Customers Bancorp Inc (NYSE:CUBI) – Equities research analysts at B. Riley dropped their Q3 2019 earnings estimates for shares of Customers Bancorp in a report issued on Tuesday, October 16th. B. Riley analyst S. Moss now expects that the bank will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.84. B. Riley also issued estimates for Customers Bancorp’s Q4 2019 earnings at $0.66 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.66 EPS and Q3 2020 earnings at $0.75 EPS.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Wednesday, July 25th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.07. The firm had revenue of $83.45 million for the quarter, compared to the consensus estimate of $86.16 million. Customers Bancorp had a net margin of 16.24% and a return on equity of 12.75%. During the same period in the previous year, the firm earned $0.78 EPS.

A number of other equities analysts also recently issued reports on CUBI. Zacks Investment Research downgraded shares of Customers Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday. Boenning Scattergood reaffirmed a “hold” rating on shares of Customers Bancorp in a report on Wednesday. ValuEngine downgraded shares of Customers Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, August 13th. Maxim Group reaffirmed a “buy” rating and set a $46.00 price objective on shares of Customers Bancorp in a report on Tuesday, August 14th. Finally, Sandler O’Neill raised shares of Customers Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.80.

CUBI opened at $20.01 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 3.48. The firm has a market cap of $745.19 million, a price-to-earnings ratio of 9.10, a PEG ratio of 0.88 and a beta of 0.72. Customers Bancorp has a 1 year low of $19.95 and a 1 year high of $33.85.

Several large investors have recently modified their holdings of CUBI. Wells Fargo & Company MN boosted its holdings in shares of Customers Bancorp by 8.5% in the 1st quarter. Wells Fargo & Company MN now owns 158,550 shares of the bank’s stock worth $4,623,000 after buying an additional 12,401 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Customers Bancorp by 3.1% in the 1st quarter. Northern Trust Corp now owns 355,111 shares of the bank’s stock worth $10,351,000 after buying an additional 10,816 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Customers Bancorp by 2.5% in the 1st quarter. BlackRock Inc. now owns 3,860,496 shares of the bank’s stock worth $112,534,000 after buying an additional 92,831 shares during the last quarter. California Public Employees Retirement System purchased a new position in shares of Customers Bancorp in the 1st quarter worth about $372,000. Finally, Sei Investments Co. boosted its holdings in shares of Customers Bancorp by 113.2% in the 1st quarter. Sei Investments Co. now owns 115,806 shares of the bank’s stock worth $3,376,000 after buying an additional 61,484 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.

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 accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit.

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

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