Analysts Anticipate Customers Bancorp Inc (NYSE:CUBI) to Announce $0.68 EPS

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Equities research analysts predict that Customers Bancorp Inc (NYSE:CUBI) will post earnings per share of $0.68 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Customers Bancorp’s earnings, with estimates ranging from $0.60 to $0.74. Customers Bancorp posted earnings of $0.38 per share in the same quarter last year, which would indicate a positive year over year growth rate of 78.9%. The firm is expected to report its next quarterly earnings report on Wednesday, April 22nd.

On average, analysts expect that Customers Bancorp will report full year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.10. For the next year, analysts anticipate that the business will post earnings of $3.25 per share, with EPS estimates ranging from $2.98 to $3.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Customers Bancorp.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). Customers Bancorp had a net margin of 14.56% and a return on equity of 10.53%. The firm had revenue of $103.41 million for the quarter, compared to analysts’ expectations of $93.76 million.

CUBI has been the topic of a number of recent research reports. Maxim Group reaffirmed a “buy” rating and set a $38.00 price target on shares of Customers Bancorp in a research report on Tuesday, January 28th. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Customers Bancorp in a research report on Tuesday, February 4th. TheStreet raised Customers Bancorp from a “c” rating to a “b-” rating in a research report on Friday, November 1st. Zacks Investment Research raised Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, ValuEngine raised Customers Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Customers Bancorp has a consensus rating of “Hold” and a consensus target price of $32.00.

Shares of NYSE CUBI traded down $0.05 during trading on Friday, reaching $22.19. 84,438 shares of the stock traded hands, compared to its average volume of 152,529. Customers Bancorp has a 52-week low of $17.35 and a 52-week high of $25.72. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.09 and a quick ratio of 1.04. The company has a 50-day moving average of $22.43 and a 200-day moving average of $21.90. The stock has a market capitalization of $686.23 million, a P/E ratio of 10.82 and a beta of 1.13.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in shares of Customers Bancorp by 4.5% during the 4th quarter. State Street Corp now owns 995,140 shares of the bank’s stock valued at $23,694,000 after purchasing an additional 43,276 shares during the last quarter. Matthew 25 Management Corp lifted its stake in shares of Customers Bancorp by 9.1% in the 4th quarter. Matthew 25 Management Corp now owns 632,500 shares of the bank’s stock valued at $15,060,000 after purchasing an additional 52,500 shares during the period. Geode Capital Management LLC lifted its stake in shares of Customers Bancorp by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 389,053 shares of the bank’s stock valued at $9,263,000 after purchasing an additional 11,892 shares during the period. AJO LP lifted its stake in shares of Customers Bancorp by 422.3% in the 4th quarter. AJO LP now owns 319,065 shares of the bank’s stock valued at $7,596,000 after purchasing an additional 257,973 shares during the period. Finally, Tieton Capital Management LLC lifted its stake in shares of Customers Bancorp by 5.0% in the 4th quarter. Tieton Capital Management LLC now owns 297,843 shares of the bank’s stock valued at $7,092,000 after purchasing an additional 14,194 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

About Customers Bancorp

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 and Estimates for Customers Bancorp (NYSE:CUBI)

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