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In the latest session, Customers Bancorp Inc (NYSE: CUBI) closed at $45.81 down -2.53% from its previous closing price of $47.00. In other words, the price has decreased by -$2.53 from its previous closing price. On the day, 0.72 million shares were traded. CUBI stock price reached its highest trading level at $46.715 during the session, while it also had its lowest trading level at $44.85.
Ratios:
For a deeper understanding of Customers Bancorp Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.75.
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, Wedbush on Sep-25-24, Downgraded its rating to Neutral and sets its target price to $53 from $79 previously.
On August 09, 2024, Hovde Group Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $49.
Hovde Group reiterated its Outperform rating for the stock on May 02, 2024, while the target price for the stock was revised from $66 to $63.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 13 ’24 when Sidhu Samvir S. bought 2,500 shares for $45.53 per share. The transaction valued at 113,833 led to the insider holds 144,504 shares of the business.
Leibold Carla A sold 35,832 shares of CUBI for $1,904,464 on Mar 12 ’24. The Chief Financial Officer now owns 41,224 shares after completing the transaction at $53.15 per share. On Feb 27 ’24, another insider, Hedde Glenn, who serves as the Pres Mortgage WarehouseLending of the company, sold 666 shares for $54.20 each. As a result, the insider received 36,096 and left with 69,428 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CUBI now has a Market Capitalization of 1452067072 and an Enterprise Value of -552128192. As of this moment, Customers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.17, and their Forward P/E ratio for the next fiscal year is 6.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at -0.764.
Stock Price History:
Over the past 52 weeks, CUBI has reached a high of $68.49, while it has fallen to a 52-week low of $31.16. The 50-Day Moving Average of the stock is -13.52%, while the 200-Day Moving Average is calculated to be -10.26%.
Shares Statistics:
For the past three months, CUBI has traded an average of 459.35K shares per day and 434290 over the past ten days. A total of 31.44M shares are outstanding, with a floating share count of 29.02M. Insiders hold about 8.45% of the company’s shares, while institutions hold 90.94% stake in the company. Shares short for CUBI as of 1724976000 were 2734589 with a Short Ratio of 5.95, compared to 1722384000 on 2889466. Therefore, it implies a Short% of Shares Outstanding of 2734589 and a Short% of Float of 10.5900005.
