DA Davidson Expects Reduced Earnings for Customers Bancorp

Customers Bancorp, Inc. (NYSE:CUBI) – Research analysts at DA Davidson decreased their FY2025 EPS estimates for shares of Customers Bancorp in a research report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $6.01 for the year, down from their previous estimate of $6.95. DA Davidson has a “Buy” rating and a $71.00 price target on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.45 per share.

A number of other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Customers Bancorp from $62.00 to $67.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Maxim Group boosted their target price on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $58.00 target price on shares of Customers Bancorp in a report on Friday, January 24th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Customers Bancorp Price Performance

Shares of NYSE:CUBI opened at $43.25 on Friday. Customers Bancorp has a 1-year low of $40.75 and a 1-year high of $68.49. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.36 billion, a PE ratio of 8.51 and a beta of 1.47. The stock’s fifty day simple moving average is $53.25 and its two-hundred day simple moving average is $50.95.

Customers Bancorp (NYSE:CUBI) last posted its 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 12.29% and a net margin of 13.07%.

Institutional Trading of Customers Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its position in shares of Customers Bancorp by 47.7% during the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank’s stock valued at $28,000 after buying an additional 189 shares during the period. R Squared Ltd bought a new stake in Customers Bancorp during the 4th quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Customers Bancorp in the 4th quarter worth approximately $46,000. KBC Group NV grew its position in shares of 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 purchasing an additional 677 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Customers Bancorp by 323.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank’s stock worth $80,000 after purchasing an additional 1,255 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at Customers Bancorp

In other news, CEO Jay S. Sidhu sold 33,173 shares of Customers Bancorp stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $57.25, for a total value of $1,899,154.25. Following the completion of the transaction, the chief executive officer now owns 1,032,723 shares in the company, valued at $59,123,391.75. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Glenn Hedde sold 15,815 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $58.25, for a total transaction of $921,223.75. Following the sale, the insider now owns 55,211 shares in the company, valued at $3,216,040.75. The trade was a 22.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,988 shares of company stock valued at $6,627,318. Company insiders own 6.92% 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.