Customers Bancorp - CUBI Stock Forecast, Price & News

Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans. It also offers traditional banking activities, including mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay, cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Harrisburg, Pennsylvania; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; Chicago, Illinois; Dallas, Texas; Orlando, Florida; and Wilmington, North Carolina. Customers Bancorp, Inc. was founded in 1994 and is headquartered in West Reading, Pennsylvania.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Maxim Group reiterated a "buy" rating and set a $85.00 price objective on shares of Customers Bancorp in a research report on Friday, April 29th. Jefferies Financial Group decreased their price objective on shares of Customers Bancorp from $63.00 to $48.00 in a research report on Monday, July 11th. DA Davidson reissued a "neutral" rating on shares of Customers Bancorp in a research note on Wednesday, July 27th. B. Riley cut their target price on shares of Customers Bancorp from $90.00 to $85.00 in a research note on Monday, July 11th. Finally, Stephens cut their target price on shares of Customers Bancorp from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Customers Bancorp has an average rating of "Moderate Buy" and an average price target of $69.57.

Customers Bancorp Stock Up 0.3 %

Customers Bancorp stock opened at $39.38 on Friday. Customers Bancorp has a 1-year low of $32.19 and a 1-year high of $76.13. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.95 and a beta of 1.60. The firm's fifty day moving average price is $36.32 and its two-hundred day moving average price is $45.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.67.

Customers Bancorp (NYSE:CUBI - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The bank reported $1.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.76 by ($0.08). Customers Bancorp had a net margin of 38.56% and a return on equity of 29.54%. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, equities research analysts predict that Customers Bancorp will post 7.38 earnings per share for the current fiscal year.