DA Davidson Lowers Earnings Estimates for Customers Bancorp

Customers Bancorp, Inc. (NYSE:CUBI) – Stock analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Customers Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.67 for the year, down from their previous forecast of $5.82. The consensus estimate for Customers Bancorp’s current full-year earnings is $5.63 per share.

A number of other brokerages also recently issued reports on CUBI. Keefe, Bruyette & Woods raised their price target on shares of Customers Bancorp from $52.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler decreased their price objective on shares of Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Stephens upped their price target on Customers Bancorp from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Wedbush lowered Customers Bancorp from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $79.00 to $53.00 in a research note on Tuesday, September 24th. Finally, StockNews.com raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, December 1st. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Customers Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $62.22.

Customers Bancorp Stock Performance

NYSE:CUBI opened at $47.71 on Friday. Customers Bancorp has a twelve month low of $42.31 and a twelve month high of $68.49. The company has a market cap of $1.50 billion, a P/E ratio of 7.75 and a beta of 1.65. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $51.53 and its 200-day moving average price is $50.45.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Thursday, October 31st. The bank reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $2.59 EPS. The business’s revenue for the quarter was down 23.2% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Robert Neil Mackay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $53.78, for a total value of $215,120.00. Following the completion of the sale, the director now owns 4,567 shares in the company, valued at $245,613.26. This trade represents a 46.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Glenn Hedde sold 5,002 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.68, for a total value of $268,507.36. Following the transaction, the insider now directly owns 66,256 shares of the company’s stock, valued at approximately $3,556,622.08. This trade represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,440 shares of company stock worth $5,425,815 in the last ninety days. 6.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in Customers Bancorp by 14.2% in the 3rd quarter. CWM LLC now owns 2,198 shares of the bank’s stock valued at $102,000 after acquiring an additional 274 shares during the last quarter. GAMMA Investing LLC increased its position in Customers Bancorp by 21.7% during the third quarter. GAMMA Investing LLC now owns 1,580 shares of the bank’s stock worth $73,000 after buying an additional 282 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Customers Bancorp by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the bank’s stock valued at $686,000 after acquiring an additional 300 shares in the last quarter. Mackenzie Financial Corp raised its stake in Customers Bancorp by 10.4% in the 2nd quarter. Mackenzie Financial Corp now owns 5,850 shares of the bank’s stock valued at $281,000 after purchasing an additional 549 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Customers Bancorp by 8.3% during the 2nd quarter. Inspire Investing LLC now owns 7,303 shares of the bank’s stock worth $350,000 after purchasing an additional 557 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.