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NYSE:CUBI

Customers Bancorp - CUBI Stock Forecast, Price & News

$39.89
+0.90 (+2.31%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$38.89
$39.94
50-Day Range
$32.67
$41.51
52-Week Range
$32.19
$76.13
Volume
147,425 shs
Average Volume
440,775 shs
Market Capitalization
$1.29 billion
P/E Ratio
4.00
Dividend Yield
N/A
Price Target
$69.57

Customers Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
74.4% Upside
$69.57 Price Target
Short Interest
Bearish
6.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.92mentions of Customers Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-12.06%
From $7.38 to $6.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Finance Sector

736th out of 918 stocks

State Commercial Banks Industry

172nd out of 191 stocks

CUBI stock logo

About Customers Bancorp (NYSE:CUBI) Stock

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. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.

Customers Bancorp Price Performance

Shares of NYSE:CUBI opened at $38.99 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $36.41 and a two-hundred day simple moving average of $45.76. Customers Bancorp has a 1-year low of $32.19 and a 1-year high of $76.13. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 3.91 and a beta of 1.60.

Customers Bancorp (NYSE:CUBI - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The bank reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.08). Customers Bancorp had a return on equity of 29.54% and a net margin of 38.56%. During the same period in the prior year, the company posted $1.76 EPS. Analysts anticipate that Customers Bancorp will post 7.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CUBI. DA Davidson reissued a "neutral" rating on shares of Customers Bancorp in a research report on Wednesday, July 27th. B. Riley decreased their target price on shares of Customers Bancorp from $90.00 to $85.00 in a research report on Monday, July 11th. Stephens dropped their price target on shares of Customers Bancorp from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 2nd. Maxim Group reissued a "buy" rating and set a $85.00 price objective on shares of Customers Bancorp in a report on Friday, April 29th. Finally, Jefferies Financial Group cut their target price on Customers Bancorp from $63.00 to $48.00 in a research report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp presently has an average rating of "Moderate Buy" and an average price target of $69.57.

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CUBI Stock News Headlines

This Tech-Driven Bank Stock Is Still Dirt Cheap
Customers Bancorp (NYSE:CUBI) PT Lowered to $52.00 at Stephens
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CUBI Company Calendar

Last Earnings
7/27/2022
Today
8/12/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Previous Symbol
OTCMKTS:CUUU
Fax
N/A
Employees
665
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$69.57
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+74.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$314.65 million
Pretax Margin
48.31%

Debt

Sales & Book Value

Annual Sales
$858.75 million
Cash Flow
$5.11 per share
Book Value
$37.46 per share

Miscellaneous

Free Float
30,264,000
Market Cap
$1.29 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • Mr. Jay S. Sidhu (Age 70)
    Founder, Chairman & CEO
    Comp: $2.01M
  • Mr. Samvir S. Sidhu
    Pres & Vice Chairman
  • Ms. Carla A. Leibold (Age 55)
    Exec. VP & CFO
    Comp: $843.82k
  • Mr. Andrew Hertz Bowman (Age 54)
    Sr. EVP, Chief Credit Officer
    Comp: $362.92k
  • Mr. Lyle P. Cunningham (Age 58)
    Exec. VP & Chief Lending Officer
    Comp: $465.5k
  • Mr. Jessie John Deano Velasquez (Age 43)
    Exec. VP & Chief Accounting Officer
  • Ms. Jennifer L. Frost (Age 47)
    Exec. VP & Chief Admin. Officer
  • Mr. William J. Pizzichil
    Exec. VP & Chief Compliance Officer
  • Mr. Andrew B. Sachs Esq.
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. David W. Patti
    Director of Communications













CUBI Stock - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?

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.
View CUBI analyst ratings
or view top-rated stocks.

What is Customers Bancorp's stock price forecast for 2022?

8 equities research analysts have issued 12-month price targets for Customers Bancorp's shares. Their CUBI share price forecasts range from $48.00 to $85.00. On average, they anticipate the company's stock price to reach $69.57 in the next year. This suggests a possible upside of 76.1% from the stock's current price.
View analysts price targets for CUBI
or view top-rated stocks among Wall Street analysts.

How have CUBI shares performed in 2022?

Customers Bancorp's stock was trading at $65.37 at the start of the year. Since then, CUBI stock has decreased by 39.6% and is now trading at $39.50.
View the best growth stocks for 2022 here
.

When is Customers Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CUBI earnings forecast
.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc. (NYSE:CUBI) issued its quarterly earnings data on Wednesday, July, 27th. The bank reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.76 by $0.08. Customers Bancorp had a net margin of 38.56% and a trailing twelve-month return on equity of 29.54%. During the same period in the previous year, the business earned $1.76 earnings per share.

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

Customers Bancorp issued an update on 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 earnings per share estimate of $7.78. The company issued revenue guidance of -.

What is Jay S. Sidhu's approval rating as Customers Bancorp's CEO?

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.

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

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 variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.70%), Emerald Mutual Fund Advisers Trust (1.72%), Emerald Advisers LLC (1.63%), JPMorgan Chase & Co. (1.12%), Peregrine Capital Management LLC (0.99%) and Thompson Siegel & Walmsley LLC (0.72%). 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.
View institutional ownership trends
.

How do I buy shares of Customers Bancorp?

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.
Compare Top Brokerages Here.

What is Customers Bancorp's stock price today?

One share of CUBI stock can currently be purchased for approximately $39.50.

How much money does Customers Bancorp make?

Customers Bancorp (NYSE:CUBI) has a market capitalization of $1.28 billion 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.

How many employees does Customers Bancorp have?

The company employs 665 workers across the globe.

How can I contact Customers Bancorp?

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.

This page (NYSE:CUBI) was last updated on 8/12/2022 by MarketBeat.com Staff

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