Customers Bancorp, Inc. (NYSE:CUBI) Expected to Earn Q1 2025 Earnings of $1.83 Per Share

Customers Bancorp, Inc. (NYSE:CUBI) – Analysts at Wedbush lowered their Q1 2025 earnings per share estimates for Customers Bancorp in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst D. Chiaverini now expects that the bank will earn $1.83 per share for the quarter, down from their prior estimate of $1.88. Wedbush currently has a “Outperform” rating and a $61.00 target price on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $6.46 per share.

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

Several other analysts also recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Customers Bancorp from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Raymond James increased their price target on Customers Bancorp from $65.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 29th. B. Riley lifted their price objective on Customers Bancorp from $62.00 to $77.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Hovde Group lowered their price objective on shares of 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

Customers Bancorp Trading Down 1.8 %

Shares of CUBI opened at $47.53 on Monday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 6.64 and a beta of 1.67. The company has a 50-day moving average of $50.62 and a 200 day moving average of $49.91. Customers Bancorp has a 1-year low of $16.41 and a 1-year high of $60.09. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.93 and a quick ratio of 0.91.

Insider Buying and Selling at Customers Bancorp

In other news, insider Glenn Hedde sold 666 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $54.20, for a total value of $36,097.20. Following the sale, the insider now directly owns 69,428 shares in the company, valued at approximately $3,762,997.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $53.15, for a total transaction of $1,904,470.80. Following the transaction, the chief financial officer now directly owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glenn Hedde sold 666 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly 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. 6.92% of the stock is owned by insiders.

Institutional Trading of Customers Bancorp

A number of institutional investors have recently bought and sold shares of CUBI. Cornercap Investment Counsel Inc. purchased a new position in shares of Customers Bancorp in the fourth quarter worth $1,254,000. Assenagon Asset Management S.A. raised its stake in Customers Bancorp by 99.4% in the 4th 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. acquired a new stake in Customers Bancorp during the 3rd quarter worth about $1,712,000. Numerai GP LLC purchased a new stake in Customers Bancorp during the 3rd quarter valued at about $363,000. Finally, American Century Companies Inc. increased its holdings in shares of Customers Bancorp by 14.6% in the third quarter. American Century Companies Inc. now owns 364,767 shares of the bank’s stock valued at $12,566,000 after purchasing an additional 46,347 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.