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NYSE:CUBI

Customers Bancorp Stock Forecast, Price & News

$10.57
-0.28 (-2.58 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$10.54
Now: $10.57▼
$11.35
50-Day Range
$10.85
MA: $12.52▼
$13.57
52-Week Range
$8.36
Now: $10.57▼
$25.72
Volume172,054 shs
Average Volume155,293 shs
Market Capitalization$332.85 million
P/E Ratio4.56
Dividend YieldN/A
Beta1.51
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.77 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 Ratio1.30
Current Ratio1.42
Quick Ratio1.38

Price-To-Earnings

Trailing P/E Ratio4.56
Forward P/E Ratio3.52
P/E GrowthN/A

Sales & Book Value

Annual Sales$544.68 million
Price / Sales0.61
Cash Flow$3.43 per share
Price / Cash Flow3.08
Book Value$26.67 per share
Price / Book0.40

Profitability

EPS (Most Recent Fiscal Year)$2.25
Net Income$79.33 million
Net Margins14.19%
Return on Equity10.77%
Return on Assets0.64%

Miscellaneous

Employees827
Outstanding Shares31,490,000
Market Cap$332.85 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$10.57
-0.28 (-2.58 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Customers Bancorp (NYSE:CUBI) Frequently Asked Questions

How has Customers Bancorp's stock price been impacted by COVID-19?

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. Since then, CUBI shares have decreased by 30.0% and is now trading at $10.57.
View which stocks have been most impacted by COVID-19.

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

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.

When is Customers Bancorp's next earnings date?

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

How were Customers Bancorp's earnings last quarter?

Customers Bancorp Inc (NYSE:CUBI) released its earnings results on Thursday, July, 30th. The bank reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.17. The bank had revenue of $114.22 million for the quarter, compared to analyst estimates of $108.09 million. Customers Bancorp had a net margin of 14.19% and a return on equity of 10.77%.
View Customers Bancorp's earnings history.

What guidance has Customers Bancorp issued on next quarter's earnings?

Customers Bancorp updated its FY20 earnings guidance on Tuesday, September, 15th. The company provided earnings per share guidance of $3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.53.

What price target have analysts set for CUBI?

2 equities research analysts have issued 12-month price objectives for Customers Bancorp's shares. 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 93.9% from the stock's current price.
View analysts' price targets for Customers Bancorp.

Who are some of Customers Bancorp's key competitors?

Some companies that are related to Customers Bancorp include Renasant (RNST), TowneBank (TOWN), Banner (BANR), First Bancorp (FBP), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Live Oak Bancshares (LOB), Seacoast Banking Co. of Florida (SBCF), First Busey (BUSE), Oritani Financial (ORIT), Eagle Bancorp (EGBN), Veritex (VBTX), Southside Bancshares (SBSI), Stock Yards Bancorp (SYBT) and FB Financial (FBK).
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 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).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.18%), Prudential Financial Inc. (3.00%), BHZ Capital Management LP (2.29%), Nuveen Asset Management LLC (2.01%), LSV Asset Management (1.59%) and Nordea Investment Management AB (1.29%). 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.

Which major investors are selling Customers Bancorp stock?

CUBI stock was sold by a variety of institutional investors in the last quarter, including Third Avenue Management LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Bank of America Corp DE, ClariVest Asset Management LLC, Nisa Investment Advisors LLC, Eqis Capital Management Inc., and Lincoln Capital Corp. 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.

Which major investors are buying Customers Bancorp stock?

CUBI stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Nordea Investment Management AB, Nuveen Asset Management LLC, BHZ Capital Management LP, Russell Investments Group Ltd., WINTON GROUP Ltd, Foundry Partners LLC, and Sei Investments Co..
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 $10.57.

How big of a company is Customers Bancorp?

Customers Bancorp has a market capitalization of $332.85 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 701 Reading Avenue, West Reading PA, 19611. The bank can be reached via phone at 610-933-2000 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff
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