Customers Bancorp Inc (NYSE:CUBI) – Analysts at B. Riley cut their Q2 2019 EPS estimates for shares of Customers Bancorp in a research report issued on Tuesday, May 14th. B. Riley analyst S. Moss now expects that the bank will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.62. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Customers Bancorp’s FY2019 earnings at $2.14 EPS and Q3 2020 earnings at $0.79 EPS.

A number of other analysts also recently issued reports on the stock. TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b-” rating in a report on Monday, May 6th. ValuEngine upgraded shares of Customers Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Customers Bancorp in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.95.

Shares of CUBI stock opened at $20.70 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $650.64 million, a PE ratio of 8.52, a PEG ratio of 0.93 and a beta of 0.94. Customers Bancorp has a one year low of $16.72 and a one year high of $32.34.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Wednesday, April 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $79.02 million for the quarter, compared to analysts’ expectations of $82.68 million. Customers Bancorp had a net margin of 13.13% and a return on equity of 10.90%. During the same quarter last year, the company posted $0.64 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in shares of Customers Bancorp during the 4th quarter valued at about $194,000. Principal Financial Group Inc. increased its stake in shares of Customers Bancorp by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 236,547 shares of the bank’s stock valued at $4,305,000 after acquiring an additional 1,289 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Customers Bancorp by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 1,750,099 shares of the bank’s stock valued at $41,180,000 after acquiring an additional 22,159 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Customers Bancorp by 10.6% during the 4th quarter. Prudential Financial Inc. now owns 661,610 shares of the bank’s stock valued at $12,041,000 after acquiring an additional 63,435 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Customers Bancorp by 20.4% during the 4th quarter. Rhumbline Advisers now owns 83,887 shares of the bank’s stock valued at $1,527,000 after acquiring an additional 14,198 shares during the last quarter. 79.58% of the stock is owned by institutional investors.

In other Customers Bancorp news, insider Glenn Hedde sold 1,276 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $21.65, for a total value of $27,625.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Steven Issa sold 6,926 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.48, for a total transaction of $141,844.48. The disclosure for this sale can be found here. Insiders sold a total of 16,004 shares of company stock worth $337,759 over the last ninety days. Corporate insiders own 9.54% of the company’s stock.

Customers Bancorp Company Profile

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 operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, and individual retirement accounts, as well as certificates of deposit.

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Earnings History and Estimates for Customers Bancorp (NYSE:CUBI)

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