Following Steven Issa’s last CUBI Sell transaction on March 02, 2021, the stock climbed by 6.8%.
Based on Customers Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $151 million and quarterly net profit of $36.6 million. In comparison, last year the company earned revenue of $103 million and had a net profit of $3.1 million. The company has a one-year high of $34.60 and a one-year low of $8.36. CUBI’s market cap is $1.11 billion and the company has a P/E ratio of 8.70.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $46.33, reflecting a -24.3% downside.
The insider sentiment on Customers Bancorp has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Customers Bancorp, Inc. operates as a bank holding company. It operates through the following segments: Customers Bank Business Banking and BankMobile. The Customers Bank Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, New York, New Jersey, Massachusetts, Rhode Island, New Hampshire, Washington D.C., and Illinois through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. The BankMobile segment provides state-of-the-art high-tech digital banking and disbursement services to consumers, students and the under banked nationwide, along with Banking as a Service offerings with existing and potential white label partners. The company was founded on April 7, 2010 and is headquartered in Wyomissing, PA.