B. Riley Forecasts Higher Earnings for Customers Bancorp

Customers Bancorp, Inc. (NYSE:CUBI - Free Report) - Analysts at B. Riley upped their FY2025 earnings estimates for shares of Customers Bancorp in a research report issued to clients and investors on Monday, January 27th. B. Riley analyst H. Goetsch now expects that the bank will post earnings per share of $7.33 for the year, up from their prior estimate of $7.23. B. Riley has a "Buy" rating and a $80.00 price objective on the stock. The consensus estimate for Customers Bancorp's current full-year earnings is $5.63 per share.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, beating the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%.

Several other analysts have also recently issued reports on the company. StockNews.com upgraded Customers Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, December 1st. DA Davidson increased their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday. Stephens reissued an "equal weight" rating and issued a $58.00 target price on shares of Customers Bancorp in a report on Friday, January 24th. Maxim Group raised their target price on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a "market perform" rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Customers Bancorp Price Performance

CUBI stock traded up $0.39 during trading on Wednesday, reaching $57.41. The company's stock had a trading volume of 308,892 shares, compared to its average volume of 384,705. The company's fifty day moving average is $51.63 and its 200-day moving average is $51.08. Customers Bancorp has a 1 year low of $42.31 and a 1 year high of $68.49. The company has a market capitalization of $1.80 billion, a P/E ratio of 9.32 and a beta of 1.68. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.78.

Insider Buying and Selling at Customers Bancorp

In other news, insider Glenn Hedde sold 5,002 shares of Customers Bancorp stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.68, for a total value of $268,507.36. Following the completion of the transaction, the insider now owns 66,256 shares in the company, valued at approximately $3,556,622.08. The trade was a 7.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Neil Mackay sold 4,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $53.78, for a total value of $215,120.00. Following the sale, the director now owns 4,567 shares in the company, valued at $245,613.26. The trade was a 46.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,440 shares of company stock worth $5,425,815 over the last 90 days. 6.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Customers Bancorp

Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. raised its position in Customers Bancorp by 53.1% in the 2nd quarter. Sei Investments Co. now owns 132,048 shares of the bank's stock worth $6,336,000 after purchasing an additional 45,818 shares during the period. Bank of Montreal Can grew its stake in shares of Customers Bancorp by 47.4% during the second quarter. Bank of Montreal Can now owns 8,900 shares of the bank's stock valued at $429,000 after buying an additional 2,862 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Customers Bancorp by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,164 shares of the bank's stock worth $728,000 after buying an additional 834 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Customers Bancorp by 10.4% during the 2nd quarter. Mackenzie Financial Corp now owns 5,850 shares of the bank's stock worth $281,000 after acquiring an additional 549 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its position in Customers Bancorp by 93.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 48,587 shares of the bank's stock valued at $2,331,000 after acquiring an additional 23,470 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Customers Bancorp Company Profile

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.