What is DA Davidson’s Estimate for CUBI FY2025 Earnings?

Customers Bancorp, Inc. (NYSE:CUBI) – Equities researchers at DA Davidson decreased their FY2025 EPS estimates for Customers Bancorp in a report released on Wednesday, April 2nd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $6.01 per share for the year, down from their prior estimate of $6.95. DA Davidson currently has a “Buy” rating and a $71.00 target price on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.45 per share.

A number of other equities analysts also recently issued reports on CUBI. Maxim Group increased their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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 note on Monday, January 27th. Finally, Stephens reissued an “equal weight” rating and set a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Customers Bancorp Stock Down 5.1 %

Shares of NYSE:CUBI opened at $43.25 on Friday. The business’s 50 day moving average is $53.25 and its 200 day moving average is $50.94. The stock has a market cap of $1.36 billion, a P/E ratio of 8.51 and a beta of 1.47. Customers Bancorp has a 52-week low of $40.75 and a 52-week high of $68.49. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%.

Institutional Trading of Customers Bancorp

Several large investors have recently bought and sold shares of CUBI. Picton Mahoney Asset Management lifted its stake in shares of Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock worth $28,000 after buying an additional 189 shares during the period. R Squared Ltd purchased a new stake in Customers Bancorp during the 4th quarter valued at about $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Customers Bancorp in the fourth quarter valued at about $46,000. KBC Group NV raised its stake in shares of Customers Bancorp by 82.8% in the fourth quarter. KBC Group NV now owns 1,495 shares of the bank’s stock worth $73,000 after purchasing an additional 677 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Customers Bancorp by 323.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank’s stock worth $80,000 after purchasing an additional 1,255 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Glenn Hedde sold 15,815 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $58.25, for a total transaction of $921,223.75. Following the transaction, the insider now directly owns 55,211 shares of the company’s stock, valued at $3,216,040.75. This represents a 22.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jay S. Sidhu sold 33,173 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $57.25, for a total value of $1,899,154.25. Following the completion of the sale, the chief executive officer now owns 1,032,723 shares of the company’s stock, valued at approximately $59,123,391.75. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,988 shares of company stock worth $6,627,318 in the last 90 days. 6.92% of the stock is owned by corporate insiders.

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.