Equities Analysts Issue Forecasts for CUBI FY2025 Earnings

Customers Bancorp, Inc. (NYSE:CUBI) – DA Davidson cut their FY2025 earnings estimates for shares of Customers Bancorp in a research report issued 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 forecast of $7.24. DA Davidson currently 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) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.09). The business had revenue of $167.10 million for the quarter, compared to the consensus estimate of $191.61 million. Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%. The company’s revenue for the quarter was down 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 earnings per share.

A number of other equities analysts have also recently commented on the company. Piper Sandler decreased their target price on Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday. Wedbush downgraded Customers Bancorp from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $79.00 to $53.00 in a research note on Tuesday, September 24th. Raymond James cut their price objective 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. Hovde Group lowered Customers Bancorp from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods downgraded Customers Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $57.00 to $52.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.88.

Customers Bancorp Stock Performance

Shares of CUBI opened at $55.50 on Wednesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 9.01 and a beta of 1.61. 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 has a one year low of $40.61 and a one year high of $68.49. The business has a fifty day moving average of $47.19 and a 200 day moving average of $48.97.

Hedge Funds Weigh In On Customers Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its position in 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 acquiring an additional 274 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Customers Bancorp by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the bank’s stock valued at $686,000 after purchasing an additional 300 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Customers Bancorp by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 20,723 shares of the bank’s stock worth $994,000 after buying an additional 341 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Customers Bancorp by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 24,765 shares of the bank’s stock valued at $1,314,000 after buying an additional 353 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Transactions at Customers Bancorp

In other news, CEO Samvir S. Sidhu bought 2,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $45.53 per share, for a total transaction of $113,825.00. Following the completion of the purchase, the chief executive officer now directly owns 144,504 shares in the company, valued at approximately $6,579,267.12. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.92% of the company’s stock.

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.