Customers Bancorp (CUBI) Receiving Somewhat Favorable News Coverage, Report Finds
News articles about Customers Bancorp (NYSE:CUBI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.05627032956 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Customers Bancorp, Inc (CUBI) to Post Q1 2018 Earnings of $0.71 Per Share, Boenning Scattergood Forecasts (americanbankingnews.com)
- Customers Bancorp, Inc. :CUBI-US: Earnings Analysis: Q3, 2017 By the Numbers : December 18, 2017 (finance.yahoo.com)
- $80.22 Million in Sales Expected for Customers Bancorp, Inc (CUBI) This Quarter (americanbankingnews.com)
- Zacks: Analysts Expect Customers Bancorp, Inc (CUBI) to Announce $0.52 EPS (americanbankingnews.com)
Several equities analysts have weighed in on CUBI shares. Maxim Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Customers Bancorp in a research note on Thursday, October 26th. Boenning Scattergood cut Customers Bancorp from an “outperform” rating to a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub cut Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, TheStreet lowered Customers Bancorp from a “b” rating to a “c+” rating in a 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’s stock. The stock has an average rating of “Hold” and an average target price of $39.25.
Shares of Customers Bancorp (NYSE:CUBI) opened at $26.57 on Friday. Customers Bancorp has a 1-year low of $24.75 and a 1-year high of $36.93. The company has a quick ratio of 0.91, a current ratio of 1.17 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $820.98, a P/E ratio of 13.77 and a beta of 0.61.
Customers Bancorp (NYSE:CUBI) last posted its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.09). Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. The company had revenue of $86.05 million during the quarter, compared to analyst estimates of $80.32 million. During the same quarter last year, the firm posted $0.64 earnings per share. analysts predict that Customers Bancorp will post 2.47 earnings per share for the current year.
In other news, Director Rick Burkey sold 1,129 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $26.74, for a total transaction of $30,189.46. Following the sale, the director now directly owns 40,919 shares in the company, valued at $1,094,174.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Richard A. Ehst sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were 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. Over the last quarter, insiders have sold 60,129 shares of company stock valued at $1,603,489. Corporate insiders own 8.67% of the company’s stock.
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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