Somewhat Positive Press Coverage Somewhat Unlikely to Affect Customers Bancorp (CUBI) Share Price

Media stories about Customers Bancorp (NYSE:CUBI) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Customers Bancorp earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.386667029819 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of equities research analysts have recently issued reports on the company. BidaskClub cut Customers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research upgraded Customers Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, July 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 price objective on shares of Customers Bancorp in a report on Friday, June 30th. TheStreet upgraded Customers Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, May 17th. Finally, Maxim Group restated a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Customers Bancorp currently has an average rating of “Hold” and a consensus target price of $39.50.

Shares of Customers Bancorp (NYSE CUBI) traded up 0.58% during midday trading on Friday, hitting $27.82. The stock had a trading volume of 141,226 shares. The company has a market cap of $854.91 million, a price-to-earnings ratio of 11.38 and a beta of 0.63. Customers Bancorp has a 52 week low of $24.37 and a 52 week high of $36.93. The stock’s 50-day moving average price is $28.66 and its 200 day moving average price is $30.55.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.16. Customers Bancorp had a net margin of 22.81% and a return on equity of 15.93%. The company had revenue of $68.62 million during the quarter, compared to the consensus estimate of $67.14 million. During the same period in the previous year, the firm posted $0.67 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Customers Bancorp will post $2.65 earnings per share for the current year.

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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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