NYSE:CUBI

Customers Bancorp Stock Forecast, Price & News

$22.53

+0.27 (+1.21 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$21.68

Now: $22.53▼

$22.62

50-Day Range

$17.46

MA: $19.59▼

$22.98

52-Week Range

$8.36

Now: $22.53▼

$24.49

Volume106,865 shs

Average Volume171,190 shs

Market Capitalization$711.97 million

P/E Ratio7.36

Dividend YieldN/A

Beta1.55

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. It 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 non-retail time 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 specialty lending; 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 and administrative offices in Southeastern Pennsylvania; Rye Brook, New York; Hamilton, New Jersey; 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.

MarketRank^™

Overall MarketRank^™

2.12 out of 5 stars

Finance Sector

172nd out of 1,933 stocks

State Commercial Banks Industry

32nd out of 310 stocks

2.5 Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.80, Customers Bancorp has a forecasted upside of 10.1% from its current price of $22.53.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 3 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Customers Bancorp has received 320 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Customers Bancorp has received 274 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Customers Bancorp has received 53.87% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Customers Bancorp does not currently pay a dividend.
Dividend Growth
Customers Bancorp does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $373,500.00 in company stock.
Percentage Held by Insiders
Only 9.71% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
75.40% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to grow by 48.56% in the coming year, from $2.78 to $4.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 7.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 7.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.03.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:CUBI

Previous SymbolOTCMKTS:CUUU

CUSIPN/A

CIK1488813

Webwww.customersbank.com

Phone610-933-2000

Employees881

Debt

Debt-to-Equity Ratio1.24

Current Ratio1.42

Quick Ratio1.42

Price-To-Earnings

Trailing P/E Ratio7.36

Forward P/E Ratio8.10

P/E GrowthN/A

Sales & Book Value

Annual Sales$544.68 million

Price / Sales1.31

Cash Flow$3.50 per share

Price / Cash Flow6.44

Book Value$26.67 per share

Price / Book0.84

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$79.33 million

Net Margins17.45%

Return on Equity12.53%

Return on Assets0.67%

Miscellaneous

Outstanding Shares31,601,000

Market Cap$711.97 million

Next Earnings Date1/27/2021 (Confirmed)

OptionableOptionable

$22.53

+0.27 (+1.21 %)

(As of 01/22/2021 12:00 AM 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 been impacted by Coronavirus (COVID-19)?

Customers Bancorp's stock was trading at $15.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CUBI shares have increased by 49.3% and is now trading at $22.53.
View which stocks have been most impacted by COVID-19.

Is Customers Bancorp a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Customers Bancorp stock.
View analyst ratings for Customers Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Customers Bancorp?

Wall Street analysts have given Customers Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Customers Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Customers Bancorp's CEO?

6,978 employees have rated Customers Bancorp CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Customers Bancorp's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Customers Bancorp's next earnings date?

Customers Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Customers Bancorp.

How can I listen to Customers Bancorp's earnings call?

Customers Bancorp will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc. (NYSE:CUBI) released its quarterly earnings data on Wednesday, October, 28th. The bank reported $1.48 EPS for the quarter, beating the Zacks' consensus estimate of $1.00 by $0.48. The bank had revenue of $141.23 million for the quarter, compared to analyst estimates of $126.11 million. Customers Bancorp had a return on equity of 12.53% and a net margin of 17.45%.
View Customers Bancorp's earnings history.

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

Customers Bancorp issued an update on its FY 2026 After-Hours earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of 6.00-6.00 for the period.

What price target have analysts set for CUBI?

5 equities research analysts have issued 12 month price targets for Customers Bancorp's stock. Their forecasts range from $20.00 to $30.00. On average, they expect Customers Bancorp's stock price to reach $24.80 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts' price targets for Customers Bancorp or view Wall Street analyst' top-rated stocks.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 383,000 shares, a drop of 19.6% from the December 15th total of 476,100 shares. Based on an average daily trading volume, of 139,700 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.3% of the shares of the company are sold short.
View Customers Bancorp's Short Interest.

Who are some of Customers Bancorp's key competitors?

Some companies that are related to Customers Bancorp include United Community Banks (UCBI), International Bancshares (IBOC), First Interstate BancSystem (FIBK), Independent Bank (INDB), ServisFirst Bancshares (SFBS), First BanCorp. (FBP), Renasant (RNST), Live Oak Bancshares (LOB), TowneBank (TOWN), Seacoast Banking Co. of Florida (SBCF), Banner (BANR), FB Financial (FBK), Heartland Financial USA (HTLF), Lakeland Financial (LKFN) and Triumph Bancorp (TBK).
View all of CUBI's 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), Biogen (BIIB), Genocea Biosciences (GNCA), Pfizer (PFE), (PRMW), Visa (V), AbbVie (ABBV), Enbridge (ENB), Infinera (INFN) and Pentair (PNR).

Who are Customers Bancorp's key executives?

Customers Bancorp's management team includes the following people:

Mr. Jay S. Sidhu, Founder, Chairman & CEO (Age 68, Pay $769.54k)
Mr. Richard A. Ehst, Pres (Age 73, Pay $486.8k)
Ms. Carla A. Leibold, Exec. VP, CFO & Treasurer (Age 53, Pay $353.77k)
Mr. James T. Collins, Sr. EVP & Chief Admin. Officer (Age 52, Pay $288.61k)
Mr. Samvir S. Sidhu, Head of Corp. Devel. & COO
Mr. Jessie John Deano Velasquez, Sr. VP, Chief Accounting Officer & Controller (Age 41)
Mr. Robert Hutcheson Ramsey CFA, Director of Investor Relations & Strategic Planning
Mr. Robert G. Philips, Sr. VP
Mr. Robert Fischer, Sr. VP, Relationship Mang. and Member of the Lending Team
Mr. Timothy D. Romig, Regional Chief Lending Officer

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 retail and institutional investors. Top institutional shareholders include Denali Advisors LLC (0.21%), Exchange Traded Concepts LLC (0.09%), State of Alaska Department of Revenue (0.07%) and 6 Meridian (0.03%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Richard A Ehst, Rick Burkey, 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 State of Alaska Department of Revenue, and 6 Meridian. Company insiders that have sold Customers Bancorp company stock in the last year include Glenn Hedde, James T Collins, Richard A Ehst, Rick Burkey, Steven Issa, and Thomas John Jastrem.
View insider buying and selling activity for Customers Bancorp or view top insider-selling stocks.

Which institutional investors are buying Customers Bancorp stock?

CUBI stock was bought by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, and Denali Advisors LLC.
View insider buying and selling activity for Customers Bancorp or or view top insider-buying stocks.

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 WeBull, 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 $22.53.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $711.97 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 881 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 701 Reading Avenue, West Reading PA, 19611. The bank can be reached via phone at 610-933-2000 or via email at [email protected]

This page was last updated on 1/24/2021 by MarketBeat.com Staff

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