Customers Bancorp (CUBI) Receives Daily News Sentiment Score of 0.22
News articles about Customers Bancorp (NYSE:CUBI) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Customers Bancorp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 44.2891250095785 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Customers Bank Moves to Modern Core Banking Platform from FIS to Support Growth (finance.yahoo.com)
- BidaskClub Downgrades Customers Bancorp (CUBI) to Strong Sell (americanbankingnews.com)
- Customers Bancorp (CUBI) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Customers Bancorp (CUBI) Set to Announce Earnings on Tuesday (americanbankingnews.com)
A number of equities research analysts recently weighed in on CUBI shares. B. Riley restated a “buy” rating and issued a $41.00 price target on shares of Customers Bancorp in a report on Wednesday, January 3rd. Boenning Scattergood restated a “hold” rating on shares of Customers Bancorp in a report on Friday, January 26th. Maxim Group restated a “buy” rating and issued a $50.00 price target on shares of Customers Bancorp in a report on Friday, January 26th. Sandler O’Neill restated a “hold” rating and issued a $33.00 price target on shares of Customers Bancorp in a report on Friday, January 26th. Finally, Zacks Investment Research cut Customers Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.42.
Customers Bancorp (NYSE:CUBI) last posted its earnings results on Wednesday, January 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). Customers Bancorp had a net margin of 18.64% and a return on equity of 14.11%. The company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.02 million. During the same period in the previous year, the company posted $0.62 EPS. Customers Bancorp’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts expect that Customers Bancorp will post 2.7 earnings per share for the current year.
In related news, insider Glenn Hedde sold 1,232 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $29.68, for a total value of $36,565.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 2,236 shares of company stock worth $66,951. 8.67% of the stock is owned by corporate insiders.
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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 accepts various deposit products, such as checking, savings, money market deposit, time deposit, individual retirement, and non-retail time deposit accounts, as well as certificates of deposit.
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