Customers Bancorp (CUBI) Getting Somewhat Positive News Coverage, Study Finds

Media stories about Customers Bancorp (NYSE:CUBI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Customers Bancorp earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.2813816776205 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Customers Bancorp (NYSE:CUBI) opened at 28.06 on Tuesday. Customers Bancorp has a one year low of $24.37 and a one year high of $36.93. The firm has a market capitalization of $862.28 million, a P/E ratio of 11.48 and a beta of 0.65. The stock’s 50 day moving average is $28.46 and its 200 day moving average is $29.78.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.16. The firm had revenue of $68.62 million for the quarter, compared to analysts’ expectations of $67.14 million. Customers Bancorp had a net margin of 38.30% and a return on equity of 15.00%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.67 EPS. On average, equities research analysts predict that Customers Bancorp will post $2.67 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Customers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price target on shares of Customers Bancorp in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Customers Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, July 31st. Finally, TheStreet upgraded shares of Customers Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Customers Bancorp has a consensus rating of “Hold” and a consensus target price of $39.50.

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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).

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