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NYSE:CUBI

Customers Bancorp - CUBI Stock Forecast, Price & News

$29.55
+0.10 (+0.34%)
(As of 12/8/2022 04:29 PM ET)
Add
Compare
Today's Range
$29.30
▼
$30.13
50-Day Range
$29.45
▼
$34.67
52-Week Range
$29.21
▼
$76.13
Volume
222,397 shs
Average Volume
384,006 shs
Market Capitalization
$960.82 million
P/E Ratio
3.44
Dividend Yield
N/A
Price Target
$59.50

Customers Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
101.4% Upside
$59.50 Price Target
Short Interest
Bearish
5.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-26.68%
From $7.76 to $5.69 Per Share

Overall MarketRank™

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

1.91 out of 5 stars

Finance Sector

700th out of 862 stocks

State Commercial Banks Industry

152nd out of 181 stocks

See Top Rated MarketRank™ Stocks Here
CUBI stock logo

About Customers Bancorp (NYSE:CUBI) Stock

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank. Customers Bancorp, Inc. was founded in 1997 as New Century Bank which operated 5 branches in Southern Pennsylvania. The company’s lending portfolio, which was primarily residential mortgage loans, led to the bank's eventual rebranding and hiring of Jay Sidhu as chairman and chief executive officer. The bank changed to a Bank Holding Company after it made a few strategic acquisitions and it now operates 12 full-service branches across 10 states and provides financial services to individuals, and small, and medium-sized businesses. The bank was a “troubled asset” worth $250 million when Mr. Sidhu took over and now it is worth upwards of $20 billion.

Customers Bancorp, Inc is a super-community bank operating in multiple states across the US. The company’s assets topped $20.3 billion in mid-2022 which put it on par with many of the US regional banks. The company sets itself apart by offering dedicated personal service to all its clients and by operating as a digital-first business. This means a single point of contact to help with any needs that may arise and full-service digital banking for all client needs.

Customers Bancorp offers traditional deposit products, including checking, savings, MMDA, and other deposit accounts as well as a full range of loans. Loan products include but are not limited to commercial warehouse loans, loans for multi-family construction, commercial real estate, small business loans, equipment financing, residential mortgages, and consumer lines of credit.

The company also offers traditional and business banking activities including mobile, internet, wire transfers, electronic bill payment, safe deposit boxes, remote capture, courier, payment processing services, and cash management.

Among the many services offered by Customers Bancorp are digital assets. The company supports a wide range of cryptocurrency-related services for individuals and businesses and even uses its own token. The token is used to power instant B2B payments across the TassatPay blockchain network. The company’s native token is CBIT (Customers Bancorp Instant Token).

Customers Bancorp is headquartered in West Reading, Pennsylvania, and operates 12 full-service branches, as well as production and administrative offices in several counties in southeastern Pennsylvania, New York, Massachusetts, Rhode Island, New Hampshire, Illinois, Florida, and North Carolina.

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CUBI Stock News Headlines

December 3, 2022 | americanbankingnews.com
Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Rating of "Moderate Buy" by Analysts
November 28, 2022 | bizjournals.com
Small Deposits: NewSpring Holdings completes first portfolio exit with $590M deal; bank M&A down 13%
November 22, 2022 | finance.yahoo.com
Investors in Customers Bancorp (NYSE:CUBI) have unfortunately lost 45% over the last year
November 4, 2022 | finance.yahoo.com
The Market Is Sleeping on This Stock. It's Time to Buy
November 3, 2022 | seekingalpha.com
BM Technologies: The Warrants
November 1, 2022 | finance.yahoo.com
Customers Bancorp agrees to pay Kabbage $58M to settle PPP fee dispute
October 27, 2022 | seekingalpha.com
Customers Bancorp, Inc. (CUBI) Q3 2022 Earnings Call Transcript
October 26, 2022 | benzinga.com
Recap: Customers Bancorp Q3 Earnings
October 26, 2022 | finance.yahoo.com
Customers Bancorp Reports Results for Third Quarter 2022
October 25, 2022 | finance.yahoo.com
Veritex Holdings (VBTX) Q3 Earnings and Revenues Surpass Estimates
October 21, 2022 | finance.yahoo.com
CBTX (STEL) Earnings Expected to Grow: Should You Buy?
October 19, 2022 | finance.yahoo.com
Earnings Preview: Customers Bancorp (CUBI) Q3 Earnings Expected to Decline
October 18, 2022 | finance.yahoo.com
Customers Bancorp, Inc. (CUBI-PF)
October 11, 2022 | finance.yahoo.com
Customers Bancorp, Inc. to Host Third Quarter Earnings Webcast on October 27, 2022
October 3, 2022 | finance.yahoo.com
Tassat® successfully completes launch of The Digital Interbank Network™
September 28, 2022 | finance.yahoo.com
Byline Bank Partners with Tassat Group To Provide Private Blockchain-Based, Real-Time Solutions to Commercial Customers
September 26, 2022 | finance.yahoo.com
Customers Bancorp, Inc. (CUBI)
September 24, 2022 | finance.yahoo.com
Veteran Technology Executive John Kispert Joins Tassat Group Board of Directors
September 13, 2022 | nasdaq.com
Customers Bancorp's (NYSE:CUBI) investors will be pleased with their respectable 77% return over the last three years
August 25, 2022 | finance.yahoo.com
Former Consumer Financial Protection Bureau Regulator Joins Board at Customers Bancorp
August 24, 2022 | fool.com
Customers Bancorp (NYSE: CUBI)
August 21, 2022 | marketwatch.com
Customers Bancor Shares Down 31.1% Since SmarTrend's Sell Call (CUBI)
August 17, 2022 | seekingalpha.com
BM Technologies: FinTech Valued At P/FCF Of 2.97 With Multiple Major Catalysts This Year
August 13, 2022 | marketwatch.com
Customers Bancor Down 33.2% Since SmarTrend Downtrend Call (CUBI)
August 3, 2022 | finance.yahoo.com
This Tech-Driven Bank Stock Is Still Dirt Cheap
See More Headlines
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CUBI Company Calendar

Last Earnings
10/26/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/23/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:CUBI
Previous Symbol
OTCMKTS:CUUU
CUSIP
N/A
CIK
1488813
Web
www.customersbank.com
Phone
(610) 933-2000
Fax
N/A
Employees
665
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$59.50
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+101.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.58
Trailing P/E Ratio
3.44
Forward P/E Ratio
3.81
P/E Growth
N/A
Net Income
$314.65 million
Net Margins
34.42%
Pretax Margin
42.53%
Return on Equity
26.39%
Return on Assets
1.64%

Debt

Debt-to-Equity Ratio
0.55
Current Ratio
0.86
Quick Ratio
0.86

Sales & Book Value

Annual Sales
$858.75 million
Price / Sales
1.12
Cash Flow
$4.82 per share
Price / Cash Flow
6.13
Book Value
$37.90 per share
Price / Book
0.78

Miscellaneous

Outstanding Shares
32,515,000
Free Float
30,320,000
Market Cap
$960.82 million
Optionable
Optionable
Beta
1.59

Key Executives

  • Mr. Jay S. SidhuMr. 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
  • Mr. Andrew B. Sachs Esq.
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. David W. Patti
    Director of Communications
  • Mr. Robert Fischer
    Sr. VP, Relationship Mang. and Member of the Lending Team
  • Mr. Timothy D. Romig
    Regional Chief Lending Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CUBI Stock - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating 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 2023?

6 equities research analysts have issued twelve-month target prices for Customers Bancorp's stock. Their CUBI share price forecasts range from $44.00 to $85.00. On average, they anticipate the company's stock price to reach $59.50 in the next twelve months. This suggests a possible upside of 102.0% 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 beginning of 2022. Since then, CUBI shares have decreased by 54.9% and is now trading at $29.45.
View the best growth stocks for 2022 here.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a drop in short interest in the month of October. As of October 31st, there was short interest totaling 1,490,000 shares, a drop of 7.5% from the October 15th total of 1,610,000 shares. Based on an average daily trading volume, of 284,300 shares, the days-to-cover ratio is currently 5.2 days. Currently, 4.9% of the shares of the company are short sold.
View Customers Bancorp's Short Interest.

When is Customers Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our CUBI earnings forecast.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp, Inc. (NYSE:CUBI) issued its quarterly earnings results on Wednesday, October, 26th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.25. The bank had revenue of $150.02 million for the quarter, compared to analyst estimates of $176.53 million. Customers Bancorp had a trailing twelve-month return on equity of 26.39% and a net margin of 34.42%.

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

Customers Bancorp updated its FY 2023 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $6.00- for the period, compared to the consensus EPS estimate of $5.90. 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.86%), Dimensional Fund Advisors LP (7.21%), Vanguard Group Inc. (6.38%), State Street Corp (4.94%), Victory Capital Management Inc. (3.00%) and Thrivent Financial for Lutherans (2.24%). 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 $29.45.

How much money does Customers Bancorp make?

Customers Bancorp (NYSE:CUBI) has a market capitalization of $957.42 million and generates $858.75 million in revenue each year. The bank earns $314.65 million in net income (profit) each year or $8.58 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 12/8/2022 by MarketBeat.com Staff