NYSE:CUBI - Customers Bancorp Stock Price, News, & Analysis

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$20.57 +0.13 (+0.64 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$20.44
Today's Range$20.29 - $20.62
52-Week Range$16.72 - $32.34
Volume68,400 shs
Average Volume174,743 shs
Market Capitalization$640.67 million
P/E Ratio8.47
Dividend YieldN/A
Beta0.94
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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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$476.95 million
Cash Flow$3.3556 per share
Book Value$24.43 per share

Profitability

Net Income$71.69 million

Miscellaneous

Employees827
Market Cap$640.67 million
Next Earnings Date7/24/2019 (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) announced its quarterly earnings results on Wednesday, April, 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.35 by $0.03. The bank earned $79.02 million during the quarter, compared to the consensus estimate of $82.68 million. Customers Bancorp had a return on equity of 10.90% and a net margin of 13.13%. During the same period in the prior year, the company posted $0.64 earnings per share. View Customers Bancorp's Earnings History.

When is Customers Bancorp's next earnings date?

Customers Bancorp is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for Customers Bancorp.

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

Customers Bancorp updated its FY20 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of $3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. Customers Bancorp also updated its FY19 guidance to $2.21 EPS.

What price target have analysts set for CUBI?

4 equities research analysts have issued twelve-month price targets for Customers Bancorp's shares. Their predictions range from $22.75 to $38.00. On average, they expect Customers Bancorp's share price to reach $29.4375 in the next year. This suggests a possible upside of 43.1% 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 4 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. " (1/8/2019)
  • 2. 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)

Has Customers Bancorp been receiving favorable news coverage?

Media coverage about CUBI stock has been trending somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Customers Bancorp earned a daily sentiment score of 1.6 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

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 Crocs (CROX), CARBO Ceramics (CRR), Visa (V), Biogen (BIIB), Alcatel Lucent (ALU), Aegean Marine Petroleum Network (ANW), Citigroup (C), Continental Resources (CLR), Chipotle Mexican Grill (CMG) and Charles Schwab (SCHW).

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 a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.87%), Dimensional Fund Advisors LP (8.47%), JPMorgan Chase & Co. (2.93%), Context BH Capital Management LP (2.19%), LSV Asset Management (1.65%) and OppenheimerFunds Inc. (1.62%). Company insiders that own Customers Bancorp stock include 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 Goldman Sachs Group Inc., BlackRock Inc., Morgan Stanley, Citigroup Inc., Algert Global LLC, Eagle Boston Investment Management Inc., Dimensional Fund Advisors LP and Northern Trust Corp. Company insiders that have sold Customers Bancorp company stock in the last year include Glenn Hedde, Jay S Sidhu, Richard A Ehst, 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 JPMorgan Chase & Co., Renaissance Technologies LLC, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Matthew 25 Management Corp, LSV Asset Management, GYL Financial Synergies LLC and GYL Financial Synergies 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 $20.57.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $640.67 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.

What is Customers Bancorp's official website?

The official website for Customers Bancorp is http://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]


MarketBeat Community Rating for Customers Bancorp (NYSE CUBI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  458
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.
This page was last updated on 5/25/2019 by MarketBeat.com Staff

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