Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Customers Bancorp (CUBI) Share Price
News coverage about Customers Bancorp (NYSE:CUBI) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Customers Bancorp earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.134320570353 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CUBI has been the subject of a number of recent analyst reports. BidaskClub cut Customers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Boenning Scattergood cut Customers Bancorp from an “outperform” rating to a “neutral” rating in a report on Friday, October 20th. Finally, Maxim Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Customers Bancorp in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.50.
Customers Bancorp (NYSE:CUBI) opened at $26.74 on Friday. The company has a market capitalization of $824.37, a price-to-earnings ratio of 9.36 and a beta of 0.61. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.17 and a quick ratio of 0.91. Customers Bancorp has a 12-month low of $24.75 and a 12-month high of $36.93.
Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). The firm had revenue of $86.05 million during the quarter, compared to the consensus estimate of $80.32 million. Customers Bancorp had a net margin of 19.75% and a return on equity of 15.38%. During the same quarter in the previous year, the business posted $0.64 earnings per share. equities research analysts predict that Customers Bancorp will post 2.47 earnings per share for the current fiscal year.
In other news, CFO Robert E. Wahlman sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.66, for a total value of $1,333,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Richard A. Ehst sold 9,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.70, for a total value of $240,300.00. The disclosure for this sale can be found here. 8.67% of the stock is currently owned by company insiders.
About Customers Bancorp
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).
Receive News & Ratings for Customers Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Customers Bancorp Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.