Chart of the Day: Customers Bancorp
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 CUBI - Customers Bancorp

The Barchart Chart of the Day belongs to the Pennsylvania bank Customers Bancorp (NYSE:CUBI).   I found the company by sorting Barchart's All Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/23 the stock gained 12.18%.  

Image result for customers bancorp logo

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. It operates in two segments, Customers Bank Business Banking and BankMobile. The company accepts various deposit products, such as checking, savings, money market deposit, time deposit, non-interest-bearing demand accounts, individual retirement accounts, and other deposit accounts, as well as non-retail time deposits. It also provides commercial and industrial lending services; small business administration and paycheck protection program loans; multi-family and commercial real estate loans; commercial loans to mortgage companies; equipment financing services and specialty lending; mortgage warehouse loans; and home equity and residential mortgage and installment loans. In addition, the company offers private banking services; mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box, remote deposit capture, courier, merchant processing, cash vault, controlled disbursements, and positive pay services; and cash management services, such as account reconciliation, collections, and sweep accounts. It operates 12 full-service branches, as well as limited production and administrative offices in Southeastern Pennsylvania, including Bucks, Berks, Chester, Philadelphia, and Delaware Counties; Rye Brook and New York; Hamilton, New Jersey; Boston, Massachusetts; Providence, Rhode Island; Portsmouth, New Hampshire; Manhattan and Melville, New York; Washington D.C.; and Chicago, Illinois. Customers Bancorp, Inc. was founded in 1997 and is headquartered in West Reading, Pennsylvania.

Customers Bancorp, Inc.

701 Reading AvenueWest Reading, PA 19611United States610 933 2000


Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 19.35% in the last month
  • Relative Strength Index 69.94%
  • Technical support level at 44.63
  • Recently traded at 46.52 with a 50 day moving average of 40.76

Fundamental factors:

  • Market Cap $1.47 million
  • P/E 6.58
  • Revenue expected to grow 44.10% this year but be down 4.80% next year
  • Earnings estimated to increase 80.50% this year, decrease 1.90% next year but compound annually at a rate of 10.00% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 1 buy and 3 hold recommendations on the stock
  • The experts on TipRanks gave the stock a 7 out of 10 rating
  • 2,490 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CUBI, over the next 72 hours.