DA Davidson Has Bullish Estimate for CUBI FY2025 Earnings

Customers Bancorp, Inc. (NYSE:CUBI - Free Report) - Investment analysts at DA Davidson raised their FY2025 EPS estimates for Customers Bancorp in a report issued on Monday, April 28th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $6.28 for the year, up from their prior estimate of $6.01. 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 research analysts also recently issued reports on CUBI. Maxim Group lifted their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Stephens restated an "equal weight" rating and set a $58.00 target price on shares of Customers Bancorp in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.80.

Customers Bancorp Stock Down 0.2 %

NYSE CUBI traded down $0.08 during midday trading on Wednesday, hitting $51.44. 76,385 shares of the company traded hands, compared to its average volume of 365,459. The company has a market cap of $1.62 billion, a PE ratio of 10.13 and a beta of 1.51. 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's 50-day simple moving average is $48.89 and its 200-day simple moving average is $51.01. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $68.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, beating the consensus estimate of $1.28 by $0.26. The business had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same quarter in the previous year, the business posted $1.68 EPS.

Institutional Trading of Customers Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management grew its stake in Customers Bancorp by 47.7% in the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after acquiring an additional 189 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Customers Bancorp by 8.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after purchasing an additional 254 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Customers Bancorp by 3.8% during the first quarter. Nisa Investment Advisors LLC now owns 7,422 shares of the bank's stock worth $373,000 after purchasing an additional 270 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Customers Bancorp by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock worth $473,000 after purchasing an additional 302 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Customers Bancorp by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock valued at $272,000 after buying an additional 333 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jay S. Sidhu sold 67,000 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.82, for a total value of $3,806,940.00. Following the completion of the transaction, the chief executive officer now owns 965,723 shares of the company's stock, valued at approximately $54,872,380.86. This represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.