Customers Bancorp, Inc. (NYSE:CUBI – Free Report) – B. Riley boosted their FY2025 EPS estimates for shares of Customers Bancorp in a research report issued to clients and investors on Monday, January 27th. B. Riley analyst H. Goetsch now anticipates that the bank will post earnings per share of $7.33 for the year, up from their previous estimate of $7.23. B. Riley currently has a “Buy” rating and a $80.00 target price on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $5.63 per share.
Customers Bancorp (NYSE:CUBI – Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. Customers Bancorp had a return on equity of 13.55% and a net margin of 15.22%.
Read Our Latest Stock Report on Customers Bancorp
Customers Bancorp Stock Performance
Shares of NYSE CUBI opened at $57.41 on Wednesday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 9.32 and a beta of 1.68. The stock’s 50-day moving average is $51.63 and its 200 day moving average is $51.08. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78. Customers Bancorp has a 1-year low of $42.31 and a 1-year high of $68.49.
Insider Buying and Selling at Customers Bancorp
In related news, insider Glenn Hedde sold 5,002 shares of the stock in a transaction on 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 directly owns 66,256 shares of the company’s stock, valued at $3,556,622.08. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jay S. Sidhu sold 86,578 shares of Customers Bancorp stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $56.54, for a total value of $4,895,120.12. Following the completion of the sale, the chief executive officer now owns 1,090,598 shares of the company’s stock, valued at $61,662,410.92. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,440 shares of company stock worth $5,425,815. 6.92% of the stock is owned by corporate insiders.
Institutional Trading of Customers Bancorp
A number of institutional investors have recently made changes to their positions in CUBI. Basswood Capital Management L.L.C. purchased a new position in shares of Customers Bancorp during the third quarter valued at approximately $26,000. R Squared Ltd bought a new stake in Customers Bancorp in the 4th quarter worth approximately $42,000. KBC Group NV raised its stake in Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank’s stock valued at $73,000 after buying an additional 677 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Customers Bancorp by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,580 shares of the bank’s stock valued at $73,000 after buying an additional 282 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of Customers Bancorp by 143.4% in the 3rd quarter. Quest Partners LLC now owns 1,633 shares of the bank’s stock worth $76,000 after buying an additional 962 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
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.
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