After finishing at $17.42 in the prior trading day, Customers Bancorp Inc. (NYSE: CUBI) closed at $18.08, up 3.79%. In other words, the price has increased by $+0.66 from its previous closing price. On the day, 2980072 shares were traded. CUBI stock price reached its highest trading level at $21.36 during the session, while it also had its lowest trading level at $17.23.
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Ratios:
Our goal is to gain a better understanding of CUBI by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on October 28, 2022, Upgraded its rating to Buy and sets its target price to $44 from $42 previously.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on March 29, 2022, whereas the target price for the stock was revised from $72 to $80.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 when Sidhu Samvir S. bought 5,200 shares for $20.50 per share. The transaction valued at 106,600 led to the insider holds 91,511 shares of the business.
SIDHU JAY S bought 45,450 shares of CUBI for $499,950 on Mar 13. The Chairman & CEO now owns 1,167,626 shares after completing the transaction at $11.00 per share. On Mar 13, another insider, ROTHERMEL DANIEL K, who serves as the Director of the company, bought 5,000 shares for $10.71 each. As a result, the insider paid 53,575 and bolstered with 102,962 shares of the company.
Valuation Measures:
As of this moment, Customers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.79, and their Forward P/E ratio for the next fiscal year is 2.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 0.46.
Stock Price History:
Over the past 52 weeks, CUBI has reached a high of $59.97, while it has fallen to a 52-week low of $6.87. The 50-Day Moving Average of the stock is 29.54, while the 200-Day Moving Average is calculated to be 32.84.
Shares Statistics:
The stock has traded on average 672.75K shares per day over the past 3-months and 1.72M shares per day over the last 10 days, according to various share statistics. A total of 32.41M shares are outstanding, with a floating share count of 30.94M. Insiders hold about 4.90% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for CUBI as of Jan 30, 2023 were 1.43M with a Short Ratio of 1.77M, compared to 1.3M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.42% and a Short% of Float of 5.46%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $1.24 for the current quarter, with a high estimate of $1.44 and a low estimate of $0.78, while EPS last year was $2.18. The consensus estimate for the next quarter is $1.35, with high estimates of $1.45 and low estimates of $1.11.
Analysts are recommending an EPS of between $6.25 and $5.03 for the fiscal current year, implying an average EPS of $5.71. EPS for the following year is $6.62, with 8 analysts recommending between $7.75 and $6.02.
Revenue Estimates
7 analysts predict $140.42M in revenue for the current quarter. It ranges from a high estimate of $154.6M to a low estimate of $130.2M. As of the current estimate, Customers Bancorp Inc.’s year-ago sales were $164.7M, an estimated decrease of -14.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $144.46M, a decrease of -12.40% over than the figure of -$14.70% in the same quarter last year. There is a high estimate of $164.8M for the next quarter, whereas the lowest estimate is $134M.
A total of 7 analysts have provided revenue estimates for CUBI’s current fiscal year. The highest revenue estimate was $657.2M, while the lowest revenue estimate was $550.4M, resulting in an average revenue estimate of $587.5M. In the same quarter a year ago, actual revenue was $623.72M, down -5.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $628.99M in the next fiscal year. The high estimate is $682.3M and the low estimate is $586.5M. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
