Customers Bancorp Inc (NYSE:CUBI) – B. Riley issued their FY2018 earnings per share (EPS) estimates for Customers Bancorp in a research report issued to clients and investors on Tuesday, June 19th. B. Riley analyst S. Moss expects that the bank will earn $2.81 per share for the year.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Monday, April 30th. The bank reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $65.03 million for the quarter, compared to the consensus estimate of $65.38 million. Customers Bancorp had a net margin of 17.07% and a return on equity of 13.51%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share.
A number of other equities research analysts have also recently issued reports on the stock. Sandler O’Neill reissued a “hold” rating and issued a $31.50 target price on shares of Customers Bancorp in a research report on Monday, March 26th. Maxim Group reissued a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a research report on Tuesday, May 1st. Finally, ValuEngine cut shares of Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.42.
Shares of Customers Bancorp opened at $31.63 on Thursday, MarketBeat.com reports. The stock has a market capitalization of $973.29 million, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. Customers Bancorp has a 52-week low of $24.75 and a 52-week high of $33.85. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.21 and a quick ratio of 0.95.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in Customers Bancorp by 10.9% during the first quarter. Thrivent Financial for Lutherans now owns 19,844 shares of the bank’s stock worth $578,000 after purchasing an additional 1,951 shares during the period. Aperio Group LLC lifted its position in Customers Bancorp by 26.1% during the fourth quarter. Aperio Group LLC now owns 10,459 shares of the bank’s stock worth $272,000 after purchasing an additional 2,166 shares during the period. Legal & General Group Plc lifted its position in Customers Bancorp by 4.5% during the first quarter. Legal & General Group Plc now owns 54,787 shares of the bank’s stock worth $1,598,000 after purchasing an additional 2,373 shares during the period. Elkfork Partners LLC bought a new stake in Customers Bancorp during the fourth quarter worth about $120,000. Finally, Swiss National Bank lifted its position in Customers Bancorp by 10.2% during the fourth quarter. Swiss National Bank now owns 51,800 shares of the bank’s stock worth $1,346,000 after purchasing an additional 4,800 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.
In related news, Director T Lawrence Way sold 19,293 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $31.82, for a total transaction of $613,903.26. Following the completion of the sale, the director now owns 233,611 shares of the company’s stock, valued at $7,433,502.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven Issa sold 11,949 shares of the company’s stock in a transaction dated 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. In the last three months, insiders sold 203,035 shares of company stock valued at $6,142,525. 8.67% of the stock is currently owned by company insiders.
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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