Equities analysts predict that Customers Bancorp Inc (NYSE:CUBI) will report $0.59 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Customers Bancorp’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.75. Customers Bancorp reported earnings per share of $0.55 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The business is scheduled to announce its next earnings results on Wednesday, January 23rd.

On average, analysts expect that Customers Bancorp will report full-year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.62. For the next year, analysts forecast that the firm will report earnings of $2.15 per share, with EPS estimates ranging from $2.07 to $2.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Customers Bancorp.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings results on Thursday, October 25th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.03). The company had revenue of $66.09 million during the quarter, compared to the consensus estimate of $64.64 million. Customers Bancorp had a net margin of 16.01% and a return on equity of 13.10%.

CUBI has been the subject of several recent research reports. Maxim Group cut their price target on Customers Bancorp to $38.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. They noted that the move was a valuation call. Boenning Scattergood upgraded Customers Bancorp from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, October 26th. Sandler O’Neill upgraded Customers Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, October 15th. Zacks Investment Research upgraded Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, B. Riley cut Customers Bancorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $29.00 to $23.00 in a research note on Thursday, November 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its stake in Customers Bancorp by 44.8% during the second quarter. Riverhead Capital Management LLC now owns 6,784 shares of the bank’s stock worth $192,000 after purchasing an additional 2,100 shares during the last quarter. Strs Ohio lifted its stake in Customers Bancorp by 7.9% during the second quarter. Strs Ohio now owns 30,100 shares of the bank’s stock worth $854,000 after purchasing an additional 2,200 shares during the last quarter. Tyers Asset Management LLC lifted its stake in Customers Bancorp by 44.6% during the second quarter. Tyers Asset Management LLC now owns 7,448 shares of the bank’s stock worth $211,000 after purchasing an additional 2,296 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Customers Bancorp by 44.6% during the second quarter. Flinton Capital Management LLC now owns 9,044 shares of the bank’s stock worth $257,000 after purchasing an additional 2,788 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its stake in Customers Bancorp by 1.1% during the third quarter. Kornitzer Capital Management Inc. KS now owns 266,220 shares of the bank’s stock worth $6,264,000 after purchasing an additional 2,860 shares during the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.

Shares of CUBI stock opened at $18.14 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $571.01 million, a P/E ratio of 7.36, a P/E/G ratio of 0.71 and a beta of 0.82. Customers Bancorp has a 1 year low of $17.59 and a 1 year high of $32.34.

About Customers Bancorp

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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