Customers Bancorp - CUBI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CUBI shares.
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5 Wall Street research analysts have issued 1-year target prices for Customers Bancorp's shares. Their CUBI share price forecasts range from $44.00 to $85.00. On average, they anticipate the company's share price to reach $59.50 in the next twelve months. This suggests a possible upside of 86.3% from the stock's current price.
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Customers Bancorp's stock was trading at $28.34 at the beginning of the year. Since then, CUBI stock has increased by 12.7% and is now trading at $31.93.
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Customers Bancorp saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 1,300,000 shares, a decrease of 13.3% from the December 15th total of 1,500,000 shares. Based on an average trading volume of 306,300 shares, the days-to-cover ratio is presently 4.2 days. Approximately 4.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Customers Bancorp, Inc. (NYSE:CUBI) posted its earnings results on Tuesday, October, 26th. The bank reported $3.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $1.49. The bank earned $245.48 million during the quarter, compared to the consensus estimate of $176.43 million. Customers Bancorp had a net margin of 24.85% and a trailing twelve-month return on equity of 21.40%. During the same period in the previous year, the company posted $1.20 EPS.

Customers Bancorp updated its FY 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of $6.00-$6.25 for the period, compared to the consensus estimate of $6.07. The company issued revenue guidance of -.

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.

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).

Customers Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBI."

Customers Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.99%), Kornitzer Capital Management Inc. KS (0.92%), Phocas Financial Corp. (0.60%), Assenagon Asset Management S.A. (0.59%), Hennessy Advisors Inc. (0.32%) and New York State Common Retirement Fund (0.31%). 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.
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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.
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One share of CUBI stock can currently be purchased for approximately $31.93.

Customers Bancorp (NYSE:CUBI) has a market capitalization of $1.04 billion and generates $917.65 million in revenue each year. The bank earns $228.03 million in net income (profit) each year or $6.48 on an earnings per share basis.

The company employs 665 workers across the globe.

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.