B. Riley Predicts Higher Earnings for Customers Bancorp

Customers Bancorp, Inc. (NYSE:CUBI) – Equities research analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for Customers Bancorp in a report issued on Monday, January 27th. B. Riley analyst H. Goetsch now forecasts that the bank will earn $7.33 per share for the year, up from their previous forecast of $7.23. B. Riley has a “Buy” rating and a $80.00 price objective on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $5.63 per share.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.36 EPS for the quarter, beating the consensus estimate of $1.21 by $0.15. Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%.

Several other research analysts have also commented on CUBI. Raymond James cut their price objective on Customers Bancorp from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Customers Bancorp from $62.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday. Maxim Group upped their price target on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, DA Davidson upped their target price on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Customers Bancorp presently has an average rating of “Moderate Buy” and an average price target of $64.00.

Customers Bancorp Stock Performance

Shares of CUBI stock opened at $56.99 on Wednesday. The company’s fifty day simple moving average is $51.56 and its 200-day simple moving average is $51.03. 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 52 week low of $42.31 and a 52 week high of $68.49. The company has a market cap of $1.79 billion, a PE ratio of 9.25 and a beta of 1.68.

Insider Activity at Customers Bancorp

In other news, insider Glenn Hedde sold 5,002 shares of Customers Bancorp 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 owns 66,256 shares in the company, valued at approximately $3,556,622.08. This trade represents a 7.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Neil Mackay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $53.78, for a total value of $215,120.00. Following the completion of the sale, the director now owns 4,567 shares of the company’s stock, valued at $245,613.26. This trade represents a 46.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,440 shares of company stock valued at $5,425,815 over the last ninety days. Corporate insiders own 6.92% of the company’s stock.

Institutional Trading of Customers Bancorp

Several institutional investors have recently added to or reduced their stakes in CUBI. Sei Investments Co. boosted its holdings in shares of Customers Bancorp by 53.1% in the 2nd quarter. Sei Investments Co. now owns 132,048 shares of the bank’s stock valued at $6,336,000 after buying an additional 45,818 shares during the period. Bank of Montreal Can boosted its stake in Customers Bancorp by 47.4% in the second quarter. Bank of Montreal Can now owns 8,900 shares of the bank’s stock valued at $429,000 after acquiring an additional 2,862 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Customers Bancorp by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 15,164 shares of the bank’s stock valued at $728,000 after acquiring an additional 834 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Customers Bancorp by 10.4% during the second quarter. Mackenzie Financial Corp now owns 5,850 shares of the bank’s stock valued at $281,000 after purchasing an additional 549 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Customers Bancorp by 93.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 48,587 shares of the bank’s stock worth $2,331,000 after purchasing an additional 23,470 shares during the period. 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.