NYSE:CUBICustomers Bancorp Stock Price, Forecast & News

Customers Bancorp's stock was trading at $15.09 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CUBI shares have 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."
View analyst ratings for Customers Bancorp.

Customers Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Customers Bancorp.

Customers Bancorp Inc (NYSE:CUBI) posted its quarterly earnings data on Thursday, July, 30th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.17. The bank earned $114.22 million during the quarter, compared to the consensus estimate of $108.09 million. Customers Bancorp had a return on equity of 10.77% and a net margin of 14.19%.
View Customers Bancorp's earnings history.

Customers Bancorp updated its FY 2020 Pre-Market earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of 3.00-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.08.

2 brokers have issued 1 year price objectives for Customers Bancorp's stock. 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 year. This suggests a possible upside of 52.4% from the stock's current price.
View analysts' price targets for Customers Bancorp.

Press coverage about CUBI stock has been trending extremely negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Customers Bancorp earned a news sentiment score of -4.1 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Customers Bancorp.

Customers Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 658,500 shares, an increase of 32.8% from the April 30th total of 496,000 shares. Based on an average daily trading volume, of 313,100 shares, the short-interest ratio is presently 2.1 days. Currently, 2.3% of the company's shares are sold short.
View Customers Bancorp's Short Interest.

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 a number of institutional and retail investors. Top institutional shareholders include Prudential Financial Inc. (3.00%), BHZ Capital Management LP (2.29%), LSV Asset Management (1.59%), Bank of New York Mellon Corp (1.09%), Foundry Partners LLC (1.04%) and AJO LP (0.96%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Richard A Ehst, Steven Issa and Thomas John Jastrem.
View institutional ownership trends for Customers Bancorp.

CUBI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ClariVest Asset Management LLC, Nisa Investment Advisors LLC, Eqis Capital Management Inc., Lincoln Capital Corp, Mackay Shields LLC, LSV Asset Management, and Rothschild Investment Corp IL. Company insiders that have sold Customers Bancorp company stock in the last year include James T Collins, Richard A Ehst, Steven Issa, and Thomas John Jastrem.
View insider buying and selling activity for Customers Bancorp.

CUBI stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., BHZ Capital Management LP, Russell Investments Group Ltd., WINTON GROUP Ltd, Foundry Partners LLC, AJO LP, Denali Advisors LLC, and Principal Financial Group Inc..
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]