DA Davidson Analysts Decrease Earnings Estimates for CUBI

Customers Bancorp, Inc. (NYSE:CUBI) – Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Customers Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings per share of $5.67 for the year, down from their prior forecast of $5.82. 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, October 31st. The bank reported $1.34 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.09). Customers Bancorp had a net margin of 15.22% and a return on equity of 13.55%. The business had revenue of $167.10 million during the quarter, compared to analysts’ expectations of $191.61 million. During the same quarter last year, the firm earned $2.59 EPS. The firm’s quarterly revenue was down 23.2% compared to the same quarter last year.

Several other equities research analysts also recently commented on the company. StockNews.com upgraded Customers Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, December 1st. Raymond James reduced their target price on shares of 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 raised their price target on shares of Customers Bancorp from $52.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens boosted their price objective on shares of Customers Bancorp from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Piper Sandler lowered their target price on Customers Bancorp from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Customers Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $62.22.

Customers Bancorp Stock Performance

Shares of NYSE:CUBI opened at $46.98 on Friday. The firm has a market capitalization of $1.47 billion, a PE ratio of 7.63 and a beta of 1.65. Customers Bancorp has a 12 month low of $42.31 and a 12 month high of $68.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.93 and a quick ratio of 0.92. The business has a 50-day moving average of $51.49 and a two-hundred day moving average of $50.48.

Insider Transactions at Customers Bancorp

In other Customers Bancorp news, CEO Jay S. Sidhu sold 86,578 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $56.54, for a total transaction of $4,895,120.12. Following the completion of the sale, the chief executive officer now owns 1,090,598 shares of the company’s stock, valued at $61,662,410.92. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Neil Mackay sold 4,000 shares of the 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 transaction, the director now owns 4,567 shares in the company, valued at approximately $245,613.26. This trade represents a 46.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,440 shares of company stock valued at $5,425,815. 6.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of Customers Bancorp by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 62,515 shares of the bank’s stock worth $3,011,000 after purchasing an additional 2,060 shares during the period. Sanctuary Advisors LLC grew its position in Customers Bancorp by 12.8% during the third quarter. Sanctuary Advisors LLC now owns 9,412 shares of the bank’s stock worth $437,000 after buying an additional 1,066 shares in the last quarter. Geode Capital Management LLC boosted its stake in Customers Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 687,130 shares of the bank’s stock worth $31,924,000 after buying an additional 17,941 shares in the last quarter. Barclays PLC increased its holdings in Customers Bancorp by 46.9% in the 3rd quarter. Barclays PLC now owns 89,879 shares of the bank’s stock valued at $4,175,000 after buying an additional 28,683 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Customers Bancorp during the 3rd quarter worth about $736,000. 89.29% of the stock is owned by institutional investors.

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.