FY2025 EPS Estimate for Customers Bancorp Reduced by Analyst

Customers Bancorp, Inc. (NYSE:CUBI) – Analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Customers Bancorp in a report issued on Monday, November 4th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.82 for the year, down from their previous forecast of $7.24. DA Davidson has a “Buy” rating and a $79.00 price objective on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $5.98 per share.

CUBI has been the subject of several other reports. Wedbush downgraded Customers Bancorp from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $79.00 to $53.00 in a research report on Tuesday, September 24th. StockNews.com downgraded shares of Customers Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. B. Riley raised their price target on shares of Customers Bancorp from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Monday. Hovde Group lowered Customers Bancorp from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods lowered Customers Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $57.00 to $52.00 in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.88.

Customers Bancorp Trading Down 6.8 %

Shares of NYSE CUBI opened at $51.76 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.64 billion, a PE ratio of 8.40 and a beta of 1.61. Customers Bancorp has a twelve month low of $40.61 and a twelve month high of $68.49. The stock has a fifty day simple moving average of $47.19 and a 200-day simple moving average of $48.99.

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

Institutional Investors Weigh In On Customers Bancorp

Several large investors have recently modified their holdings of the company. Capstone Investment Advisors LLC acquired a new position in shares of Customers Bancorp in the 1st quarter valued at $220,000. Texas Permanent School Fund Corp raised its holdings in shares of Customers Bancorp by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 24,765 shares of the bank’s stock valued at $1,314,000 after buying an additional 353 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Customers Bancorp by 7.5% during the first quarter. Quantbot Technologies LP now owns 17,401 shares of the bank’s stock worth $923,000 after buying an additional 1,217 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Customers Bancorp by 7.9% during the first quarter. Empowered Funds LLC now owns 19,128 shares of the bank’s stock worth $1,015,000 after buying an additional 1,400 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Customers Bancorp by 208.5% in the 1st quarter. SG Americas Securities LLC now owns 21,632 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 14,621 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Glenn Hedde sold 5,002 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.68, for a total value of $268,507.36. Following the completion of the transaction, the insider now directly owns 66,256 shares of the company’s stock, valued at $3,556,622.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Glenn Hedde sold 5,002 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.68, for a total value of $268,507.36. Following the completion of the sale, the insider now directly owns 66,256 shares of the company’s stock, valued at $3,556,622.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Samvir S. Sidhu acquired 2,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $45.53 per share, for a total transaction of $113,825.00. Following the acquisition, the chief executive officer now owns 144,504 shares of the company’s stock, valued at approximately $6,579,267.12. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 6.92% of the stock is owned by company insiders.

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.