NYSE:CUBICustomers Bancorp Stock Price, Forecast & News

$11.06

-0.03 (-0.27 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$10.95

Now: $11.06▼

$11.28

50-Day Range

$8.82

MA: $10.73▼

$13.10

52-Week Range

$8.36

Now: $11.06▼

$25.72

Volume269,800 shs

Average Volume255,912 shs

Market Capitalization$348.06 million

P/E Ratio5.85

Dividend YieldN/A

Beta1.45

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to small and middle market businesses, not-for-profits, and consumers. The company operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, and individual retirement accounts, as well as certificates of deposit. It also provides commercial and industrial lending services; small business administration loans; multi-family and commercial real estate loans; commercial loans to mortgage companies; equipment financing services; and home equity and residential mortgage loans. In addition, the company offers private banking services; mobile phone banking, Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, and positive pay services; and cash management services, such as account reconciliation, collections, and sweep accounts. It operates 13 full-service branches, as well as limited purpose offices in Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Philadelphia, Pennsylvania; Washington D.C.; and Chicago, Illinois. Customers Bancorp, Inc. was founded in 1994 and is headquartered in Wyomissing, Pennsylvania.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.00, Customers Bancorp has a potential upside of 135.1% from its current price of $11.06.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Customers Bancorp has received 309 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Customers Bancorp has received 267 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Customers Bancorp has received 53.65% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Customers Bancorp and other stocks. Vote “Outperform” if you believe CUBI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CUBI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Customers Bancorp does not currently pay a dividend.
Dividend Growth
Customers Bancorp does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $58,993.00 in company stock.
Percentage Held by Insiders
Only 9.71% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
80.42% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to decrease by -40.30% in the coming year, from $3.35 to $2.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 5.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 5.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:CUBI

Previous SymbolOTCMKTS:CUUU

CUSIPN/A

CIK1488813

Webwww.customersbank.com

Phone610-933-2000

Debt

Debt-to-Equity Ratio2.16

Current Ratio1.11

Quick Ratio1.06

Price-To-Earnings

Trailing P/E Ratio5.85

Forward P/E Ratio3.30

P/E GrowthN/A

Sales & Book Value

Annual Sales$544.68 million

Price / Sales0.64

Cash Flow$3.52 per share

Price / Cash Flow3.14

Book Value$26.67 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$2.25

Net Income$79.33 million

Net Margins13.05%

Return on Equity10.38%

Return on Assets0.71%

Miscellaneous

Employees827

Outstanding Shares31,470,000

Market Cap$348.06 million

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Customers Bancorp (NYSE:CUBI) Frequently Asked Questions

How has Customers Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Customers Bancorp's stock was trading at $15.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CUBI shares have decreased by 26.7% and is now trading at $11.06. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Customers Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Customers Bancorp.

When is Customers Bancorp's next earnings date?

Customers Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Customers Bancorp.

How were Customers Bancorp's earnings last quarter?

Customers Bancorp Inc (NYSE:CUBI) posted its quarterly earnings data on Monday, May, 4th. The bank reported $0.26 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.17. The bank had revenue of $103.25 million for the quarter, compared to analyst estimates of $102.98 million. Customers Bancorp had a return on equity of 10.38% and a net margin of 13.05%. View Customers Bancorp's earnings history.

What price target have analysts set for CUBI?

3 brokers have issued 12 month target prices for Customers Bancorp's shares. Their forecasts range from $14.00 to $38.00. On average, they anticipate Customers Bancorp's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 135.1% from the stock's current price. View analysts' price targets for Customers Bancorp.

Has Customers Bancorp been receiving favorable news coverage?

Press coverage about CUBI stock has been trending very negative on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive 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 positive five, with scores closest to five being the most favorable. Customers Bancorp earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutCustomers Bancorp.

Are investors shorting Customers Bancorp?

Customers Bancorp saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 496,000 shares, a drop of 6.7% from the April 30th total of 531,600 shares. Based on an average daily trading volume, of 282,400 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the company's stock are short sold. View Customers Bancorp's Current Options Chain.

Who are some of Customers Bancorp's key competitors?

Some companies that are related to Customers Bancorp include TowneBank (TOWN), Renasant (RNST), Texas Capital Bancshares (TCBI), Banner (BANR), Pacific Premier Bancorp (PPBI), First Bancorp (FBP), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), First Busey (BUSE), Southside Bancshares (SBSI), 1st Source (SRCE), Veritex (VBTX) and S & T Bancorp (STBA). View all competitors.

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), Visa (V), Biogen (BIIB), Continental Resources (CLR), Chipotle Mexican Grill (CMG), CARBO Ceramics (CRR), Occidental Petroleum (OXY), Primo Water (PRMW), Charles Schwab (SCHW) and Accenture (ACN).

Who are Customers Bancorp's key executives?

Customers Bancorp's management team includes the following people:

Mr. Jay S. Sidhu, Chairman & CEO (Age 67)
Mr. Richard A. Ehst, Pres & COO (Age 72)
Ms. Carla A. Leibold, Exec. VP, CFO & Treasurer (Age 52)
Mr. Glenn A. Hedde, Exec. VP & Pres of Customers Bank Warehouse Lending (Age 58)
Mr. Steven J. Issa, EVP, Chief Lending Officer & New England Pres of Commercial/Specialty Lending (Age 64)

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. (14.36%), Aristotle Capital Boston LLC (3.58%), State Street Corp (3.34%), Basswood Capital Management L.L.C. (2.43%), BHZ Capital Management LP (2.10%) and JPMorgan Chase & Co. (1.97%). Company insiders that own Customers Bancorp stock include Glenn Hedde, James T Collins, Jay S Sidhu, Richard A Ehst, Steven Issa, T Lawrence Way and Thomas John Jastrem. View institutional ownership trends for Customers Bancorp.

Which institutional investors are selling Customers Bancorp stock?

CUBI stock was sold by a variety of institutional investors in the last quarter, including Matthew 25 Management Corp, JPMorgan Chase & Co., Morgan Stanley, Public Sector Pension Investment Board, AJO LP, BlackRock Inc., Citigroup Inc., and Parametric Portfolio Associates LLC. Company insiders that have sold Customers Bancorp company stock in the last year include James T Collins, and Thomas John Jastrem. View insider buying and selling activity for Customers Bancorp.

Which institutional investors are buying Customers Bancorp stock?

CUBI stock was bought by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., Matarin Capital Management LLC, Deutsche Bank AG, Invesco Ltd., Foundry Partners LLC, State Street Corp, BHZ Capital Management LP, and AQR Capital Management LLC. View insider buying and selling activity for Customers Bancorp.

How do I buy shares of 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.

What is Customers Bancorp's stock price today?

One share of CUBI stock can currently be purchased for approximately $11.06.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $348.06 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.

What is Customers Bancorp's official website?

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

How can I contact Customers Bancorp?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff