Customers Bancorp, Inc (NYSE:CUBI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned Customers Bancorp a consensus rating of "Moderate Buy" from 12 firms, with an average 12‑month price target of $87.50 and recent analyst targets ranging roughly from $71 to $95.
• The bank posted a quarterly earnings beat — $1.97 EPS vs. $1.88 expected — and revenue of $225.4M, up 57.9% year‑over‑year, indicating strong recent operating performance.
• Management authorized a $100.0 million share buyback (up to about 4% of shares), and institutional investors own roughly 89.3% of the stock, signaling notable investor confidence.

Customers Bancorp, Inc (NYSE:CUBI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $87.50.

A number of brokerages have recently issued reports on CUBI. DA Davidson increased their target price on Customers Bancorp from $91.00 to $93.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. dropped their target price on Customers Bancorp from $90.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Raymond James Financial reissued a "strong-buy" rating and issued a $95.00 target price on shares of Customers Bancorp in a report on Tuesday, January 6th. Piper Sandler reissued an "overweight" rating and issued a $86.00 target price (up from $82.00) on shares of Customers Bancorp in a report on Monday. Finally, Stephens raised Customers Bancorp from an "underweight" rating to an "equal weight" rating and set a $71.00 target price for the company in a report on Monday, March 16th.

Institutional Investors Weigh In On Customers Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Access Investment Management LLC increased its holdings in Customers Bancorp by 15.7% during the 3rd quarter. Access Investment Management LLC now owns 132,415 shares of the bank's stock valued at $8,656,000 after purchasing an additional 18,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Customers Bancorp by 23.4% during the 3rd quarter. Principal Financial Group Inc. now owns 179,762 shares of the bank's stock valued at $11,751,000 after purchasing an additional 34,081 shares in the last quarter. EJF Capital LLC acquired a new stake in Customers Bancorp during the 3rd quarter valued at $1,711,000. Allspring Global Investments Holdings LLC increased its holdings in Customers Bancorp by 5.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 421,852 shares of the bank's stock valued at $31,428,000 after purchasing an additional 23,129 shares in the last quarter. Finally, Fortress Investment Group LLC acquired a new stake in Customers Bancorp during the 3rd quarter valued at $2,860,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Customers Bancorp Trading Up 0.6%

Shares of CUBI opened at $76.30 on Friday. Customers Bancorp has a 1 year low of $49.38 and a 1 year high of $82.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $71.14 and a 200-day simple moving average of $71.69. The stock has a market cap of $2.57 billion, a PE ratio of 9.68 and a beta of 1.57.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its earnings results on Thursday, April 23rd. The bank reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.09. Customers Bancorp had a return on equity of 14.12% and a net margin of 18.63%.The business had revenue of $225.40 million during the quarter, compared to analysts' expectations of $223.51 million. During the same period in the prior year, the firm posted $1.54 EPS. Customers Bancorp's quarterly revenue was up 57.9% compared to the same quarter last year. On average, sell-side analysts predict that Customers Bancorp will post 8.5 EPS for the current fiscal year.

Customers Bancorp announced that its board has authorized a share buyback plan on Wednesday, February 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the bank to repurchase up to 4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Customers Bancorp Company Profile

Customers Bancorp, Inc NYSE: CUBI is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.

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