DA Davidson Analysts Decrease Earnings Estimates for CUBI

Customers Bancorp, Inc. (NYSE:CUBI) – DA Davidson cut their FY2025 EPS estimates for shares of Customers Bancorp in a report released on Monday, November 4th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $5.82 for the year, down from their previous forecast 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.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods lowered shares of Customers Bancorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $57.00 to $52.00 in a report on Monday. StockNews.com downgraded Customers Bancorp from a “hold” rating to a “sell” rating in a report on Monday. Hovde Group lowered Customers Bancorp from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research note on Friday, August 9th. Raymond James lowered their price objective on 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. Finally, B. Riley upped their target price on shares of Customers Bancorp from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Customers Bancorp presently has a consensus rating of “Hold” and an average price target of $61.88.

Customers Bancorp Price Performance

Shares of CUBI stock opened at $46.46 on Wednesday. Customers Bancorp has a 52 week low of $40.61 and a 52 week high of $68.49. The stock has a market capitalization of $1.47 billion, a PE ratio of 7.54 and a beta of 1.61. 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 stock’s fifty day moving average is $47.09 and its 200-day moving average is $48.92.

Customers Bancorp (NYSE:CUBI) last announced its earnings results on Thursday, October 31st. The bank reported $1.34 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.09). Customers Bancorp had a return on equity of 13.55% and a net margin of 15.22%. The business had revenue of $167.10 million during the quarter, compared to analyst estimates of $191.61 million. During the same period in the previous year, the firm earned $2.59 earnings per share. The firm’s revenue was down 23.2% compared to the same quarter last year.

Institutional Investors Weigh In On Customers Bancorp

Large investors have recently made changes to their positions in the stock. Ridgewood Investments LLC acquired a new stake in shares of Customers Bancorp in the 2nd quarter valued at about $48,000. Innealta Capital LLC bought a new stake in Customers Bancorp in the 2nd quarter valued at approximately $74,000. GAMMA Investing LLC boosted 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 worth $73,000 after acquiring an additional 282 shares during the last quarter. CWM LLC grew its stake in shares of Customers Bancorp by 14.2% during the 3rd quarter. CWM LLC now owns 2,198 shares of the bank’s stock worth $102,000 after acquiring an additional 274 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Customers Bancorp in the second quarter valued at approximately $151,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other news, CEO Samvir S. Sidhu bought 2,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $45.53 per share, with a total value of $113,825.00. Following the completion of the purchase, the chief executive officer now owns 144,504 shares of the company’s stock, valued at approximately $6,579,267.12. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.92% of the stock is owned by insiders.

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.