Customers Bancorp (CUBI) Set to Announce Earnings on Wednesday
Customers Bancorp (NYSE:CUBI) will announce its earnings results after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Customers Bancorp (NYSE:CUBI) last announced its earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.09). The company had revenue of $86.05 million for the quarter, compared to the consensus estimate of $80.32 million. Customers Bancorp had a return on equity of 15.38% and a net margin of 19.75%. During the same period in the previous year, the company earned $0.64 EPS. On average, analysts expect Customers Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Customers Bancorp (NYSE CUBI) opened at $30.38 on Monday. The stock has a market capitalization of $935.89, a P/E ratio of 15.74 and a beta of 0.61. The company has a current ratio of 1.17, a quick ratio of 0.91 and a debt-to-equity ratio of 2.27. Customers Bancorp has a 12-month low of $24.75 and a 12-month high of $35.62.
In related news, CFO Robert E. Wahlman sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.66, for a total value of $1,333,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Richard A. Ehst sold 9,000 shares of the firm’s 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 ninety days, insiders sold 60,129 shares of company stock valued at $1,603,489. 8.67% of the stock is owned by company insiders.
About Customers Bancorp
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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