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Customers Bancorp (CUBI)

Company Profile

Company profile

Ticker

CUBI, CUBI-PF, CUBI-PE, CUBB

Exchange

Website

www.customersbank.com

CEO

Mr. Jay S. Sidhu

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

The Bank of New York Mellon Corporation • State Street • Ally Financial • Citizens Financial • Northern Trust • M&T Bank • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • Commerce Bancshares ...

Former names

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SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

272290659

CUBI stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$62.50

Low target

$53.00

High target

$80.00

Keefe, Bruyette & Woods

B. Riley Securities

Wedbush

Downgraded

Neutral

$53.00

24 Sep 24

Latest filings (excl ownership)

View all

Quarterly report

12 Nov 24

Customers Bancorp Reports Results for Third Quarter 2024

Customers Bank bolsters executive team with new C-suite appointments, sets stage for continued deposit growth, momentum

Registration of securities for employees

Customers Bancorp Reports Results for Second Quarter 2024

Customers Bancorp Announces Common Stock Repurchase Plan

Departure of Directors or Certain Officers

Quarterly report

9 May 24

Customers Bancorp Reports Results for First Quarter

Departure of Directors or Certain Officers

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Steven J Zuckerman

DANIEL K ROTHERMEL

ROBERT J BUFORD

Bernard Bennett Banks

Robert Neil Mackay

Andrea R. Allon

Thomas Henry Kasulka

Robert Neil Mackay

Financial summary

Financial statements Chart CUBI financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2024

CUBI institutional ownership history Ownership history

43.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	119	206	-42.2%
Opened positions	33	57	-42.1%
Closed positions	120	45	+166.7%
Increased positions	43	59	-27.1%
Reduced positions	27	59	-54.2%

13F shares	Current	Prev Q	Change
Total value	393.78 bn	1.28 tn	-69.2%
Total shares	13.49 mm	26.96 mm	-50.0%
Total puts	29.40 k	238.00 k	-87.6%
Total calls	47.90 k	175.60 k	-72.7%
Total put/call ratio	0.6	1.4	-54.7%

Largest owners	Shares	Value	Change
Wellington Management	3.22 mm	$154.64 mm	+57.3%
Bay Pond Partners	1.77 mm	$82.92 mm	+11.1%
STT State Street	1.61 mm	$77.34 bn	+2.7%
MS Morgan Stanley	533.40 k	$25.59 bn	-11.3%
Philadelphia Financial Management of San Francisco	491.24 k	$23.57 bn	+64.3%
Driehaus Capital Management	468.46 k	$22.48 bn	-22.2%
Aristotle Capital Boston	396.80 k	$19.04 bn	-1.4%
Access Investment Management	281.43 k	$13.50 bn	+0.1%
BK The Bank of New York Mellon Corporation	261.91 k	$12.57 bn	+0.3%
Assenagon Asset Management	253.95 k	$12.18 bn	+252.1%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-4.57 mm	EXIT
Dimensional Fund Advisors	0.00	-2.22 mm	EXIT
Vanguard	0.00	-2.19 mm	EXIT
Wellington Management	3.22 mm	+1.17 mm	+57.3%
JPM JPMorgan Chase & Co.	0.00	-636.16 k	EXIT
Geode Capital Management	0.00	-628.26 k	EXIT
American Century Companies	0.00	-599.27 k	EXIT
Nuveen Asset Management	0.00	-573.69 k	EXIT
IVZ Invesco	0.00	-347.60 k	EXIT
LSV Asset Management	0.00	-327.20 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CUBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Dec 24	Allon Andrea R.	Common Stock	Grant	Acquire A	No	No	53.51	812	43.45 k	36,438
16 Dec 24	Zuckerman Steven J	Common Stock	Grant	Acquire A	No	No	53.51	897	48.00 k	68,289
16 Dec 24	Rothermel Daniel K	Common Stock	Grant	Acquire A	No	No	53.51	625	33.44 k	112,051
16 Dec 24	Date Rajeev V	Common Stock	Grant	Acquire A	No	No	53.51	625	33.44 k	6,275
16 Dec 24	Robert J Buford	Common Stock	Grant	Acquire A	No	No	53.51	952	50.94 k	19,330

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

A Glimpse Into The Expert Outlook On Customers Bancorp Through 7 Analysts

Keefe, Bruyette & Woods Maintains Market Perform on Customers Bancorp, Raises Price Target to $62

Keefe, Bruyette & Woods analyst Kelly Motta maintains Customers Bancorp (NYSE:CUBI) with a Market Perform and raises the price target from $52 to $62.

Stephens & Co. Maintains Equal-Weight on Customers Bancorp, Raises Price Target to $55

Stephens & Co. analyst Matt Breese maintains Customers Bancorp (NYSE:CUBI) with a Equal-Weight and raises the price target from $53 to $55.

B. Riley Securities Maintains Buy on Customers Bancorp, Raises Price Target to $80

Piper Sandler Maintains Neutral on Customers Bancorp, Lowers Price Target to $55

Press releases

From Benzinga Pro

DEADLINE ALERT for RTO, CUBI, SYM, AEHR: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

BENSALEM, Pa., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

CUBI Investors Have Opportunity to Lead Customers Bancorp, Inc. Securities Fraud Lawsuit with the Schall Law Firm

LOS ANGELES, Dec.

CUSTOMERS BANCORP, INC. (NYSE: CUBI) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Customers Bancorp, Inc. Investors of Upcoming Deadline

NEW YORK, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Customers Bancorp, Inc. (NYSE:CUBI)?Did you purchase your shares between March 1, 2024 and August 8, 2024,

Customers Bancorp, Inc. Class Action: The Gross Law Firm Reminds Customers Bancorp, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 31, 2025 - CUBI

CUBI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Customers Bancorp, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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