NYSE:CUBI

Customers Bancorp - CUBI Stock Forecast, Price & News

$17.45

-0.75 (-4.12%)

(As of 03/23/2023 12:46 PM ET)

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Today's Range: $17.20
▼
$18.69
50-Day Range: $17.42
▼
$32.60
52-Week Range: $6.87
▼
$57.07

Volume: 482,836 shs
Average Volume: 851,888 shs
Market Capitalization: $551.42 million

P/E Ratio: 2.69
Dividend Yield: N/A
Price Target: $59.50

Institutional Ownership

Customers Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 241.4% Upside
$59.50 Price Target
Short Interest: Bearish
6.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$553,500 Bought Last Quarter
Proj. Earnings Growth: 23.55%
From $5.35 to $6.61 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Finance Sector

230th out of 876 stocks

State Commercial Banks Industry

64th out of 180 stocks

3.4

Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $59.50, Customers Bancorp has a forecasted upside of 241.4% from its current price of $17.43.
Amount of Analyst Coverage
Customers Bancorp has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.02% of the float of Customers Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Customers Bancorp has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Customers Bancorp has recently increased by 4.73%, indicating that investor sentiment is decreasing.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CUBI.

2.5

News and Social Media Coverage

News Sentiment
Customers Bancorp has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Customers Bancorp this week, compared to 3 articles on an average week.
Search Interest
41 people have searched for CUBI on MarketBeat in the last 30 days. This is an increase of 4,000% compared to the previous 30 days.
MarketBeat Follows
12 people have added Customers Bancorp to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $553,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 6.75% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
84.33% of the stock of Customers Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Customers Bancorp are expected to grow by 23.55% in the coming year, from $5.35 to $6.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 2.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 2.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 139.62.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Customers Bancorp (NYSE:CUBI) Stock

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank. Customers Bancorp, Inc. was founded in 1997 as New Century Bank which operated 5 branches in Southern Pennsylvania. The company’s lending portfolio, which was primarily residential mortgage loans, led to the bank's eventual rebranding and hiring of Jay Sidhu as chairman and chief executive officer. The bank changed to a Bank Holding Company after it made a few strategic acquisitions and it now operates 12 full-service branches across 10 states and provides financial services to individuals, and small, and medium-sized businesses. The bank was a “troubled asset” worth $250 million when Mr. Sidhu took over and now it is worth upwards of $20 billion.

Customers Bancorp, Inc is a super-community bank operating in multiple states across the US. The company’s assets topped $20.3 billion in mid-2022 which put it on par with many of the US regional banks. The company sets itself apart by offering dedicated personal service to all its clients and by operating as a digital-first business. This means a single point of contact to help with any needs that may arise and full-service digital banking for all client needs.

Customers Bancorp offers traditional deposit products, including checking, savings, MMDA, and other deposit accounts as well as a full range of loans. Loan products include but are not limited to commercial warehouse loans, loans for multi-family construction, commercial real estate, small business loans, equipment financing, residential mortgages, and consumer lines of credit.

The company also offers traditional and business banking activities including mobile, internet, wire transfers, electronic bill payment, safe deposit boxes, remote capture, courier, payment processing services, and cash management.

Among the many services offered by Customers Bancorp are digital assets. The company supports a wide range of cryptocurrency-related services for individuals and businesses and even uses its own token. The token is used to power instant B2B payments across the TassatPay blockchain network. The company’s native token is CBIT (Customers Bancorp Instant Token).

Customers Bancorp is headquartered in West Reading, Pennsylvania, and operates 12 full-service branches, as well as production and administrative offices in several counties in southeastern Pennsylvania, New York, Massachusetts, Rhode Island, New Hampshire, Illinois, Florida, and North Carolina.

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CUBI Stock News Headlines

March 23, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Shares Gap Up to $17.91

March 18, 2023 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) Now Covered by StockNews.com

March 23, 2023 | Stansberry Research (Ad)

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March 16, 2023 | finance.yahoo.com

Trade Alert: The Lead Independent Director Of Customers Bancorp, Inc. (NYSE:CUBI), Daniel Rothermel, Has Just Spent US$54k Buying 5.1% More Shares

March 16, 2023 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) CEO Buys $499,950.00 in Stock

March 15, 2023 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) Director Daniel K. Rothermel Acquires 5,000 Shares of Stock

March 14, 2023 | finance.yahoo.com

Down More Than 30%: Insiders Buy the Dip in These 2 Beaten-Down Regional Bank Stocks

March 14, 2023 | usatoday.com

The FDIC has taken over Silicon Valley Bank: Here's what that means

March 23, 2023 | Investing Daily (Ad)

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March 13, 2023 | abcnews.go.com

Silicon Valley Bank customer gives insight on impact of collapse

March 13, 2023 | msn.com

First Republic shares plunge on SVB contagion fears

March 13, 2023 | bloomberg.com

Crypto-Friendly Customers Bancorp Falls During Sector Selloff

March 13, 2023 | bizjournals.com

Customers Bancorp's falling stock price 'overblown' in wake of Silicon Valley Bank failure

March 13, 2023 | msn.com

Two Banks Down: Swimming in High Tide Might Get You Drowned

March 13, 2023 | msn.com

US regulators say SVB customers will be made whole as second bank fails

February 16, 2023 | finance.yahoo.com

Customers Bank Introduces Loan Syndications Banking Solutions

February 8, 2023 | finance.yahoo.com

The Market Has Lost Faith in Customers Bancorp, but Management Certainly Hasn't

January 27, 2023 | finance.yahoo.com

Why Customers Bancorp Stock Dropped 9.8% This Week

January 27, 2023 | msn.com

Customers Bancorp Non-Cum Perp Pfd Shs Series E declares $0.6193 dividend

January 27, 2023 | msn.com

Customers Bancorp Non-Cum Perp Pfd Shs Series F declares $0.5956 dividend

January 27, 2023 | finance.yahoo.com

Customers Bancorp, Inc. (NYSE:CUBI) Q4 2022 Earnings Call Transcript

January 27, 2023 | finance.yahoo.com

Customers Bancorp Full Year 2022 Earnings: Misses Expectations

January 26, 2023 | nasdaq.com

Wall Street Analysts Predict a 61.53% Upside in Customers Bancorp (CUBI): Here's What You Should Know

January 26, 2023 | finance.yahoo.com

Wall Street Analysts Predict a 61.53% Upside in Customers Bancorp (CUBI): Here's What You Should Know

January 25, 2023 | finance.yahoo.com

Customers Bancorp (CUBI) Q4 Earnings and Revenues Miss Estimates

January 25, 2023 | finance.yahoo.com

Customers Bancorp Reports Results for Full Year and Fourth Quarter 2022

January 24, 2023 | finance.yahoo.com

First Bancorp (FBNC) Q4 Earnings Top Estimates

See More Headlines

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CUBI Company Calendar

Last Earnings: 1/25/2023
Today: 3/23/2023
Next Earnings (Estimated): 4/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:CUBI
Previous Symbol: OTCMKTS:CUUU
CUSIP: N/A
CIK: 1488813
Web: www.customersbank.com
Phone: (610) 933-2000
Fax: N/A
Employees: 665
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $59.50
High Stock Price Forecast: $85.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +226.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.48
Trailing P/E Ratio: 2.81
Forward P/E Ratio: 3.40
P/E Growth: N/A
Net Income: $228.03 million
Net Margins: 24.85%
Pretax Margin: 31.74%
Return on Equity: 21.40%
Return on Assets: 1.32%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 0.88
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $917.65 million
Price / Sales: 0.63
Cash Flow: $7.49 per share
Price / Cash Flow: 2.43
Book Value: $38.91 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 31,600,000
Free Float: 29,469,000
Market Cap: $575.12 million
Optionable: Optionable
Beta: 1.56

Key Executives

Jay S. Sidhu
Chairman & Chief Executive Officer

Samvir S. Sidhu
President

Carla A. Leibold
Chief Financial Officer, Treasurer & Executive VP

James Collins
Chief Administrative Officer & Senior Executive VP

Lyle P. Cunningham
Chief Lending Officer, EVP & MD-Finance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CUBI Stock - Frequently Asked Questions

Should I buy or sell Customers Bancorp stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CUBI shares.
View CUBI analyst ratings or view top-rated stocks.
What is Customers Bancorp's stock price forecast for 2023?: 5 brokers have issued 12-month price objectives for Customers Bancorp's shares. Their CUBI share price forecasts range from $44.00 to $85.00. On average, they predict the company's stock price to reach $59.50 in the next twelve months. This suggests a possible upside of 226.9% from the stock's current price.
View analysts price targets for CUBI or view top-rated stocks among Wall Street analysts.
How have CUBI shares performed in 2023?: Customers Bancorp's stock was trading at $28.34 at the beginning of 2023. Since then, CUBI stock has decreased by 35.8% and is now trading at $18.20.
View the best growth stocks for 2023 here.
When is Customers Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CUBI earnings forecast.
How were Customers Bancorp's earnings last quarter?: Customers Bancorp, Inc. (NYSE:CUBI) issued its quarterly earnings results on Wednesday, January, 25th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.66 by $0.47. The bank earned $142.48 million during the quarter, compared to the consensus estimate of $169.85 million. Customers Bancorp had a trailing twelve-month return on equity of 21.40% and a net margin of 24.85%.
What ETFs hold Customers Bancorp's stock?: ETFs with the largest weight of Customers Bancorp (NYSE:CUBI) stock in their portfolio include Horizon Kinetics Blockchain Development ETF (BCDF), Amplify Transformational Data Sharing ETF (BLOK), Siren Nasdaq NexGen Economy ETF (BLCN), Schwab Crypto Thematic ETF (STCE), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P Regional Banking ETF (KRE), First Trust Small Cap Core AlphaDEX Fund (FYX) and Direxion Daily Regional Banks Bull 3x Shares (DPST).
What guidance has Customers Bancorp issued on next quarter's earnings?: 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 earnings per share estimate of $6.07. The company issued revenue guidance of -.
What is Jay S. Sidhu's approval rating as Customers Bancorp's CEO?: 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.

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), Biogen (BIIB), Genocea Biosciences (GNCA), Pfizer (PFE), Primo Water (PRMW), Visa (V), AbbVie (ABBV), Enbridge (ENB), Infinera (INFN) and Pentair (PNR).
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 a variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.35%), Geode Capital Management LLC (1.84%), Aristotle Capital Boston LLC (1.78%), Emerald Advisers LLC (1.74%), JPMorgan Chase & Co. (1.67%) and Thrivent Financial for Lutherans (1.59%). Insiders that own company stock include Andrew Hertz Bowman, Bernard Bennett Banks, Carla A Leibold, Daniel K Rothermel, Glenn Hedde, James T Collins, Jay S Sidhu, Lyle Cunningham, Richard A Ehst, Richard A Ehst, Rick Burkey, Samvir S Sidhu, Steven Issa and T Lawrence Way.
View institutional ownership trends.
How do I buy shares of Customers Bancorp?: 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.
Compare Top Brokerages Here.
What is Customers Bancorp's stock price today?: One share of CUBI stock can currently be purchased for approximately $18.20.
How much money does Customers Bancorp make?: Customers Bancorp (NYSE:CUBI) has a market capitalization of $575.12 million 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.
How many employees does Customers Bancorp have?: The company employs 665 workers across the globe.
How can I contact Customers Bancorp?: 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.

This page (NYSE:CUBI) was last updated on 3/23/2023 by MarketBeat.com Staff

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Customers Bancorp - CUBI Stock Forecast, Price & News

Customers Bancorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Customers Bancorp (NYSE:CUBI) Stock

CUBI Stock News Headlines

CUBI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CUBI Stock - Frequently Asked Questions

Overall MarketRank^™