Customers Bancorp, Inc (NYSE:CUBI) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.33.
A number of research firms have weighed in on CUBI. Maxim Group reissued a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a research note on Thursday, October 26th. Boenning Scattergood lowered Customers Bancorp from an “outperform” rating to a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research lowered Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, TheStreet lowered Customers Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th.
In related news, COO Richard A. Ehst sold 9,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $26.70, for a total transaction of $240,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert E. Wahlman sold 50,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $26.66, for a total value of $1,333,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,129 shares of company stock worth $1,603,489. Corporate insiders own 8.67% of the company’s stock.
Customers Bancorp (NYSE:CUBI) opened at $26.47 on Thursday. The firm has a market capitalization of $819.14, a price-to-earnings ratio of 9.30 and a beta of 0.61. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.91 and a current ratio of 1.17. Customers Bancorp has a 12 month low of $24.75 and a 12 month high of $36.93.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). The company had revenue of $86.05 million for the quarter, compared to analyst estimates of $80.32 million. Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. During the same period last year, the firm posted $0.64 EPS. equities analysts forecast that Customers Bancorp will post 2.47 EPS for the current fiscal year.
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Customers Bancorp Company Profile
Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County).
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