Customers Bancorp Inc (NYSE: CUBI) has reported earnings for its second fiscal quarter (ending June 30) of $1.72 versus $1.41 for the same period a year ago — an increase of 22%. This result exceeded the consensus estimate of $1.42 by $0.30. For the latest four quarters through June 30, E.P.S. were $7.69 versus $5.67 for the same period a year ago — an increase of 36%.
Recent Price Action
Customers Bancorp Inc (NYSE: CUBI) stock enjoyed a large increase of 4.6% on 7/25/24. The stock closed at $64.05. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
CUBI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Customers Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Customers Bancorp has a neutral Power Rating of 55 but a very high Appreciation Score of 88, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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