Research Analysts Set Expectations for Customers Bancorp, Inc.’s FY2025 Earnings (NYSE:CUBI)

Customers Bancorp, Inc. (NYSE:CUBI) – Equities researchers at B. Riley boosted their FY2025 earnings per share estimates for Customers Bancorp in a report released on Monday, July 29th. B. Riley analyst H. Goetsch now anticipates that the bank will earn $7.78 per share for the year, up from their prior forecast of $7.69. B. Riley has a “Buy” rating and a $78.00 price objective on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.45 per share.

Several other research analysts have also recently commented on CUBI. Jefferies Financial Group reduced their target price on Customers Bancorp from $59.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. DA Davidson raised their target price on Customers Bancorp from $71.00 to $79.00 and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $76.00 target price (up from $65.00) on shares of Customers Bancorp in a research report on Monday. Wedbush raised their target price on Customers Bancorp from $56.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Hovde Group dropped their price objective on Customers Bancorp from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.88.

Customers Bancorp Stock Down 6.4 %

CUBI opened at $60.37 on Wednesday. Customers Bancorp has a 1-year low of $31.16 and a 1-year high of $68.49. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.43 and a beta of 1.65. The business has a 50 day moving average of $50.65 and a 200-day moving average of $50.90.

Customers Bancorp (NYSE:CUBI) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. Customers Bancorp had a return on equity of 17.09% and a net margin of 17.38%. The company had revenue of $198.69 million during the quarter, compared to analysts’ expectations of $184.40 million. During the same period in the prior year, the business earned $1.65 earnings per share. Customers Bancorp’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Institutional Trading of Customers Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ridgewood Investments LLC acquired a new stake in Customers Bancorp in the second quarter worth about $48,000. GAMMA Investing LLC bought a new position in Customers Bancorp during the fourth quarter worth about $78,000. Innealta Capital LLC bought a new position in Customers Bancorp during the second quarter worth about $74,000. Aigen Investment Management LP bought a new position in Customers Bancorp during the fourth quarter worth about $209,000. Finally, Coldstream Capital Management Inc. bought a new position in Customers Bancorp during the fourth quarter worth about $218,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.