|Bid||29.11 x 1000|
|Ask||29.95 x 1200|
|Day's Range||29.43 - 30.44|
|52 Week Range||29.27 - 76.13|
|Beta (5Y Monthly)||1.61|
|PE Ratio (TTM)||2.97|
|Earnings Date||Oct 25, 2022 - Oct 31, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.75|
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WEST READING, Pa., August 25, 2022--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, "Customers"), has appointed Raj Date, Managing Partner of Fenway Summer LLC, a Washington DC-based investment and advisory firm and the first-ever Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), to the Board of the holding company and bank.
Big banks steered clear of cryptocurrency companies, but a handful of small lenders courted the booming businesses. Now, they are dealing with the bust.
The fact that the market is missing this performance, growth, and expansion leads me to believe Customers Bancorp stock is undervalued. Specialty commercial loans grew by $1.6 billion in the second quarter of the year. Customers continue to work on rolling out other digital lending products for small- to medium-sized businesses, such as revolving term loans, equipment finance loans, and commercial credit cards.