FY2025 EPS Estimate for Customers Bancorp Boosted by Analyst

Customers Bancorp, Inc. (NYSE:CUBI) – Equities research analysts at DA Davidson boosted their FY2025 earnings per share estimates for shares of Customers Bancorp in a report released on Monday, January 27th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $6.95 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 $5.63 per share.

CUBI has been the subject of a number of other research reports. Raymond James cut their price target on Customers Bancorp from $80.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 2nd. B. Riley increased their target price on Customers Bancorp from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Maxim Group boosted their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Keefe, Bruyette & Woods lifted 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 report on Monday. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Customers Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Customers Bancorp Stock Performance

CUBI opened at $56.99 on Wednesday. The firm has a market cap of $1.79 billion, a P/E ratio of 9.25 and a beta of 1.68. Customers Bancorp has a 1-year low of $42.31 and a 1-year high of $68.49. The company has a 50 day simple moving average of $51.56 and a two-hundred day simple moving average of $51.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.93 and a quick ratio of 0.92.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share for the quarter, beating 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 at Customers Bancorp

In other news, CEO Jay S. Sidhu sold 86,578 shares of Customers Bancorp stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $56.54, for a total value of $4,895,120.12. Following the completion of the transaction, the chief executive officer now owns 1,090,598 shares in the company, valued at approximately $61,662,410.92. The trade was a 7.35 % 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 business’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 value of $215,120.00. Following the transaction, the director now directly owns 4,567 shares in the company, valued at approximately $245,613.26. This represents a 46.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,440 shares of company stock valued at $5,425,815 over the last 90 days. 6.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CUBI. CWM LLC grew its stake in shares of Customers Bancorp by 14.2% during the third quarter. CWM LLC now owns 2,198 shares of the bank’s stock valued at $102,000 after buying an additional 274 shares during the last quarter. GAMMA Investing LLC grew its position in Customers Bancorp by 21.7% in the 3rd 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. SG Americas Securities LLC increased its stake in Customers Bancorp by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank’s stock worth $272,000 after purchasing an additional 333 shares during the period. Mackenzie Financial Corp increased its stake in Customers Bancorp by 10.4% in the second quarter. Mackenzie Financial Corp now owns 5,850 shares of the bank’s stock worth $281,000 after purchasing an additional 549 shares during the period. Finally, Basswood Capital Management L.L.C. bought a new stake in shares of Customers Bancorp during the third quarter worth $26,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.