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 accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit. Its loan products include commercial and industrial lending; small and middle market business banking, such as small business administration loans; multi-family and commercial real estate lending; and commercial loans to mortgage originators, as well as consumer lending products comprising mortgage and home equity lending. The company also 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; and Philadelphia, Pennsylvania. Customers Bancorp, Inc. was founded in 1994 and is headquartered in Wyomissing, Pennsylvania.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone610-933-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$476.95 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable
Customers Bancorp (NYSE:CUBI) Frequently Asked Questions
What is Customers Bancorp's stock symbol?
Customers Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBI."
How were Customers Bancorp's earnings last quarter?
Customers Bancorp Inc (NYSE:CUBI) announced its quarterly earnings results on Thursday, January, 24th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. The bank had revenue of $61.50 million for the quarter, compared to the consensus estimate of $64.38 million. Customers Bancorp had a return on equity of 12.82% and a net margin of 15.03%. The company's quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. View Customers Bancorp's Earnings History.
When is Customers Bancorp's next earnings date?
What price target have analysts set for CUBI?
4 analysts have issued 12 month price objectives for Customers Bancorp's shares. Their predictions range from $22.75 to $38.00. On average, they anticipate Customers Bancorp's stock price to reach $27.6875 in the next year. This suggests a possible upside of 53.3% from the stock's current price. View Analyst Price Targets for Customers Bancorp.
What is the consensus analysts' recommendation for Customers Bancorp?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Customers Bancorp in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Customers Bancorp.
What are Wall Street analysts saying about Customers Bancorp stock?
Here are some recent quotes from research analysts about Customers Bancorp stock:
- 1. According to Zacks Investment Research, "Customers Bancorp is a bank holding company of Customers Bank, a state-chartered bank in Pennsylvania. It provides banking services to small and medium-sized businesses, professionals, individuals and families. The company offers depository products, commercial lending products, specialty lending products and consumer lending. In addition, the company offers other financial services, including Internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier services, merchant processing, cash vault, controlled disbursements, and positive pay services, as well as cash management services comprising account reconciliation, collections, and sweep accounts. The bank has its branches in Pennsylvania, New York and New Jersey. Customers Bancorp is headquartered in Wyomissing, Pennsylvania. " (1/8/2019)
- 2. Maxim Group analysts commented, "In its 10-Q for 2Q18, CUBI disclosed that there has been a possible delay in the closing of the spinoff of BankMobile, which had a target date of on or about September 30." (8/14/2018)
Has Customers Bancorp been receiving favorable news coverage?
Press coverage about CUBI stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Customers Bancorp earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.
Who are some of Customers Bancorp's key competitors?
Some companies that are related to Customers Bancorp include Independent Bank Group (IBTX), Renasant (RNST), United Community Banks (UCBI), Banner (BANR), Independent Bank (INDB), Great Western Bancorp (GWB), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Eagle Bancorp (EGBN), Hilltop (HTH), Ameris Bancorp (ABCB), Pacific Premier Bancorp (PPBI), Heartland Financial USA (HTLF), S & T Bancorp (STBA) and First Busey (BUSE).
What other stocks do shareholders of Customers Bancorp own?
Who are Customers Bancorp's key executives?
Customers Bancorp's management team includes the folowing people:
- Mr. Jay S. Sidhu, Chairman & CEO (Age 67)
- Mr. Richard A. Ehst, Pres & COO (Age 72)
- 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)
- Ms. Carla A. Leibold, Exec. VP, CFO & Treasurer (Age 52)
Who are Customers Bancorp's major shareholders?
Customers Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.14%), Dimensional Fund Advisors LP (8.40%), Context BH Capital Management LP (2.19%), Prudential Financial Inc. (2.09%), Bank of New York Mellon Corp (1.22%) and Northern Trust Corp (1.19%). Company insiders that own Customers Bancorp stock include Glenn Hedde, Jay S Sidhu, Richard A Ehst, Rick Burkey, Robert E Wahlman, Steven Issa and T Lawrence Way. 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 Bank of America Corp DE, Bank of Montreal Can, Stifel Financial Corp, Mackay Shields LLC, Victory Capital Management Inc., American Century Companies Inc., Clean Yield Group and Northern Trust Corp. Company insiders that have sold Customers Bancorp company stock in the last year include Glenn Hedde, Jay S Sidhu, Richard A Ehst, Steven Issa and T Lawrence Way. View Insider Buying and Selling for Customers Bancorp.
Which major investors are buying Customers Bancorp stock?
CUBI stock was bought by a variety of institutional investors in the last quarter, including Matthew 25 Management Corp, Millennium Management LLC, BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., Prudential Financial Inc., Squarepoint Ops LLC, Citigroup Inc. and Context BH Capital Management LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Customers Bancorp's stock price today?
One share of CUBI stock can currently be purchased for approximately $18.06.
How big of a company is Customers Bancorp?
Customers Bancorp has a market capitalization of $561.30 million and generates $476.95 million in revenue each year. The bank earns $71.69 million in net income (profit) each year or $2.43 on an earnings per share basis.
What is Customers Bancorp's official website?
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]
MarketBeat Community Rating for Customers Bancorp (NYSE CUBI)
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.
