Wyomissing, Pennsylvania, May 16, 2020 – Shares of Customers Bancorp Inc. (NYSE: CUBI) showed the bullish trend with a higher momentum of 2.95% to $9.08. The company traded total volume of 316.158K shares as contrast to its average volume of 300.84K shares. The company has a market value of $276.21M and about 30.42M shares outstanding.
Customers Bancorp Inc. (NYSE: CUBI) posted revenues of $99.10M for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 6.15%. This compares to year-ago revenues of $66.09M. The company has topped consensus revenue estimates just once over the last four quarters. Customers Bancorp came out with quarterly earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.35%. A quarter ago, it was expected that this bank holding company would post earnings of $0.25 per share when it actually produced earnings of $0.38, delivering a surprise of 52%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.
The Company offered net profit margin of 11.30%. ROE was recorded as 7.00% while beta factor was 1.52. The stock, as of recent close, has shown the weekly downbeat performance of -20.21% which was maintained at -61.86% in this year.