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Customers Bancorp, Inc is currently in a long term uptrend where the price is trading 43.5% above its 200 day moving average.
From a valuation standpoint, the stock is 77.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.0.
Customers Bancorp, Inc's total revenue rose by 41.9% to $147M since the same quarter in the previous year.
Its net income has increased by 104.3% to $56M since the same quarter in the previous year.
Finally, its free cash flow grew by 78.4% to $46M since the same quarter in the previous year.
Based on the above factors, Customers Bancorp, Inc gets an overall score of 5/5.
CurrencyCode | USD |
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Industry | Banks-Regional |
Sector | Financial Services |
Exchange | NYSE |
ISIN | US23204G1004 |
Beta | 1.57 |
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Target Price | 32.88 |
Dividend Yield | 0.0% |
Market Cap | 573M |
PE Ratio | 2.82 |
Customers Bancorp, Inc. operates as the bank holding company for Customers Bank that provides financial products and services to individual consumers, and small and middle market businesses. The company provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts. Its lending business offers commercial and industrial, commercial real estate, and multifamily and residential mortgage loans; SBA lending and financing; specialty lending includes fund finance, real estate specialty finance, technology and venture, healthcare and financial institutions group finance; commercial loans to mortgage companies, and commercial equipment financing; and fund finance, which includes secured and variable rate financing, private equity funds, and cash management services. In addition, the company provides digital banking including Banking-as-a-Service to fintech companies, payments and treasury services to businesses, and consumer loans through fintech companies and the TassatPay, an blockchain-based instant B2B payments platform which offers instant payments including over-the-counter desks, exchanges, liquidity providers, market makers, funds, and other B2B verticals. Further, it offers mobile phone and internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, positive pay, and cash management services, such as account reconciliation, collections, and sweep accounts. The company was incorporated in 2010 and is headquartered in West Reading, Pennsylvania.
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