NYSE:CUBICustomers Bancorp Stock Price, Forecast & News

Customers Bancorp's stock was trading at $15.09 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CUBI stock has decreased by 10.9% and is now trading at $13.45.
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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."
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Customers Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Customers Bancorp Inc (NYSE:CUBI) announced its quarterly earnings results on Thursday, July, 30th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.17. The bank had revenue of $114.22 million for the quarter, compared to analyst estimates of $108.09 million. Customers Bancorp had a net margin of 14.19% and a return on equity of 10.77%.
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Customers Bancorp updated its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of 3.00-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.08.

2 brokerages have issued 1 year 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 52.4% from the stock's current price.
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News articles about CUBI stock have trended somewhat positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Customers Bancorp earned a news sentiment score of 1.0 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Customers Bancorp.

Some companies that are related to Customers Bancorp include United Community Banks (UCBI), Renasant (RNST), TowneBank (TOWN), Pacific Premier Bancorp (PPBI), Banner (BANR), First Bancorp (FBP), Lakeland Financial (LKFN), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Eagle Bancorp (EGBN), First Busey (BUSE), Southside Bancshares (SBSI), Stock Yards Bancorp (SYBT), Veritex (VBTX) and 1st Source (SRCE).
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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).

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

Customers Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include BHZ Capital Management LP (2.29%), LSV Asset Management (1.59%), Foundry Partners LLC (1.04%), Principal Financial Group Inc. (0.75%), Mackay Shields LLC (0.47%) and Denali Advisors LLC (0.23%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Richard A Ehst, Steven Issa and Thomas John Jastrem.
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CUBI stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Eqis Capital Management Inc., Lincoln Capital Corp, Mackay Shields LLC, LSV Asset Management, Rothschild Investment Corp IL, and Texas Permanent School Fund. Company insiders that have sold Customers Bancorp company stock in the last year include James T Collins, Steven Issa, and Thomas John Jastrem.
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CUBI stock was purchased by a variety of institutional investors in the last quarter, including BHZ Capital Management LP, Russell Investments Group Ltd., WINTON GROUP Ltd, Foundry Partners LLC, Denali Advisors LLC, Principal Financial Group Inc., Envestnet Asset Management Inc., and Rafferty Asset Management LLC.
View insider buying and selling activity for 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.

One share of CUBI stock can currently be purchased for approximately $13.45.

Customers Bancorp has a market capitalization of $423.55 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.

The official website for Customers Bancorp is www.customersbank.com.

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]