B. Riley Equities Analysts Boost Earnings Estimates for CUBI

Key Points

• B. Riley has raised its FY2025 earnings forecast for Customers Bancorp, increasing the estimate from $6.25 to $6.89 per share, while maintaining a "Buy" rating and a target price of $85.00.
• Customers Bancorp reported $1.80 earnings per share for the last quarter, surpassing estimates by $0.30, with a 10.77% net margin and revenue growth of 3.8% from the previous year.
• Recent analyst reports have resulted in price target increases from several firms, with the consensus rating for the stock being a "Moderate Buy" and a target price of $67.00.

Customers Bancorp, Inc (NYSE:CUBI - Free Report) - Stock analysts at B. Riley raised their FY2025 EPS estimates for shares of Customers Bancorp in a report released on Monday, July 28th. B. Riley analyst H. Goetsch now anticipates that the bank will earn $6.89 per share for the year, up from their prior forecast of $6.25. B. Riley has a "Buy" rating and a $85.00 price target on the stock. The consensus estimate for Customers Bancorp's current full-year earnings is $6.45 per share.

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

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of Customers Bancorp from $70.00 to $71.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. DA Davidson upped their price objective on shares of Customers Bancorp from $69.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Stephens upped 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, July 29th. Finally, Wall Street Zen raised shares of Customers Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Customers Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $67.00.

Customers Bancorp Stock Up 1.0%

Shares of CUBI traded up $0.60 during mid-day trading on Thursday, reaching $62.80. 164,757 shares of the stock traded hands, compared to its average volume of 305,810. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $58.09 and a 200 day simple moving average of $53.77. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 15.54 and a beta of 1.59. Customers Bancorp has a 12-month low of $40.75 and a 12-month high of $67.19.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CUBI. JPMorgan Chase & Co. raised its stake in Customers Bancorp by 33.1% during the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank's stock worth $20,912,000 after acquiring an additional 106,895 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Customers Bancorp in the fourth quarter valued at $2,960,000. Wells Fargo & Company MN increased its stake in shares of Customers Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 17,424 shares of the bank's stock valued at $848,000 after buying an additional 3,792 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Customers Bancorp by 20.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank's stock valued at $865,000 after acquiring an additional 2,994 shares during the last quarter. Finally, Gator Capital Management LLC raised its position in shares of Customers Bancorp by 135.0% during the fourth quarter. Gator Capital Management LLC now owns 178,801 shares of the bank's stock worth $8,704,000 after purchasing an additional 102,701 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.