NYSE:CUBI

Customers Bancorp Stock Forecast, Price & News

$10.85

-0.60 (-5.24 %)

(As of 09/22/2020 12:00 AM ET)

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Today's Range

$10.83

Now: $10.85▼

$11.65

50-Day Range

$11.45

MA: $12.54▼

$13.57

52-Week Range

$8.36

Now: $10.85▼

$25.72

Volume207,091 shs

Average Volume237,485 shs

Market Capitalization$341.68 million

P/E Ratio4.68

Dividend YieldN/A

Beta1.51

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.50, Customers Bancorp has a forecasted upside of 88.9% from its current price of $10.85.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Customers Bancorp has received 311 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Customers Bancorp has received 271 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Customers Bancorp has received 53.44% “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.

1.0 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 $49,000.00 in company stock.
Percentage Held by Insiders
Only 9.71% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
78.79% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to decrease by -22.67% in the coming year, from $3.00 to $2.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 4.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 4.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.00.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.77 out of 5 stars

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

Debt

Debt-to-Equity Ratio1.30

Current Ratio1.42

Quick Ratio1.38

Price-To-Earnings

Trailing P/E Ratio4.68

Forward P/E Ratio3.62

P/E GrowthN/A

Sales & Book Value

Annual Sales$544.68 million

Price / Sales0.63

Cash Flow$3.05 per share

Price / Cash Flow3.56

Book Value$26.67 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$79.33 million

Net Margins14.19%

Return on Equity10.77%

Return on Assets0.64%

Miscellaneous

Employees827

Outstanding Shares31,491,000

Market Cap$341.68 million

Next Earnings Date10/28/2020 (Estimated)

OptionableOptionable

$10.85

-0.60 (-5.24 %)

(As of 09/22/2020 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 stock has decreased by 28.1% and is now trading at $10.85.
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) announced its quarterly earnings results 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 had revenue of $114.22 million for the quarter, compared to the consensus estimate of $108.09 million. Customers Bancorp had a net margin of 14.19% and a return on equity of 10.77%.
View Customers Bancorp's earnings history.

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

Customers Bancorp issued an update on its FY20 earnings guidance on Tuesday, September, 15th. The company provided earnings per share guidance of $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.53.

What price target have analysts set for CUBI?

2 brokerages have issued 12 month target prices for Customers Bancorp's shares. 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 twelve months. This suggests a possible upside of 88.9% from the stock's current price.
View analysts' price targets for Customers Bancorp.

Who are some of Customers Bancorp's key competitors?

Some companies that are related to Customers Bancorp include Renasant (RNST), TowneBank (TOWN), First Bancorp (FBP), Banner (BANR), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Live Oak Bancshares (LOB), Seacoast Banking Co. of Florida (SBCF), First Busey (BUSE), Oritani Financial (ORIT), Eagle Bancorp (EGBN), Stock Yards Bancorp (SYBT), Veritex (VBTX), Southside Bancshares (SBSI) and FB Financial (FBK).
View all 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 Vanguard Group Inc. (5.18%), Prudential Financial Inc. (3.00%), BHZ Capital Management LP (2.29%), Nuveen Asset Management LLC (2.01%), LSV Asset Management (1.59%) and Nordea Investment Management AB (1.29%). 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 Third Avenue Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Bank of America Corp DE, ClariVest Asset Management LLC, Nisa Investment Advisors LLC, Eqis Capital Management Inc., and Lincoln Capital Corp. 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 purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Nordea Investment Management AB, Nuveen Asset Management LLC, BHZ Capital Management LP, Russell Investments Group Ltd., WINTON GROUP Ltd, Foundry Partners LLC, and Sei Investments Co..
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 $10.85.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $341.68 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 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 9/22/2020 by MarketBeat.com Staff

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