Media coverage about Customers Bancorp (NYSE:CUBI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Customers Bancorp earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 50.1697600065367 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Customers Bancorp opened at $29.86 on Friday, according to MarketBeat. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $938.47 million, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.10 and a beta of 0.81. Customers Bancorp has a 52-week low of $29.80 and a 52-week high of $29.97.
Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Monday, April 30th. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $65.38 million. Customers Bancorp had a net margin of 17.07% and a return on equity of 13.51%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. research analysts forecast that Customers Bancorp will post 2.71 EPS for the current fiscal year.
A number of research analysts recently issued reports on CUBI shares. Maxim Group reiterated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a research note on Friday, January 26th. Zacks Investment Research lowered shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Sandler O’Neill reiterated a “hold” rating and issued a $31.50 target price on shares of Customers Bancorp in a research note on Monday, March 26th. Boenning Scattergood reiterated a “hold” rating on shares of Customers Bancorp in a research note on Friday, January 26th. Finally, B. Riley reiterated a “buy” rating and issued a $41.00 target price on shares of Customers Bancorp in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.42.
In other Customers Bancorp news, insider Glenn Hedde sold 1,232 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $29.68, for a total value of $36,565.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Steven Issa sold 11,949 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $29.37, for a total transaction of $350,942.13. The disclosure for this sale can be found here. Insiders sold a total of 14,680 shares of company stock worth $432,522 over the last 90 days. Company insiders own 8.67% of the company’s stock.
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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