Q1 2025 Earnings Forecast for Customers Bancorp, Inc. Issued By Wedbush (NYSE:CUBI)

Customers Bancorp, Inc. (NYSE:CUBI) – Stock analysts at Wedbush cut their Q1 2025 earnings estimates for shares of Customers Bancorp in a report released on Thursday, May 2nd. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $1.83 per share for the quarter, down from their previous forecast 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 announced its quarterly earnings results on Friday, April 26th. The bank reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Customers Bancorp had a net margin of 16.88% and a return on equity of 18.17%. The business had revenue of $181.62 million for the quarter, compared to analyst estimates of $183.48 million. During the same quarter in the prior year, the business earned $1.58 EPS. Customers Bancorp’s quarterly revenue was up 8.1% on a year-over-year basis.

A number of other brokerages have also commented on CUBI. Hovde Group decreased their price target on shares of Customers Bancorp from $66.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Customers Bancorp from $61.00 to $64.00 and gave the company a “buy” rating in a report on Monday, April 8th. B. Riley boosted their price objective on shares of Customers Bancorp from $62.00 to $77.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Raymond James boosted their price objective on shares of Customers Bancorp from $65.00 to $72.00 and gave the company a “strong-buy” rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.50.

Customers Bancorp Stock Up 1.8 %

Shares of CUBI opened at $48.25 on Monday. Customers Bancorp has a 52 week low of $15.80 and a 52 week high of $60.09. The firm has a market cap of $1.52 billion, a P/E ratio of 6.74 and a beta of 1.67. The firm’s 50-day simple moving average is $50.83 and its 200 day simple moving average is $49.69. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.93.

Hedge Funds Weigh In On Customers Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUBI. Wellington Management Group LLP increased its position in Customers Bancorp by 28.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,132,205 shares of the bank’s stock valued at $73,454,000 after acquiring an additional 475,907 shares during the period. Access Investment Management LLC acquired a new position in Customers Bancorp in the 4th quarter valued at approximately $16,194,000. Federated Hermes Inc. increased its position in Customers Bancorp by 3,784.1% in the 4th quarter. Federated Hermes Inc. now owns 138,196 shares of the bank’s stock valued at $7,963,000 after acquiring an additional 134,638 shares during the period. Assenagon Asset Management S.A. increased its position 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 valued at $10,554,000 after acquiring an additional 91,311 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Customers Bancorp in the 4th quarter valued at approximately $3,680,000. Institutional investors own 89.29% of the company’s stock.

Insider Transactions at Customers Bancorp

In other news, CFO Carla A. Leibold sold 35,832 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.15, for a total transaction of $1,904,470.80. Following the completion of the sale, the chief financial officer now owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Carla A. Leibold sold 35,832 shares of the stock in a transaction that occurred 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 owns 41,224 shares of the company’s stock, valued at approximately $2,191,055.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Glenn Hedde sold 666 shares of the stock in a transaction that occurred 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 approximately $3,762,997.60. The disclosure for this sale can be found here. 9.40% of the stock is currently owned by insiders.

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.