Customers Bancorp, Inc (NYSE:CUBI – Free Report) – Equities researchers at DA Davidson raised their FY2026 earnings per share (EPS) estimates for Customers Bancorp in a report issued on Monday, July 28th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $7.47 per share for the year, up from their prior forecast of $7.27. DA Davidson currently has a “Buy” rating and a $78.00 target price on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.45 per share.
Other equities analysts have also issued research reports about the company. B. Riley boosted their price objective on Customers Bancorp from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Stephens boosted their price objective on Customers Bancorp from $55.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on Customers Bancorp from $70.00 to $71.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Wall Street Zen raised Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.00.
Customers Bancorp Stock Performance
Shares of NYSE:CUBI opened at $64.93 on Tuesday. The business’s 50 day moving average price is $57.34 and its 200-day moving average price is $53.40. The firm has a market capitalization of $2.05 billion, a PE ratio of 16.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. Customers Bancorp has a 1 year low of $40.75 and a 1 year high of $67.19.
Customers Bancorp (NYSE:CUBI – Get Free Report) last issued its quarterly 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. The firm had revenue of $206.31 million for the quarter, compared to analyst estimates of $170.81 million. Customers Bancorp had a return on equity of 11.98% and a net margin of 10.77%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share.
Hedge Funds Weigh In On Customers Bancorp
Several large investors have recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new stake in shares of Customers Bancorp in the 1st quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Customers Bancorp in the 4th quarter valued at $46,000. GAMMA Investing LLC raised its holdings in shares of Customers Bancorp by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank’s stock valued at $95,000 after buying an additional 403 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Customers Bancorp by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank’s stock valued at $151,000 after buying an additional 254 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Customers Bancorp in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
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.
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