Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Customers Bancorp Inc (NYSE: CUBI) closed at $45.67 in the last session, down -4.05% from day before closing price of $47.60. In other words, the price has decreased by -$4.05 from its previous closing price. On the day, 0.58 million shares were traded. CUBI stock price reached its highest trading level at $47.67 during the session, while it also had its lowest trading level at $45.65.
Ratios:
We take a closer look at CUBI’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.89.
On September 29, 2023, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $60.
DA Davidson Upgraded its Neutral to Buy on October 28, 2022, whereas the target price for the stock was revised from $42 to $44.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Leibold Carla A sold 35,832 shares for $53.15 per share. The transaction valued at 1,904,464 led to the insider holds 41,224 shares of the business.
Hedde Glenn sold 666 shares of CUBI for $36,096 on Feb 27 ’24. The Pres Mortgage WarehouseLending now owns 69,428 shares after completing the transaction at $54.20 per share. On Dec 12 ’23, another insider, Mackay Robert Neil, who serves as the Director of the company, sold 4,000 shares for $48.89 each. As a result, the insider received 195,576 and left with 4,638 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 1445546752 and an Enterprise Value of -622426432. As of this moment, Customers’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.38, and their Forward P/E ratio for the next fiscal year is 6.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at -0.89.
Stock Price History:
The Beta on a monthly basis for CUBI is 1.68, which has changed by 1.6022792 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. Over the past 52 weeks, CUBI has reached a high of $60.09, while it has fallen to a 52-week low of $15.80. The 50-Day Moving Average of the stock is -10.95%, while the 200-Day Moving Average is calculated to be 1.58%.
Shares Statistics:
According to the various share statistics, CUBI traded on average about 302.91K shares per day over the past 3-months and 478480 shares per day over the past 10 days. A total of 31.44M shares are outstanding, with a floating share count of 29.01M. Insiders hold about 7.87% of the company’s shares, while institutions hold 86.56% stake in the company. Shares short for CUBI as of 1713139200 were 1862759 with a Short Ratio of 6.15, compared to 1710460800 on 1869935. Therefore, it implies a Short% of Shares Outstanding of 1862759 and a Short% of Float of 7.23.
Earnings Estimates
The dynamic stock of Customers Bancorp Inc (CUBI) is currently attracting attention from 10.0 analysts actively involved in rating its market status.On average, analysts expect EPS of $1.58 for the current quarter, with a high estimate of $1.72 and a low estimate of $1.27, while EPS last year was $1.39. The consensus estimate for the next quarter is $1.67, with high estimates of $1.83 and low estimates of $1.41.
Analysts are recommending an EPS of between $7.1 and $5.78 for the fiscal current year, implying an average EPS of $6.55. EPS for the following year is $7.37, with 10.0 analysts recommending between $8.0 and $5.78.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $170.53M. It ranges from a high estimate of $190M to a low estimate of $163.51M. As of the current estimate, Customers Bancorp Inc’s year-ago sales were $165.27MFor the next quarter, 10 analysts are estimating revenue of $175.22M. There is a high estimate of $198.9M for the next quarter, whereas the lowest estimate is $169.44M.
A total of 10 analysts have provided revenue estimates for CUBI’s current fiscal year. The highest revenue estimate was $775.2M, while the lowest revenue estimate was $677.3M, resulting in an average revenue estimate of $690.85M. In the same quarter a year ago, actual revenue was $687.88MBased on 9 analysts’ estimates, the company’s revenue will be $760.71M in the next fiscal year. The high estimate is $839.6M and the low estimate is $684.9M.
