Research Analysts Set Expectations for CUBI FY2025 Earnings

Customers Bancorp, Inc. (NYSE:CUBI) – Analysts at B. Riley lifted their FY2025 earnings estimates for Customers Bancorp in a research report issued to clients and 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.

CUBI has been the subject of several other research reports. StockNews.com upgraded Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Raymond James reduced their target price on shares of 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. DA Davidson increased their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a report on Monday. Stephens restated an “equal weight” rating and set a $58.00 price target on shares of Customers Bancorp in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Customers Bancorp from $62.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Customers Bancorp Stock Performance

Shares of Customers Bancorp stock opened at $57.41 on Wednesday. Customers Bancorp has a 52 week low of $42.31 and a 52 week high of $68.49. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $51.63 and a 200-day moving average price of $51.08. The company has a market cap of $1.80 billion, a PE ratio of 9.32 and a beta of 1.68.

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

Hedge Funds Weigh In On Customers Bancorp

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in Customers Bancorp by 88.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 479,739 shares of the bank’s stock worth $22,284,000 after purchasing an additional 225,785 shares during the period. State Street Corp boosted its position in shares of Customers Bancorp by 10.5% in the third quarter. State Street Corp now owns 1,781,976 shares of the bank’s stock valued at $82,773,000 after acquiring an additional 169,982 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Customers Bancorp by 46.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank’s stock valued at $13,621,000 after acquiring an additional 90,451 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Customers Bancorp during the 3rd quarter worth approximately $3,470,000. Finally, Sei Investments Co. lifted its stake in Customers Bancorp by 53.1% in the 2nd quarter. Sei Investments Co. now owns 132,048 shares of the bank’s stock worth $6,336,000 after purchasing an additional 45,818 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insiders Place Their Bets

In other Customers Bancorp news, CEO Jay S. Sidhu sold 860 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $54.73, for a total value of $47,067.80. Following the sale, the chief executive officer now directly owns 1,189,738 shares in the company, valued at $65,114,360.74. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glenn Hedde sold 5,002 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $3,556,622.08. This represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,440 shares of company stock valued at $5,425,815. Company 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.