|Bid||22.63 x 800|
|Ask||25.75 x 800|
|Day's range||25.62 - 25.64|
|52-week range||24.40 - 25.80|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||2.55|
|Forward dividend & yield||1.49 (5.82%)|
|Ex-dividend date||30 Aug 2022|
|1y target est||N/A|
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.
WEST READING, Pa., July 29, 2022--Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.445233 per share. The dividend is payable on September 15, 2022, to shareholders of record on August 31, 2022.
The consensus price target hints at a 66% upside potential for Customers Bancorp (CUBI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.