Customers Bancorp (NYSE:CUBI) Receives Daily Media Impact Score of 0.20
Headlines about Customers Bancorp (NYSE:CUBI) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Customers Bancorp earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.6185086392024 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Customers Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : CUBI-US : August 11, 2017 (finance.yahoo.com)
- Customers Bancorp, Inc (CUBI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Customers Bancorp, Inc. :CUBI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017 (finance.yahoo.com)
CUBI has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 target price on shares of Customers Bancorp in a report on Thursday, April 27th. Maxim Group restated a “buy” rating and issued a $50.00 price target on shares of Customers Bancorp in a research note on Thursday, April 27th. TheStreet upgraded Customers Bancorp from a “c+” rating to a “b” rating in a research note on Wednesday, May 17th. Zacks Investment Research downgraded Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, BidaskClub downgraded Customers Bancorp from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.50.
Customers Bancorp (NYSE CUBI) opened at 27.98 on Friday. Customers Bancorp has a 1-year low of $24.37 and a 1-year high of $36.93. The firm has a 50-day moving average price of $28.62 and a 200 day moving average price of $30.78. The company has a market capitalization of $859.83 million, a P/E ratio of 11.44 and a beta of 0.63.
Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.16. The business had revenue of $68.62 million during the quarter, compared to analysts’ expectations of $67.14 million. Customers Bancorp had a return on equity of 15.93% and a net margin of 22.81%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. On average, equities analysts predict that Customers Bancorp will post $2.65 EPS for the current year.
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).
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