Equities analysts predict that Customers Bancorp, Inc (NYSE:CUBI) will post $0.44 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Customers Bancorp’s earnings. Customers Bancorp posted earnings of $0.76 per share in the same quarter last year, which indicates a negative year over year growth rate of 42.1%. The business is scheduled to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Customers Bancorp will report full-year earnings of $2.26 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $2.77 per share, with EPS estimates ranging from $2.10 to $3.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Customers Bancorp.

Customers Bancorp (NYSE:CUBI) last posted its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.09). The business had revenue of $86.05 million during the quarter, compared to analysts’ expectations of $80.32 million. Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. During the same quarter in the previous year, the business earned $0.64 EPS.

Several equities analysts recently commented on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Customers Bancorp in a research note on Friday, October 27th. Zacks Investment Research raised shares of Customers Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 24th. BidaskClub raised shares of Customers Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 16th. Maxim Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Customers Bancorp in a research note on Thursday, October 26th. Finally, TheStreet cut shares of Customers Bancorp from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.25.

Customers Bancorp (NYSE CUBI) opened at $25.99 on Tuesday. The company has a market cap of $800.65, a P/E ratio of 13.47 and a beta of 0.61. Customers Bancorp has a 12 month low of $24.75 and a 12 month high of $36.93. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.91 and a current ratio of 1.17.

In other Customers Bancorp news, COO Richard A. Ehst sold 9,000 shares of Customers Bancorp stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $26.70, for a total transaction of $240,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert E. Wahlman sold 50,000 shares of Customers Bancorp stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $26.66, for a total transaction of $1,333,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,129 shares of company stock valued at $1,603,489. 8.67% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its position in Customers Bancorp by 26.7% during the third quarter. Public Employees Retirement System of Ohio now owns 76,509 shares of the bank’s stock valued at $2,496,000 after purchasing an additional 16,109 shares during the last quarter. Algert Global LLC bought a new stake in Customers Bancorp during the third quarter valued at approximately $1,416,000. Piedmont Investment Advisors LLC bought a new stake in Customers Bancorp during the third quarter valued at approximately $205,000. Janney Montgomery Scott LLC bought a new stake in Customers Bancorp during the third quarter valued at approximately $241,000. Finally, Kalos Management Inc. lifted its position in Customers Bancorp by 23.7% during the third quarter. Kalos Management Inc. now owns 21,491 shares of the bank’s stock valued at $701,000 after purchasing an additional 4,119 shares during the last quarter. Institutional investors and hedge funds own 87.79% 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).

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