DA Davidson Has Negative Estimate for CUBI FY2025 Earnings

Customers Bancorp, Inc. (NYSE:CUBI - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings estimates for Customers Bancorp in a note issued to investors on Monday, November 4th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.82 for the year, down from their previous estimate of $7.24. DA Davidson has a "Buy" rating and a $79.00 price target on the stock. The consensus estimate for Customers Bancorp's current full-year earnings is $6.11 per share.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its earnings results on Thursday, October 31st. The bank reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.09). The company had revenue of $167.10 million for the quarter, compared to analysts' expectations of $191.61 million. Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%. The business's revenue was down 23.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 earnings per share.

CUBI has been the subject of several other research reports. Raymond James lowered their price objective on shares of Customers Bancorp from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, October 2nd. B. Riley increased their price objective on shares of Customers Bancorp from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Monday. Piper Sandler lowered their price objective on shares of Customers Bancorp from $61.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com lowered shares of Customers Bancorp from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods lowered shares of Customers Bancorp from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $57.00 to $52.00 in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.88.

Customers Bancorp Price Performance

CUBI stock traded up $9.06 during trading on Wednesday, hitting $55.50. 1,034,826 shares of the company's stock traded hands, compared to its average volume of 367,464. Customers Bancorp has a 52 week low of $40.61 and a 52 week high of $68.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.92 and a current ratio of 0.93. The business has a fifty day simple moving average of $47.19 and a 200 day simple moving average of $48.97. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.01 and a beta of 1.61.

Institutional Investors Weigh In On Customers Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUBI. Ridgewood Investments LLC purchased a new position in Customers Bancorp during the 2nd quarter valued at about $48,000. GAMMA Investing LLC increased its position in Customers Bancorp by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,580 shares of the bank's stock valued at $73,000 after purchasing an additional 282 shares during the period. Innealta Capital LLC purchased a new position in Customers Bancorp during the 2nd quarter valued at about $74,000. CWM LLC increased its position in Customers Bancorp by 14.2% during the 3rd quarter. CWM LLC now owns 2,198 shares of the bank's stock valued at $102,000 after purchasing an additional 274 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Customers Bancorp during the 2nd quarter valued at about $151,000. Institutional investors own 89.29% of the company's stock.

Insider Transactions at Customers Bancorp

In related news, CEO Samvir S. Sidhu acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $45.53 per share, for a total transaction of $113,825.00. Following the acquisition, the chief executive officer now directly owns 144,504 shares of the company's stock, valued at $6,579,267.12. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.92% of the company's stock.

About Customers Bancorp

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.