Wall Street brokerages forecast that Customers Bancorp Inc (NYSE:CUBI) will announce $0.58 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Customers Bancorp’s earnings, with estimates ranging from $0.47 to $0.75. Customers Bancorp posted earnings of $0.55 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The firm is scheduled to announce its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Customers Bancorp will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.62. For the next financial year, analysts expect that the business will report earnings of $2.12 per share, with EPS estimates ranging from $2.00 to $2.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Customers Bancorp.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, October 25th. The bank reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). The company had revenue of $66.09 million for the quarter, compared to the consensus estimate of $64.64 million. Customers Bancorp had a return on equity of 13.10% and a net margin of 16.01%.
Several institutional investors have recently modified their holdings of CUBI. Riverhead Capital Management LLC raised its holdings in shares of Customers Bancorp by 44.8% during the second quarter. Riverhead Capital Management LLC now owns 6,784 shares of the bank’s stock worth $192,000 after acquiring an additional 2,100 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Customers Bancorp during the second quarter worth $196,000. Tyers Asset Management LLC raised its holdings in shares of Customers Bancorp by 44.6% during the second quarter. Tyers Asset Management LLC now owns 7,448 shares of the bank’s stock worth $211,000 after acquiring an additional 2,296 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Customers Bancorp during the second quarter worth $251,000. Finally, Flinton Capital Management LLC raised its holdings in shares of Customers Bancorp by 44.6% during the second quarter. Flinton Capital Management LLC now owns 9,044 shares of the bank’s stock worth $257,000 after acquiring an additional 2,788 shares in the last quarter. 80.18% of the stock is owned by institutional investors and hedge funds.
Shares of CUBI traded up $0.08 during trading hours on Wednesday, hitting $20.05. 17,178 shares of the company were exchanged, compared to its average volume of 328,335. The firm has a market cap of $632.80 million, a PE ratio of 9.20, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Customers Bancorp has a one year low of $18.57 and a one year high of $32.34.
Customers Bancorp Company Profile
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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