B. Riley Analysts Boost Earnings Estimates for Customers Bancorp, Inc. (NYSE:CUBI)

Customers Bancorp, Inc. (NYSE:CUBI) – Equities researchers at B. Riley raised their FY2025 earnings estimates for shares of Customers Bancorp in a report issued on Monday, April 29th. B. Riley analyst H. Goetsch now forecasts that the bank will post earnings per share of $7.69 for the year, up from their previous forecast of $7.68. B. Riley has a “Buy” rating and a $77.00 price target on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.82 per share.

A number of other analysts also recently commented on the stock. Raymond James boosted their target price on shares of Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. Wedbush dropped their target price on shares of Customers Bancorp from $63.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Jefferies Financial Group boosted their target price on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.29.

Customers Bancorp Stock Up 0.9 %

CUBI stock opened at $46.06 on Tuesday. Customers Bancorp has a 52 week low of $15.80 and a 52 week high of $60.09. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 6.43 and a beta of 1.67. The firm’s 50-day moving average is $51.14 and its two-hundred day moving average is $49.41. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Friday, April 26th. The bank reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Customers Bancorp had a net margin of 16.88% and a return on equity of 18.17%. The company had revenue of $181.62 million for the quarter, compared to the consensus estimate of $183.48 million. During the same period in the previous year, the firm earned $1.58 EPS. Customers Bancorp’s revenue was up 8.1% on a year-over-year basis.

Insider Activity at Customers Bancorp

In other Customers Bancorp news, CFO Carla A. Leibold sold 35,832 shares of Customers Bancorp stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the sale, the chief financial officer now directly owns 41,224 shares in the company, valued at $2,191,055.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Customers Bancorp news, CFO Carla A. Leibold sold 35,832 shares of Customers Bancorp stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the sale, the chief financial officer now directly owns 41,224 shares in the company, valued at $2,191,055.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenn Hedde sold 666 shares of Customers Bancorp stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total transaction of $36,097.20. Following the completion of the sale, the insider now owns 69,428 shares of the company’s stock, valued at $3,762,997.60. The disclosure for this sale can be found here. 9.40% of the stock is currently owned by insiders.

Institutional Trading of Customers Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in shares of Customers Bancorp by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 20,202 shares of the bank’s stock worth $1,164,000 after buying an additional 205 shares during the last quarter. BluePath Capital Management LLC acquired a new position in Customers Bancorp during the 3rd quarter valued at $31,000. Raymond James Financial Services Advisors Inc. raised its stake in Customers Bancorp by 14.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,796 shares of the bank’s stock valued at $303,000 after purchasing an additional 1,125 shares during the last quarter. GAMMA Investing LLC acquired a new position in Customers Bancorp during the 4th quarter valued at $78,000. Finally, Yousif Capital Management LLC raised its stake in Customers Bancorp by 11.3% during the 4th quarter. Yousif Capital Management LLC now owns 15,582 shares of the bank’s stock valued at $898,000 after purchasing an additional 1,580 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.