Customers Bancorp (CUBI) Scheduled to Post Quarterly Earnings on Tuesday

Customers Bancorp (NYSE:CUBI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.57 per share for the quarter.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.02 million. Customers Bancorp had a return on equity of 14.11% and a net margin of 18.64%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, analysts expect Customers Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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Shares of Customers Bancorp stock opened at $29.76 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.96 and a current ratio of 1.23. The company has a market cap of $926.83, a PE ratio of 13.53, a P/E/G ratio of 1.09 and a beta of 0.80. Customers Bancorp has a twelve month low of $24.75 and a twelve month high of $33.85.

In related news, insider Glenn Hedde sold 1,232 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $29.68, for a total value of $36,565.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 2,236 shares of company stock worth $66,951. 8.67% of the stock is owned by insiders.

CUBI has been the topic of a number of research reports. B. Riley reiterated a “buy” rating and set a $41.00 price target on shares of Customers Bancorp in a research report on Thursday, January 25th. DA Davidson started coverage on Customers Bancorp in a research report on Wednesday, February 14th. They issued a “neutral” rating and a $33.00 target price on the stock. Maxim Group restated a “buy” rating and issued a $50.00 target price on shares of Customers Bancorp in a research report on Friday, January 26th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Boenning Scattergood restated a “hold” rating on shares of Customers Bancorp in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.42.

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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.

Earnings History for Customers Bancorp (NYSE:CUBI)

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