Customers Bancorp (CUBI) Scheduled to Post Earnings on Wednesday

Customers Bancorp (NYSE:CUBI) is set to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Customers Bancorp to post earnings of $0.73 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Wednesday, July 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Customers Bancorp had a return on equity of 9.54% and a net margin of 10.13%. The business had revenue of $64.68 million during the quarter, compared to analyst estimates of $64.51 million. During the same quarter last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts expect Customers Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CUBI stock opened at $20.89 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.12 and a current ratio of 1.12. Customers Bancorp has a 1 year low of $16.72 and a 1 year high of $23.16. The firm has a market cap of $652.37 million, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The stock has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $20.33.

A number of research firms have recently issued reports on CUBI. Zacks Investment Research lowered Customers Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Maxim Group reiterated a “buy” rating and issued a $38.00 target price on shares of Customers Bancorp in a research note on Wednesday, July 10th. Finally, Sandler O’Neill lowered Customers Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.19.

In other news, insider James T. Collins sold 5,500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $20.61, for a total value of $113,355.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.54% 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 operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, and individual retirement accounts, as well as certificates of deposit.

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Earnings History for Customers Bancorp (NYSE:CUBI)

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