Customers Bancorp (CUBI) Earns Daily News Impact Score of 0.18
Media stories about Customers Bancorp (NYSE:CUBI) have trended somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Customers Bancorp earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 44.0342751652397 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Customers Bancorp (NYSE:CUBI) opened at $26.95 on Wednesday. Customers Bancorp has a 1 year low of $24.75 and a 1 year high of $36.93. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.17 and a quick ratio of 0.91. The company has a market capitalization of $819.14, a P/E ratio of 9.30 and a beta of 0.61.
Customers Bancorp (NYSE:CUBI) last posted its earnings results on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.09). Customers Bancorp had a net margin of 19.75% and a return on equity of 15.38%. The business had revenue of $86.05 million during the quarter, compared to analyst estimates of $80.32 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts anticipate that Customers Bancorp will post 2.47 earnings per share for the current year.
In related news, Director Rick Burkey sold 1,129 shares of Customers Bancorp stock in a transaction on Friday, December 8th. The stock was sold at an average price of $26.74, for a total value of $30,189.46. Following the transaction, the director now directly owns 40,919 shares in the company, valued at approximately $1,094,174.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Richard A. Ehst sold 9,000 shares of Customers Bancorp stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.70, for a total value of $240,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,129 shares of company stock worth $1,603,489. 8.67% of the stock is owned by insiders.
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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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