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As of close of business last night, Customers Bancorp Inc’s stock clocked out at $51.77, down -6.82% from its previous closing price of $55.56. In other words, the price has decreased by -$6.82 from its previous closing price. On the day, 0.58 million shares were traded. CUBI stock price reached its highest trading level at $55.485 during the session, while it also had its lowest trading level at $51.6288.
Ratios:
To gain a deeper understanding of CUBI’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.78.
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, Keefe Bruyette on November 04, 2024, Downgraded its rating to Mkt Perform and sets its target price to $52 from $57 previously.
On September 24, 2024, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $79 to $53.
Hovde Group Downgraded its Outperform to Market Perform on August 09, 2024, while the target price for the stock was maintained at $49.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 07 ’24 when Jay Sidhu bought 100,000 shares for $54.76 per share.
Hedde Glenn sold 5,002 shares of CUBI for $268,498 on Nov 06 ’24. The Pres Mortgage WarehouseLending now owns 66,256 shares after completing the transaction at $53.68 per share. On Nov 06 ’24, another insider, Glenn Hedde, who serves as the Officer of the company, bought 5,002 shares for $53.68 each.
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 1741366784 and an Enterprise Value of 71053880. As of this moment, Customers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.41, and their Forward P/E ratio for the next fiscal year is 8.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.106.
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 $40.61. The 50-Day Moving Average of the stock is 9.70%, while the 200-Day Moving Average is calculated to be 3.77%.
Shares Statistics:
It appears that CUBI traded 423.22K shares on average per day over the past three months and 537620 shares per day 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 91.03% stake in the company. Shares short for CUBI as of 1728950400 were 2439934 with a Short Ratio of 5.77, compared to 1726185600 on 2733313. Therefore, it implies a Short% of Shares Outstanding of 2439934 and a Short% of Float of 9.58.
