News coverage about Customers Bancorp (NYSE:CUBI) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Customers Bancorp earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.6148701921501 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts have commented on the company. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Customers Bancorp in a report on Thursday, October 26th. BidaskClub raised Customers Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Boenning Scattergood cut Customers Bancorp from an “outperform” rating to a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, TheStreet cut Customers Bancorp from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $40.50.
Shares of Customers Bancorp (NYSE CUBI) traded up $0.21 during trading on Friday, hitting $26.76. The company’s stock had a trading volume of 158,427 shares, compared to its average volume of 209,542. Customers Bancorp has a fifty-two week low of $24.75 and a fifty-two week high of $36.93. The firm has a market capitalization of $816.67, a PE ratio of 9.24 and a beta of 0.65. The company has a quick ratio of 0.91, a current ratio of 1.17 and a debt-to-equity ratio of 2.27.
Customers Bancorp (NYSE:CUBI) last announced its earnings results on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). Customers Bancorp had a net margin of 19.75% and a return on equity of 15.38%. The firm had revenue of $86.05 million for the quarter, compared to analyst estimates of $80.32 million. During the same period in the previous year, the company earned $0.64 EPS. equities analysts forecast that Customers Bancorp will post 2.47 EPS for the current fiscal year.
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About Customers Bancorp
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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