Equities Analysts Set Expectations for CUBI FY2025 Earnings

Customers Bancorp, Inc. (NYSE:CUBI) – Analysts at B. Riley upped their FY2025 earnings estimates for shares of Customers Bancorp in a note issued to investors on Monday, January 27th. B. Riley analyst H. Goetsch now expects that the bank will earn $7.33 per share for the year, up from their previous 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.

Other equities research analysts have also recently issued reports about the stock. Piper Sandler cut their price objective on shares of Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Maxim Group upped their price target on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday. DA Davidson boosted their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Monday. Finally, Stephens reaffirmed an “equal weight” rating and set a $58.00 price target on shares of Customers Bancorp in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Customers Bancorp Trading Down 2.4 %

Shares of CUBI stock opened at $56.99 on Wednesday. Customers Bancorp has a 1 year low of $42.31 and a 1 year high of $68.49. The firm has a market capitalization of $1.79 billion, a PE ratio of 9.25 and a beta of 1.68. The stock has a fifty day moving average of $51.56 and a two-hundred day moving average of $51.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.92 and a current ratio of 0.93.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 13.55% and a net margin of 15.22%.

Insider Activity

In other Customers Bancorp news, CEO Jay S. Sidhu sold 860 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $54.73, for a total value of $47,067.80. Following the completion of the transaction, the chief executive officer now directly owns 1,189,738 shares in the company, valued at $65,114,360.74. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Neil Mackay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $53.78, for a total transaction of $215,120.00. Following the completion of the sale, the director now owns 4,567 shares of the company’s stock, valued at approximately $245,613.26. This trade represents a 46.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,440 shares of company stock worth $5,425,815. Insiders own 6.92% of the company’s stock.

Institutional Investors Weigh In On Customers Bancorp

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its holdings in shares of Customers Bancorp by 53.1% in the 2nd quarter. Sei Investments Co. now owns 132,048 shares of the bank’s stock valued at $6,336,000 after purchasing an additional 45,818 shares during the period. Bank of Montreal Can increased its stake in Customers Bancorp by 47.4% in the 2nd 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 period. The Manufacturers Life Insurance Company lifted its position in Customers Bancorp by 5.8% in the 2nd 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 in the last quarter. Mackenzie Financial Corp boosted 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 valued at $281,000 after buying an additional 549 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Customers Bancorp by 93.4% during 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 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.