Customers Bancorp (CUBI) Projected to Post Earnings on Thursday

Customers Bancorp (NYSE:CUBI - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect Customers Bancorp to post earnings of $1.28 per share and revenue of $165.24 million for the quarter.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.15. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. On average, analysts expect Customers Bancorp to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Customers Bancorp Stock Performance

Shares of NYSE:CUBI traded up $2.30 during midday trading on Tuesday, hitting $46.31. The company had a trading volume of 244,015 shares, compared to its average volume of 373,409. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 9.12 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The company has a fifty day moving average of $49.75 and a two-hundred day moving average of $50.79. Customers Bancorp has a 12-month low of $40.75 and a 12-month high of $68.49.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CUBI. Stephens reaffirmed an "equal weight" rating and issued a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their target price 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. DA Davidson upped their price target on shares of Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Maxim Group increased their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Insider Buying and Selling

In other news, CEO Jay S. Sidhu sold 67,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.82, for a total value of $3,806,940.00. Following the sale, the chief executive officer now directly owns 965,723 shares in the company, valued at $54,872,380.86. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $58.25, for a total value of $921,223.75. Following the sale, the insider now owns 55,211 shares in the company, valued at approximately $3,216,040.75. This trade represents a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,988 shares of company stock worth $6,627,318. 6.92% of the stock is owned by insiders.

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.