Revenue Update on Customers Bancorp Inc(NYSE:CUBI)

Customers Bancorp Inc(NYSE:CUBI) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Apr 14, 2016. Company reported revenue of $57.63M. Analysts estimated a revenue of $55.06M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.57.

Customers Bancorp Inc (CUBI) made into the market gainers list on Mondays trading session with the shares advancing 4.05% or 1 points. Due to strong positive momentum, the stock ended at $25.68, which is also near the day’s high of $25.76. The stock began the session at $24.5 and the volume stood at 1,54,971 shares. The 52-week high of the shares is $31.63 and the 52 week low is $21.66. The company has a current market capitalization of $692 M and it has 2,69,35,953 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Glenn Hedde (Pres Mortgage WarehouseLending) sold 19,868 shares at $23.24 per share price.Also, On Jun 1, 2015, Robert E. Wahlman (CFO) purchased 17,000 shares at $25.08 per share price.On Feb 3, 2015, Jay S Sidhu (CEO) purchased 24,340 shares at $20.52 per share price, according to the Form-4 filing with the securities and exchange commission.

Customers Bancorp Inc. (Customers Bancorp) is a bank holding company engaged in banking activities through its wholly owned subsidiary Customers Bank (the Bank). Customers Bancorp provides financial products and services to small businesses not-for-profits and consumers. Customers Bancorp serves residences and businesses in Southeastern Pennsylvania Rye New York Hamilton New Jersey Boston Massachusetts and Providence among others. It offers a range of traditional loan and deposit banking products and financial services. The Bank offers a range of lending products including small business loans mortgage warehouse loans multi-family and commercial real estate loans residential mortgage loans and other consumer loans. The Bank also offers traditional depository products including commercial and consumer checking accounts non-interest-bearing demand accounts money market deposit accounts savings accounts and time deposit accounts and cash management services.

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