DA Davidson Expects Stronger Earnings for Customers Bancorp

Key Points

• DA Davidson has raised its FY2026 earnings per share (EPS) estimate for Customers Bancorp from $7.27 to $7.47, maintaining a "Buy" rating with a target price of $78.00.
• Customers Bancorp recently reported a quarterly EPS of $1.80, exceeding analysts' expectations of $1.50, and showing a 3.8% year-over-year increase in revenue.
• The stock is currently rated as a "Moderate Buy" by six analysts, with a consensus price target around $66.56.

Customers Bancorp, Inc (NYSE:CUBI - Free Report) - Investment analysts at DA Davidson raised their FY2026 earnings estimates for Customers Bancorp in a research note issued to investors on Monday, July 28th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $7.47 for the year, up from their prior estimate of $7.27. DA Davidson has a "Buy" rating and a $78.00 price target on the stock. The consensus estimate for Customers Bancorp's current full-year earnings is $6.45 per share.

A number of other research firms also recently weighed in on CUBI. Stephens raised their price target on shares of Customers Bancorp from $55.00 to $62.00 and gave the company an "equal weight" rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of Customers Bancorp from $70.00 to $71.00 and gave the company a "market perform" rating in a report on Monday. B. Riley raised their price target on shares of Customers Bancorp from $82.00 to $85.00 and gave the company a "buy" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.00.

Customers Bancorp Stock Down 2.0%

Shares of Customers Bancorp stock traded down $1.28 during midday trading on Tuesday, reaching $63.74. 295,847 shares of the company's stock traded hands, compared to its average volume of 373,569. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 15.78 and a beta of 1.55. The company's 50 day simple moving average is $57.86 and its 200 day simple moving average is $53.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98. Customers Bancorp has a 52 week low of $40.75 and a 52 week high of $67.19.

Customers Bancorp (NYSE:CUBI - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.30. Customers Bancorp had a net margin of 10.77% and a return on equity of 11.98%. The company had revenue of $206.31 million during the quarter, compared to the consensus estimate of $170.81 million. During the same quarter in the prior year, the firm earned $1.49 EPS. The company's revenue was up 3.8% compared to the same quarter last year.

Hedge Funds Weigh In On Customers Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Customers Bancorp during the 1st quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Customers Bancorp during the 4th quarter valued at about $46,000. GAMMA Investing LLC lifted its holdings in Customers Bancorp by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after purchasing an additional 403 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Customers Bancorp by 8.9% during the 4th 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 last quarter. Finally, Hsbc Holdings PLC bought a new position in Customers Bancorp during the 4th quarter valued at about $202,000. 89.29% of the stock is owned by institutional investors.

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.