Equity analysts expect clients Bancorp, Inc. (NYSE:CUBI – received rating) to report earnings per share (EPS) of $1.76 for the current fiscal quarter Zack. Four analysts have come out with estimates for Customers Bancorp’s earnings, with the highest EPS estimate at $1.88 and the lowest estimate at $1.59. Customers Bancorp also reported earnings per share of $1.76 for the same quarter last year. The company is expected to release its next earnings results on Monday, January 1st.

According to Zacks, analysts expect Customers Bancorp to report full-year earnings per share for the current fiscal year of $7.12, with EPS estimates ranging from $4.44 to $7.98. For the next fiscal year, analysts expect the company to report earnings of $6.99 per share, with EPS estimates ranging from $6.31 to $7.75. Zacks Investment Research EPS calculations are an average based on a survey of research analysts who follow Customers Bancorp.

A number of research analysts recently covered the company. Zacks Investment Research Upgraded Customers Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, May 6, setting a price target of $48.00 for the stock. Stephens opened coverage on Customers Bancorp stock in a report on Monday, March 28th. They assigned an “equal weight” rating and a price target of $62.50 to the stock. B. Riley lowered its price target on Customers Bancorp stock to $90.00 from $100.00 in a report dated Tuesday, April 12. Maxim Group reinstated a buy rating and a price target of $85.00 on Customers Bancorp shares in a research report on Friday, April 29th. Finally, StockNews.com accepted coverage of Customers Bancorp stock in a research report dated Thursday, March 31st. They gave the stock a “hold” rating. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “buy” and an average target price of $69.31.

In related news, on Friday, May 6, CFO Carla A. Leibold acquired 1,000 shares of the stock in one transaction. The shares were purchased at an average price of $42.10 per share for a total value of $42,100.00. Upon completion of the transaction, the Chief Financial Officer now owns 68,348 shares of the Company, valued at approximately $2,877,450.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samvir S. Sidhu purchased 2,965 shares of Customers Bancorp in a transaction on Friday, May 6th. The shares were purchased at an average price of $42.10 per share for a total value of $124,826.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 80,637 shares of the Company, valued at $3,394,817.70. The disclosure for this purchase can be found here. Insiders bought 4,465 shares of the company’s stock worth $186,912 last quarter. 10.23% of the shares are currently owned by company insiders.

Institutional investors and hedge funds recently changed their positions in the stock. BlackRock Inc. added 4.6% to its position in Customers Bancorp in the first quarter. BlackRock Inc. now owns 4,837,269 shares of the bank valued at $252,216,000 after purchasing an additional 214,065 shares during the period. State Street Corp increased its position in Customers Bancorp stock by 56.3% in the first quarter. State Street Corp now owns 2,282,972 shares of the bank valued at $119,034,000 after purchasing an additional 822,072 shares last quarter. Vanguard Group Inc. added 2.0% to its holdings of shares in Customers Bancorp during the first quarter. Vanguard Group Inc. now owns 1,948,419 shares of the bank valued at $101,591,000 after purchasing an additional 37,717 shares during the period. Victory Capital Management Inc. increased its stake in Customers Bancorp by 75.0% in the first quarter. Victory Capital Management Inc. now owns 998,379 shares of the bank valued at $50,272,000 after purchasing an additional 427,959 shares during the period. Finally, JPMorgan Chase & Co. increased its holding in Customers Bancorp by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 557,238 shares of the bank, valued at $36,427,000, after purchasing an additional 30,974 shares last quarter. 83.48% of the shares are owned by institutional investors.

Shares of CUBI rose $0.82 during trading hours on Friday to hit $41.17. 240,003 shares of the stock were exchanged compared to an average volume of 464,618. Customers Bancorp has a 52-week low of $34.55 and a 52-week high of $76.13. The company has a debt to equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average of $45.16 and a 200-day moving average of $55.57. The company has a market cap of $1.36 billion, a P/E of 4.11 and a beta of 1.58.

Clients Bancorp Company Profile (received rating)

Customers Bancorp, Inc acts as the banking holding company for Customers Bank, which provides financial products and services to consumers and small and medium sized businesses. The Company offers deposit products including checking, savings, MMDA and other deposit accounts. It offers lending products including commercial mortgage inventory loans, multi-family and commercial real estate loans, commercial banks, small business loans, equipment financing, residential mortgage loans and personal loans.

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