NYSE:CUBI

Customers Bancorp - CUBI Stock Forecast, Price & News

$31.59

-0.17 (-0.54%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $31.36
▼
$31.86
50-Day Range: $29.48
▼
$34.67
52-Week Range: $29.21
▼
$76.13

Volume: 120,589 shs
Average Volume: 245,089 shs
Market Capitalization: $1.03 billion

P/E Ratio: 3.68
Dividend Yield: N/A
Price Target: $59.50

Customers Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 88.4% Upside
$59.50 Price Target
Short Interest: Bearish
5.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.20
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -26.68%
From $7.76 to $5.69 Per Share

Overall MarketRank^™

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

2.11 out of 5 stars

Finance Sector

649th out of 891 stocks

State Commercial Banks Industry

145th out of 187 stocks

3.4

Analyst's Opinion

Consensus Rating
Customers Bancorp has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 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 88.4% from its current price of $31.59.
Amount of Analyst Coverage
Customers Bancorp has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.02% 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 5.2.
Change versus previous month
Short interest in Customers Bancorp has recently increased by 2.01%, 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.

2.3

News and Social Media Coverage

News Sentiment
Customers Bancorp has a news sentiment score of 0.20. 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 is a lower news sentiment than the 0.40 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Customers Bancorp this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for CUBI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Customers Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.75% of the stock of Customers Bancorp is held by insiders.
Percentage Held by Institutions
86.12% 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 -26.68% in the coming year, from $7.76 to $5.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Customers Bancorp is 3.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Customers Bancorp is 3.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 174.67.
Price to Book Value per Share Ratio
Customers Bancorp has a P/B Ratio of 0.82. 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

December 3, 2022 | americanbankingnews.com

Customers Bancorp, Inc. (NYSE:CUBI) Given Consensus Rating of "Moderate Buy" by Analysts

November 28, 2022 | bizjournals.com

Small Deposits: NewSpring Holdings completes first portfolio exit with $590M deal; bank M&A down 13%

November 25, 2022 | americanbankingnews.com

Customers Bancorp (NYSE:CUBI) PT Set at $45.00 by Stephens

November 22, 2022 | finance.yahoo.com

Investors in Customers Bancorp (NYSE:CUBI) have unfortunately lost 45% over the last year

November 4, 2022 | finance.yahoo.com

The Market Is Sleeping on This Stock. It's Time to Buy

November 3, 2022 | seekingalpha.com

BM Technologies: The Warrants

November 1, 2022 | finance.yahoo.com

Customers Bancorp agrees to pay Kabbage $58M to settle PPP fee dispute

October 27, 2022 | seekingalpha.com

Customers Bancorp, Inc. (CUBI) Q3 2022 Earnings Call Transcript

October 26, 2022 | benzinga.com

Recap: Customers Bancorp Q3 Earnings

October 26, 2022 | finance.yahoo.com

Customers Bancorp Reports Results for Third Quarter 2022

October 25, 2022 | finance.yahoo.com

Veritex Holdings (VBTX) Q3 Earnings and Revenues Surpass Estimates

October 21, 2022 | finance.yahoo.com

CBTX (STEL) Earnings Expected to Grow: Should You Buy?

October 19, 2022 | finance.yahoo.com

Earnings Preview: Customers Bancorp (CUBI) Q3 Earnings Expected to Decline

October 18, 2022 | finance.yahoo.com

Customers Bancorp, Inc. (CUBI-PF)

October 11, 2022 | finance.yahoo.com

Customers Bancorp, Inc. to Host Third Quarter Earnings Webcast on October 27, 2022

October 3, 2022 | finance.yahoo.com

Tassat® successfully completes launch of The Digital Interbank Network™

September 28, 2022 | finance.yahoo.com

Byline Bank Partners with Tassat Group To Provide Private Blockchain-Based, Real-Time Solutions to Commercial Customers

September 26, 2022 | finance.yahoo.com

Customers Bancorp, Inc. (CUBI)

September 24, 2022 | finance.yahoo.com

Veteran Technology Executive John Kispert Joins Tassat Group Board of Directors

September 13, 2022 | nasdaq.com

Customers Bancorp's (NYSE:CUBI) investors will be pleased with their respectable 77% return over the last three years

August 25, 2022 | finance.yahoo.com

Former Consumer Financial Protection Bureau Regulator Joins Board at Customers Bancorp

August 24, 2022 | fool.com

Customers Bancorp (NYSE: CUBI)

August 21, 2022 | marketwatch.com

Customers Bancor Shares Down 31.1% Since SmarTrend's Sell Call (CUBI)

August 17, 2022 | seekingalpha.com

BM Technologies: FinTech Valued At P/FCF Of 2.97 With Multiple Major Catalysts This Year

August 13, 2022 | marketwatch.com

Customers Bancor Down 33.2% Since SmarTrend Downtrend Call (CUBI)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CUBI Company Calendar

Last Earnings: 10/26/2022
Today: 12/04/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/23/2023

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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: +88.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.58
Trailing P/E Ratio: 3.68
Forward P/E Ratio: 4.07
P/E Growth: N/A
Net Income: $314.65 million
Net Margins: 34.42%
Pretax Margin: 42.53%
Return on Equity: 26.39%
Return on Assets: 1.64%

Debt

Debt-to-Equity Ratio: 0.55
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $858.75 million
Price / Sales: 1.20
Cash Flow: $4.91 per share
Price / Cash Flow: 6.44
Book Value: $38.42 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: 32,510,000
Free Float: 30,320,000
Market Cap: $1.03 billion
Optionable: Optionable
Beta: 1.59

Key Executives

Mr. Jay S. Sidhu (Age 70)
Founder, Chairman & CEO
Comp: $2.01M

Mr. Samvir S. Sidhu
Pres & Vice Chairman

Ms. Carla A. Leibold (Age 55)
Exec. VP & CFO
Comp: $843.82k

Mr. Andrew Hertz Bowman (Age 54)
Sr. EVP, Chief Credit Officer
Comp: $362.92k

Mr. Lyle P. Cunningham (Age 58)
Exec. VP & Chief Lending Officer
Comp: $465.5k

Mr. Jessie John Deano Velasquez (Age 43)
Exec. VP & Chief Accounting Officer

Mr. Andrew B. Sachs Esq.
Exec. VP, Gen. Counsel & Corp. Sec.

Mr. David W. Patti
Director of Communications

Mr. Robert Fischer
Sr. VP, Relationship Mang. and Member of the Lending Team

Mr. Timothy D. Romig
Regional Chief Lending Officer

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?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating and 5 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?: 6 analysts have issued 1 year price targets for Customers Bancorp's shares. Their CUBI share price forecasts range from $44.00 to $85.00. On average, they predict the company's share price to reach $59.50 in the next twelve months. This suggests a possible upside of 88.4% 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 2022?: Customers Bancorp's stock was trading at $65.37 at the beginning of the year. Since then, CUBI stock has decreased by 51.7% and is now trading at $31.59.
View the best growth stocks for 2022 here.
Are investors shorting Customers Bancorp?: Customers Bancorp saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 1,490,000 shares, a decline of 7.5% from the October 15th total of 1,610,000 shares. Based on an average trading volume of 284,300 shares, the short-interest ratio is currently 5.2 days. Approximately 4.9% of the shares of the stock are short sold.
View Customers Bancorp's Short Interest.
When is Customers Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our CUBI earnings forecast.
How were Customers Bancorp's earnings last quarter?: Customers Bancorp, Inc. (NYSE:CUBI) posted its quarterly earnings results on Wednesday, October, 26th. The bank reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.25. The bank had revenue of $150.02 million for the quarter, compared to the consensus estimate of $176.53 million. Customers Bancorp had a trailing twelve-month return on equity of 26.39% and a net margin of 34.42%.
What guidance has Customers Bancorp issued on next quarter's earnings?: Customers Bancorp updated its FY 2023 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $6.00- for the period, compared to the consensus estimate of $5.90. 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.86%), Dimensional Fund Advisors LP (7.21%), Vanguard Group Inc. (6.38%), State Street Corp (4.94%), Victory Capital Management Inc. (3.00%) and Thrivent Financial for Lutherans (2.24%). Insiders that own company stock include Andrew Hertz Bowman, Bernard Bennett Banks, Carla A Leibold, Glenn Hedde, James T Collins, Jay S Sidhu, Lyle Cunningham, Richard A Ehst, Richard A Ehst, Rick Burkey, Samvir S Sidhu, Steven Issa, T Lawrence Way and Thomas John Jastrem.
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 $31.59.
How much money does Customers Bancorp make?: Customers Bancorp (NYSE:CUBI) has a market capitalization of $1.03 billion and generates $858.75 million in revenue each year. The bank earns $314.65 million in net income (profit) each year or $8.58 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 12/4/2022 by MarketBeat.com Staff

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