Customers Bancorp - CUBI Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CUBI shares.
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5 analysts have issued twelve-month price targets 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 85.5% from the stock's current price.
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Customers Bancorp's stock was trading at $28.34 at the start of the year. Since then, CUBI shares have increased by 13.2% and is now trading at $32.08.
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Customers Bancorp saw a decline in short interest in December. As of December 30th, there was short interest totaling 1,300,000 shares, a decline 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. Currently, 4.3% of the shares of the company are sold short.
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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 (EPS) 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 quarter last year, the company posted $1.20 earnings per share.

Customers Bancorp issued an update on 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 a number of institutional and retail investors. Top institutional shareholders include Emerald Advisers LLC (1.74%), Emerald Mutual Fund Advisers Trust (1.50%), Peregrine Capital Management LLC (0.99%), Kornitzer Capital Management Inc. KS (0.92%), Phocas Financial Corp. (0.60%) and Assenagon Asset Management S.A. (0.59%). 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 $32.08.

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.