancorp's key competitors?
Some companies that are related to Customers Bancorp include Independent Bank Group (IBTX), International Bancshares (IBOC), Hilltop (HTH), United Community Banks (UCBI), First Bancorp (FBP), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI), Great Western Bancorp (GWB), ServisFirst Bancshares (SFBS), Heartland Financial USA (HTLF), First Busey (BUSE), Eagle Bancorp (EGBN) and Seacoast Banking Co. of Florida (SBCF).
What other stocks do shareholders of Customers Bancorp own?
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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.96%), Vanguard Group Inc. (6.12%), JPMorgan Chase & Co. (2.82%), Nuveen Asset Management LLC (2.20%), Context BH Capital Management LP (2.19%) and Invesco Ltd. (2.06%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, 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 Renaissance Technologies LLC, Charles Schwab Investment Management Inc., Citadel Advisors LLC, Russell Investments Group Ltd., D. E. Shaw & Co. Inc., First Wilshire Securities Management Inc., JPMorgan Chase & Co. and Victory Capital Management Inc.. 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 major investors are buying Customers Bancorp stock?
CUBI stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Invesco Ltd., Foundry Partners LLC, Wells Fargo & Company MN, Morgan Stanley, Matthew 25 Management Corp, Pinebridge Investments L.P. and Chicago Equity Partners LLC. 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 $19.14.
How big of a company is Customers Bancorp?
Customers Bancorp has a market capitalization of $597.74 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?
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.
