Customers Bancorp (CUBI) Getting Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Customers Bancorp (NYSE:CUBI) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Customers Bancorp earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.2212636702845 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts recently issued reports on CUBI shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 target price on shares of Customers Bancorp in a report on Friday, June 30th. Zacks Investment Research downgraded shares of Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub downgraded shares of Customers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Maxim Group restated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a report on Thursday, April 27th. Finally, TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.50.
Shares of Customers Bancorp (CUBI) opened at 27.82 on Friday. Customers Bancorp has a 12-month low of $24.37 and a 12-month high of $36.93. The stock has a market capitalization of $854.91 million, a P/E ratio of 11.38 and a beta of 0.63. The company has a 50-day moving average of $28.66 and a 200-day moving average of $30.55.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Customers Bancorp had a return on equity of 15.93% and a net margin of 22.81%. The firm had revenue of $68.62 million for the quarter, compared to the consensus estimate of $67.14 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Customers Bancorp will post $2.65 earnings per share 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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