FY2025 EPS Forecast for Customers Bancorp Lifted by Analyst

Customers Bancorp, Inc. (NYSE:CUBI - Free Report) - Equities research analysts at DA Davidson raised their FY2025 earnings per share estimates for Customers Bancorp in a report released on Monday, January 27th. DA Davidson analyst P. Winter now anticipates that the bank will earn $6.95 per share for the year, up from their prior estimate of $5.67. DA Davidson has a "Buy" rating and a $71.00 price target on the stock. The consensus estimate for Customers Bancorp's current full-year earnings is $6.33 per share.

A number of other brokerages have also commented on CUBI. Piper Sandler lowered their price objective on Customers Bancorp from $61.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. B. Riley increased their price target on Customers Bancorp from $78.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price objective 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, January 27th. Stephens reiterated an "equal weight" rating and issued a $58.00 target price on shares of Customers Bancorp in a research note on Friday, January 24th. Finally, StockNews.com upgraded shares of Customers Bancorp from a "sell" rating to a "hold" rating in a report on Sunday, December 1st. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $64.00.

Customers Bancorp Stock Down 0.6 %

NYSE CUBI traded down $0.33 during trading on Wednesday, hitting $56.98. 347,871 shares of the company traded hands, compared to its average volume of 346,281. Customers Bancorp has a 12 month low of $42.31 and a 12 month high of $68.49. The business has a fifty day simple moving average of $51.68 and a 200 day simple moving average of $51.02. The company has a market capitalization of $1.79 billion, a P/E ratio of 11.22 and a beta of 1.68. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, topping the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%.

Insider Activity at Customers Bancorp

In other news, CEO Jay S. Sidhu sold 860 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $54.73, for a total value of $47,067.80. Following the sale, the chief executive officer now directly owns 1,189,738 shares in the company, valued at approximately $65,114,360.74. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Glenn Hedde sold 15,815 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $58.25, for a total value of $921,223.75. Following the transaction, the insider now owns 55,211 shares of the company's stock, valued at $3,216,040.75. This trade represents a 22.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,255 shares of company stock worth $6,347,039. Company insiders own 6.92% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Basswood Capital Management L.L.C. bought a new stake in shares of Customers Bancorp in the 3rd quarter worth about $26,000. R Squared Ltd bought a new stake in Customers Bancorp during the fourth quarter worth about $42,000. KBC Group NV increased its holdings in shares of Customers Bancorp by 82.8% during the fourth quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after buying an additional 677 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Customers Bancorp by 21.7% in the third quarter. GAMMA Investing LLC now owns 1,580 shares of the bank's stock valued at $73,000 after acquiring an additional 282 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Customers Bancorp by 143.4% in the 3rd quarter. Quest Partners LLC now owns 1,633 shares of the bank's stock worth $76,000 after acquiring an additional 962 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.