B. Riley Analysts Boost Earnings Estimates for Customers Bancorp, Inc. (NYSE:CUBI)

Customers Bancorp, Inc. (NYSE:CUBI) – Equities researchers at B. Riley upped their FY2025 earnings per share (EPS) estimates for shares of Customers Bancorp in a report released on Monday, April 29th. B. Riley analyst H. Goetsch now expects that the bank will earn $7.69 per share for the year, up from their prior estimate of $7.68. B. Riley has a “Buy” rating and a $77.00 price target on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.82 per share.

A number of other research firms have also recently issued reports on CUBI. Raymond James increased their target price on Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 29th. Wedbush decreased their price target on shares of 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 raised their price target on shares of Customers Bancorp from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Customers Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.29.

Customers Bancorp Price Performance

NYSE CUBI opened at $46.06 on Tuesday. The business has a 50 day simple moving average of $51.14 and a 200 day simple moving average of $49.41. Customers Bancorp has a 52-week low of $15.80 and a 52-week high of $60.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.93. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 6.43 and a beta of 1.67.

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

Hedge Funds Weigh In On Customers Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in Customers Bancorp during the 3rd quarter valued at $31,000. GAMMA Investing LLC acquired a new stake in Customers Bancorp during the 4th quarter valued at $78,000. C M Bidwell & Associates Ltd. acquired a new stake in Customers Bancorp during the 3rd quarter valued at $112,000. Federated Hermes Inc. lifted its holdings in Customers Bancorp by 29,550.0% during the 3rd quarter. Federated Hermes Inc. now owns 3,558 shares of the bank’s stock valued at $123,000 after purchasing an additional 3,546 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Customers Bancorp during the 4th quarter valued at $209,000. 89.29% of the stock is owned by institutional investors.

Insider Transactions at Customers Bancorp

In related news, insider Glenn Hedde sold 666 shares of the firm’s 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 directly owns 69,428 shares of the company’s stock, valued at $3,762,997.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Carla A. Leibold sold 35,832 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were 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 directly owns 41,224 shares of the company’s stock, valued at $2,191,055.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn Hedde sold 666 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total transaction 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 $3,762,997.60. The disclosure for this sale can be found here. Company insiders own 9.40% 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.