Somewhat Positive Press Coverage Somewhat Unlikely to Affect Customers Bancorp (CUBI) Share Price
Headlines about Customers Bancorp (NYSE:CUBI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Customers Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.1531849848103 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Customers Bancorp (NYSE:CUBI) opened at $26.08 on Thursday. The firm has a market cap of $811.43, a PE ratio of 12.72 and a beta of 0.61. Customers Bancorp has a 52-week low of $24.75 and a 52-week high of $36.93. 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 (NYSE:CUBI) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The business 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 quarter in the previous year, the firm posted $0.64 earnings per share.
Several brokerages have recently issued reports on CUBI. Maxim Group reiterated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a research report on Thursday, October 26th. Boenning Scattergood lowered shares of Customers Bancorp from an “outperform” rating to a “neutral” rating in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, TheStreet lowered shares of Customers Bancorp from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Customers Bancorp presently has a consensus rating of “Hold” and a consensus price target of $39.25.
In other Customers Bancorp news, COO Richard A. Ehst sold 9,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $26.70, for a total value of $240,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rick Burkey sold 1,129 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $26.74, for a total transaction of $30,189.46. Following the completion of the transaction, the director now owns 40,919 shares in the company, valued at $1,094,174.06. The disclosure for this sale can be found here. Insiders have sold 60,129 shares of company stock worth $1,603,489 over the last 90 days. 8.67% of the stock is currently owned by company insiders.
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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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