B. Riley Raises Earnings Forecast for Customers Bancorp

Equities research analysts at B. Riley have updated their earnings projections for Customers Bancorp, Inc. (NYSE:CUBI) regarding fiscal year 2025. In a report published on January 27th, analyst H. Goetsch increased the forecasted earnings per share (EPS) for the bank from $7.23 to $7.33. The firm maintains a "Buy" rating on the stock, alongside a price target of $80.00. This is in contrast to the consensus expectation for Customers Bancorp's current earnings, which stands at $5.63 per share.

Customers Bancorp recently released its quarterly earnings on January 23rd, where it reported an EPS of $1.36. This result surpassed the consensus estimate of $1.21 by $0.15. The bank showcased a net margin of 15.22% and a return on equity of 13.55%. This positive performance has contributed to a more favorable outlook from analysts.

Further commentary from other research analysts paints a mixed picture for Customers Bancorp. Raymond James lowered their price target from $80.00 to $70.00 while maintaining a "strong-buy" recommendation as of October 2nd. Meanwhile, Keefe, Bruyette & Woods raised their target from $62.00 to $67.00, issuing a "market perform" rating. Maxim Group has also revised their price target from $75.00 to $80.00, continuing to recommend the stock as a "buy." StockNews.com upgraded shares of Customers Bancorp from a "sell" to a "hold" rating in a review dated December 1st. Additionally, DA Davidson increased their target from $68.00 to $71.00 and categorized the stock as a "buy." Currently, six investment analysts have issued a hold rating, four have set a buy rating, and one has classified it as a strong buy, resulting in an average rating of "Moderate Buy" and a target price of $64.00 according to MarketBeat data.

Stock Performance Overview

On Wednesday, shares of CUBI opened at $56.99. The fifty-day simple moving average for the stock is $51.56, while the 200-day simple moving average is $51.03. As for financial ratios, the company has a current ratio of 0.93, a quick ratio of 0.92, and a debt-to-equity ratio of 0.78. The stock has experienced a 52-week low of $42.31 and a high of $68.49. Currently, the market capitalization of Customers Bancorp is $1.79 billion, and it has a price-to-earnings (PE) ratio of 9.25, with a beta value of 1.68.

Insider Trading Activity

Recent insider trading activity includes Glenn Hedde, who sold 5,002 shares of Customers Bancorp on November 6th at an average price of $53.68, realizing a total of $268,507.36. After this sale, he retains ownership of 66,256 shares valued at around $3.56 million. This represents a 7.02% reduction in his position. Additionally, Director Robert Neil Mackay sold 4,000 shares on November 20th at an average price of $53.78 for a total of $215,120. Following this transaction, he now holds 4,567 shares valued at about $245,613.26, a decrease of 46.69% in his ownership. In the last ninety days, insiders have sold a total of 96,440 shares worth approximately $5.43 million, and corporate insiders now own 6.92% of the stock.

Institutional Investment Trends

Several institutional investors have recently adjusted their holdings in Customers Bancorp. Sei Investments Co. increased its share count by 53.1% during Q2, now owning 132,048 shares valued at $6.34 million after acquiring an additional 45,818 shares. Bank of Montreal Can also raised its stake by 47.4%, owning 8,900 shares now worth $429,000 after adding 2,862 shares. The Manufacturers Life Insurance Company boosted its holdings by 5.8%, now having 15,164 shares valued at $728,000. Additionally, Mackenzie Financial Corp increased its stake by 10.4% and Susquehanna Fundamental Investments raised their holdings by 93.4%. Institutional investors collectively own 89.29% of the company's stock.

Company Overview

Customers Bancorp, Inc serves as the bank holding company for Customers Bank, providing a range of financial products and services to individual consumers and small to middle-market businesses. Among its offerings are deposit banking products, including various types of checking accounts, savings accounts, and time deposit accounts.

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