Customers Bancorp Inc. (NYSE:CUBI) released its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Customers Bancorp had a net margin of 22.25% and a return on equity of 13.73%. During the same period in the previous year, the company posted $0.50 EPS.

Shares of Customers Bancorp (NYSE:CUBI) opened at 25.15 on Thursday. Customers Bancorp has a 52-week low of $21.66 and a 52-week high of $31.63. The firm has a market cap of $686.39 million, a price-to-earnings ratio of 11.18 and a beta of 0.61. The company’s 50 day moving average is $25.36 and its 200 day moving average is $25.69.

Earnings History for Customers Bancorp (NYSE:CUBI)

A number of institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in Customers Bancorp by 1.8% in the third quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the company’s stock worth $284,000 after buying an additional 200 shares in the last quarter. BLB&B Advisors LLC boosted its position in Customers Bancorp by 0.9% in the third quarter. BLB&B Advisors LLC now owns 11,131 shares of the company’s stock worth $280,000 after buying an additional 100 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Customers Bancorp by 555.6% in the third quarter. Nisa Investment Advisors LLC now owns 5,900 shares of the company’s stock worth $148,000 after buying an additional 5,000 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its position in Customers Bancorp by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 418,519 shares of the company’s stock worth $10,529,000 after buying an additional 3,274 shares in the last quarter. Finally, Creative Planning boosted its position in Customers Bancorp by 36.3% in the third quarter. Creative Planning now owns 6,054 shares of the company’s stock worth $152,000 after buying an additional 1,612 shares in the last quarter. 84.74% of the stock is owned by institutional investors.

A number of brokerages have issued reports on CUBI. Zacks Investment Research lowered shares of Customers Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 13th. Keefe, Bruyette & Woods decreased their target price on shares of Customers Bancorp from $31.00 to $29.00 and set a “market perform” rating on the stock in a research report on Tuesday, September 20th. Finally, FBR & Co set a $32.00 target price on shares of Customers Bancorp and gave the stock a “buy” rating in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $31.10.

Customers Bancorp Company Profile

Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Company operates in the community banking segment. The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers.

5 Day Chart for NYSE:CUBI

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