Somewhat Favorable News Coverage Somewhat Unlikely to Affect Customers Bancorp (CUBI) Share Price

Media stories about Customers Bancorp (NYSE:CUBI) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Customers Bancorp earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 44.2891250095785 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Several research analysts have issued reports on the company. Sandler O’Neill reaffirmed a “hold” rating and issued a $31.50 price target on shares of Customers Bancorp in a report on Monday, March 26th. Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. DA Davidson assumed coverage on Customers Bancorp in a report on Wednesday, February 14th. They issued a “neutral” rating and a $33.00 price target on the stock. Maxim Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Customers Bancorp in a report on Friday, January 26th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Customers Bancorp in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Customers Bancorp has an average rating of “Hold” and a consensus target price of $37.42.

Shares of NYSE:CUBI opened at $29.10 on Thursday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.96 and a current ratio of 1.23. Customers Bancorp has a 12-month low of $24.75 and a 12-month high of $33.85. The firm has a market cap of $918.97, a price-to-earnings ratio of 13.23, a PEG ratio of 1.08 and a beta of 0.80.

Customers Bancorp (NYSE:CUBI) last announced its earnings results on Wednesday, January 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.07). Customers Bancorp had a net margin of 18.64% and a return on equity of 14.11%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.02 million. During the same period last year, the firm earned $0.62 earnings per share. Customers Bancorp’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts forecast that Customers Bancorp will post 2.7 earnings per share for the current fiscal year.

In other Customers Bancorp news, insider Glenn Hedde sold 1,232 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $29.68, for a total transaction of $36,565.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 2,236 shares of company stock worth $66,951. Company insiders own 8.67% of the company’s stock.

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Customers Bancorp Company Profile

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).

Insider Buying and Selling by Quarter for Customers Bancorp (NYSE:CUBI)

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