DA Davidson Analysts Decrease Earnings Estimates for CUBI

Customers Bancorp, Inc. (NYSE:CUBI) – DA Davidson decreased their FY2025 EPS estimates for shares of Customers Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $5.67 per share for the year, down from their prior estimate of $5.82. The consensus estimate for Customers Bancorp’s current full-year earnings is $5.63 per share.

Customers Bancorp (NYSE:CUBI) last released its earnings results on Thursday, October 31st. The bank reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.09). Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%. The business had revenue of $167.10 million for the quarter, compared to analysts’ expectations of $191.61 million. During the same quarter in the previous year, the business posted $2.59 earnings per share. Customers Bancorp’s revenue for the quarter was down 23.2% on a year-over-year basis.

A number of other brokerages also recently issued reports on CUBI. Piper Sandler cut their price target on Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Stephens boosted their target price on shares of Customers Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Customers Bancorp from $52.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. B. Riley upped their price target on shares of Customers Bancorp from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Raymond James decreased their target price on shares of Customers Bancorp from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.22.

Customers Bancorp Stock Up 1.6 %

Shares of Customers Bancorp stock opened at $47.71 on Friday. The stock has a market capitalization of $1.50 billion, a PE ratio of 7.75 and a beta of 1.65. Customers Bancorp has a 52-week low of $42.31 and a 52-week high of $68.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.92 and a current ratio of 0.93. The company has a 50-day simple moving average of $51.53 and a two-hundred day simple moving average of $50.48.

Insider Activity

In related news, CEO Jay S. Sidhu sold 860 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $54.73, for a total value of $47,067.80. Following the completion of the transaction, the chief executive officer now directly owns 1,189,738 shares of the company’s stock, valued at $65,114,360.74. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glenn Hedde sold 5,002 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $53.68, for a total transaction of $268,507.36. Following the sale, the insider now owns 66,256 shares in the company, valued at $3,556,622.08. This trade represents a 7.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,440 shares of company stock worth $5,425,815. 6.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Customers Bancorp

Several large investors have recently modified their holdings of the stock. Basswood Capital Management L.L.C. acquired a new stake in shares of Customers Bancorp during the third quarter valued at approximately $26,000. Ridgewood Investments LLC bought a new stake in shares of Customers Bancorp in the 2nd quarter valued at approximately $48,000. GAMMA Investing LLC grew its position in Customers Bancorp by 21.7% in the third quarter. GAMMA Investing LLC now owns 1,580 shares of the bank’s stock worth $73,000 after acquiring an additional 282 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Customers Bancorp during the 2nd quarter worth about $74,000. Finally, Quest Partners LLC grew its holdings in Customers Bancorp by 143.4% during the third quarter. Quest Partners LLC now owns 1,633 shares of the bank’s stock valued at $76,000 after purchasing an additional 962 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

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.