Customers Bancorp, Inc. (NYSE: CUBI) is predicted to announce $126.11 million worth of sales in the present quarter on October 28. NYSE: CUBI has experienced a huge growth of 27.3% since last year’s quarter sales were $99.10 million. However, estimation of the company’s earnings ranging between $124.42 and $127.79 million.
Stock market experts have appraised Customers Bancorp’s annual sales worth $494.45 million, extending from an amount of $484.02 – $504.88 million. The predictions for the upcoming annual sales range between $415.57 and $490.10 million.
NYSE: CUBI had exceeded the market projections of $108.99 million in the report of July 30 by minting $114.22 million with a $0.61 profit on every share. Their equity is the previous quarterly report was 10.77% with a 14.19% total margin.
Maxim Group had allotted a $27 target rate for NYSE: CUBI shares on August 7. Zacks Investment Research had promoted CUBI to a rating “hold” from a “sell” rating on August 3. Hovde Group fixed a target price of $20 to acquire a rating “outperform”. Finally, the stock consensus has issued a rating “hold” at $18.25 for their shares.
NYSE: CUBI stock purchase
On August 11, CEO Richard Ehst made a sale of 2,500 shares at $13.70 amounting to $34,250,000. The insiders own 9.71% stocks of the company. Reportedly, insider trading has resulted in selling stocks worth $65,815 within the three preceding months.
Charles Schwab Investment Management Inc. acquired 34,102 shares in the 2nd quarter leading to 310,186 total shares valued at $3,729,000.
Geode Capital Management LLC bought 17,820 shares in the 1st quarter, adding up to 406,873 shares, amounting to $4,447,000.
Deutsche Bank AG has a total of 110,533 shares after purchasing 89,881 shares in the 1st quarter. It is currently valued at $1,207,000.
A total of 271,785 shares is possessed by Sei Investments Co. after buying 35,726 shares in the 2nd quarter. Their current value is $3,264,000.
AQR Capital Management LLC possesses 108,137 shares after its purchase of another 41,705 shares in the 1st quarter. The total estimation amounts to $1,182,000.
NYSE: CUBI has 78.79%, institutional shareholders.
The share on Monday started from $13.89. 50-day moving average stands at $12.20 with a 200-day average of $11.62. NYSE: CUBI has a 12-month highest touching $25.72 and lowest hitting $8.36. The debt-to-equity quotient stands at 1.30, a quick percentage of 1.38, and the present ratio of 1.42. The stock market limit is $440.24 million. The percentage of P/E is at 6.03, with the beta at 1.56.
Facts about NYSE: CUBI
Customers Bancorp Inc. (NYSE: CUBI) functions as a services sector for Customers Bank to local citizens, entrepreneurs, and small-scale companies. The two important sectors of NYSE:CUBI are BankMobile and Business Bank. It also provides various depository services including savings, retirement plans, and time-related, market-oriented, and non-retail deposits.
