Customers Bancorp, Inc. (NYSE:CUBI – Get Rating) – Equities researchers at DA Davidson upped their FY2022 earnings per share (EPS) estimates for shares of Customers Bancorp in a report issued on Monday, October 31st. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $8.05 per share for the year, up from their previous forecast of $7.75. DA Davidson has a “Buy” rating and a $44.00 price objective on the stock. The consensus estimate for Customers Bancorp’s current full-year earnings is $7.69 per share. DA Davidson also issued estimates for Customers Bancorp’s FY2023 earnings at $6.57 EPS.
Several other research analysts also recently commented on CUBI. StockNews.com assumed coverage on Customers Bancorp in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Stephens lowered their price objective on Customers Bancorp from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 2nd. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Customers Bancorp in a research report on Wednesday, September 28th. Jefferies Financial Group lowered their price objective on Customers Bancorp from $63.00 to $48.00 in a research report on Monday, July 11th. Finally, B. Riley lowered their price objective on Customers Bancorp from $90.00 to $85.00 in a research report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.
Customers Bancorp Stock Performance
Shares of NYSE CUBI opened at $33.69 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $32.69 and its two-hundred day moving average is $36.49. The company has a market cap of $1.09 billion, a P/E ratio of 3.93 and a beta of 1.59. Customers Bancorp has a 12 month low of $29.21 and a 12 month high of $76.13.
Institutional Trading of Customers Bancorp
A number of large investors have recently bought and sold shares of CUBI. Meeder Asset Management Inc. acquired a new position in Customers Bancorp in the first quarter worth $39,000. Robeco Institutional Asset Management B.V. acquired a new position in Customers Bancorp in the first quarter worth $123,000. KBC Group NV acquired a new position in Customers Bancorp in the second quarter worth $89,000. Steward Partners Investment Advisory LLC acquired a new position in Customers Bancorp in the first quarter worth $141,000. Finally, Wipfli Financial Advisors LLC acquired a new position in Customers Bancorp in the third quarter worth $82,000. 86.12% of the stock is currently owned by institutional investors.
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 offers deposits products, including checking, savings, MMDA, and other deposits accounts. It offers loan products, including commercial mortgage warehouse loans, multi-family and commercial real estate loans, business banking, small business loans, equipment financing, residential mortgage loans, and installment loans.
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