Today, the Pres Mortgage WarehouseLending of Customers Bancorp (CUBI), Glenn Hedde, sold shares of CUBI for $168.3K.
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Based on Customers Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $123 million and quarterly net profit of $17.86 million. In comparison, last year the company earned revenue of $117 million and had a net profit of $21.62 million. CUBI’s market cap is $658.2M and the company has a P/E ratio of 11.97. Currently, Customers Bancorp has an average volume of 51.15K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.00, reflecting a 78.7% upside.
The insider sentiment on Customers Bancorp has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Customers Bancorp, Inc. operates as a bank holding company. The company, through its subsidiary Customers Bank, offers financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches in Southeastern Pennsylvania, New York, New Jersey, Rhode Island, New Hampshire, and Massachusetts.
