FY2025 EPS Estimates for Customers Bancorp, Inc. (NYSE:CUBI) Lifted by B. Riley

Customers Bancorp, Inc. (NYSE:CUBI) – B. Riley lifted their FY2025 earnings per share estimates for shares of Customers Bancorp in a report released on Monday, April 29th. B. Riley analyst H. Goetsch now forecasts that the bank will earn $7.69 per share for the year, up from their previous estimate of $7.68. B. Riley currently has a “Buy” rating and a $77.00 target price on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.85 per share.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings results on Friday, April 26th. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.05. The company had revenue of $181.62 million during the quarter, compared to the consensus estimate of $183.48 million. Customers Bancorp had a return on equity of 18.17% and a net margin of 16.88%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 EPS.

Several other analysts also recently weighed in on CUBI. Raymond James increased their target price on Customers Bancorp from $65.00 to $72.00 and gave the company a “strong-buy” rating in a research note on Monday, January 29th. Wedbush decreased their target price on Customers Bancorp from $63.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, Jefferies Financial Group increased their target price on Customers Bancorp from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.29.

Customers Bancorp Price Performance

Shares of NYSE:CUBI opened at $45.67 on Tuesday. The business has a 50 day moving average price of $51.28 and a 200 day moving average price of $49.31. Customers Bancorp has a twelve month low of $15.80 and a twelve month high of $60.09. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 6.38 and a beta of 1.67. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.89.

Insiders Place Their Bets

In other news, insider Glenn Hedde sold 666 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $54.20, for a total value of $36,097.20. Following the completion of the transaction, the insider now directly owns 69,428 shares of the company’s stock, valued at approximately $3,762,997.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Customers Bancorp news, CFO Carla A. Leibold sold 35,832 shares of Customers Bancorp stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $53.15, for a total value of $1,904,470.80. Following the completion of the transaction, the chief financial officer now owns 41,224 shares in the company, valued at approximately $2,191,055.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Glenn Hedde sold 666 shares of Customers Bancorp stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total value of $36,097.20. Following the completion of the transaction, the insider now owns 69,428 shares of the company’s stock, valued at approximately $3,762,997.60. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Customers Bancorp

Institutional investors have recently bought and sold shares of the business. Cornercap Investment Counsel Inc. bought a new position in Customers Bancorp in the 4th quarter valued at $1,254,000. Assenagon Asset Management S.A. raised its position in shares of Customers Bancorp by 99.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 183,169 shares of the bank’s stock worth $10,554,000 after acquiring an additional 91,311 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Customers Bancorp during the third quarter worth $1,712,000. Numerai GP LLC bought a new stake in shares of Customers Bancorp during the third quarter worth $363,000. Finally, American Century Companies Inc. raised its position in shares of Customers Bancorp by 14.6% during the third quarter. American Century Companies Inc. now owns 364,767 shares of the bank’s stock worth $12,566,000 after acquiring an additional 46,347 shares during the last quarter. Institutional investors 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.