Customers Bancorp - CUBI Stock Forecast, Price & News

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.