Wedbush downgraded Customers Bancorp from Outperform to Neutral and set a new price target of $53.00 from $79.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $57.00 → $52.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/24/2024 | $79.00 → $53.00 | Outperform → Neutral | Wedbush |
| 8/9/2024 | $49.00 | Outperform → Market Perform | Hovde Group |
| 5/2/2024 | $66.00 → $63.00 | Outperform | Hovde Group |
| 12/6/2023 | $62.00 | Buy | B. Riley Securities |
| 9/29/2023 | $60.00 | Strong Buy | Raymond James |
| 10/28/2022 | $42.00 → $44.00 | Neutral → Buy | DA Davidson |
| 9/28/2022 | $45.00 | Outperform | Wedbush |
Keefe Bruyette downgraded Customers Bancorp from Outperform to Mkt Perform and set a new price target of $52.00 from $57.00 previously
Wedbush downgraded Customers Bancorp from Outperform to Neutral and set a new price target of $53.00 from $79.00 previously
Hovde Group downgraded Customers Bancorp from Outperform to Market Perform and set a new price target of $49.00
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI), parent of Customers Bank, a digital-forward bank and one of the 80 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 27, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ended Dec. 31, 2025, and supporting a nonbinding "say on pay" proposal to approve the compensation of the company's named executive officers. "As we reflect on the past year, we are pleased with our progress and excited about the future of Customers Bank," said Customers Bancorp, Inc. Chair & CEO Jay Sidhu. "Our unique business model an
Customers Bancorp, Inc. (NYSE:CUBI) is redeeming, in whole, all 2,300,000 shares ($57.5 million) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (ticker "CUBIPrE") (the "Series E Preferred Stock") which had a current declared dividend rate of 9.70%. The redemption date for the Series E Preferred Stock Shares is June 16, 2025 (the "Series E Redemption Date"). The cash redemption price, payable on the Series E Redemption Date, for each share of Series E Preferred Stock, will equal $25. Because the redemption date is also a dividend payment date for the Series E Preferred Stock, the redemption price does not include declared and unpaid dividends. Holders of re
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.61304235 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 2025. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.58915485 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 2025. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing bank
Shareholders of Customers Bancorp, Inc. (NYSE:CUBI), parent of Customers Bank, a digital-forward bank and one of the 80 largest banks in the U.S., met in a virtual annual meeting on Tuesday, May 27, electing three directors, ratifying the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ended Dec. 31, 2025, and supporting a nonbinding "say on pay" proposal to approve the compensation of the company's named executive officers. "As we reflect on the past year, we are pleased with our progress and excited about the future of Customers Bank," said Customers Bancorp, Inc. Chair & CEO Jay Sidhu. "Our unique business model an
Financial industry veteran and former IRS Special Agent will strengthen BSA/AML processes, further Bank's commitment to risk management Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has appointed Allen Love as Chief Compliance and AML Officer. In this role, Love will be responsible for leading the Bank's enterprise-wide compliance program, ensuring it continues to evolve as regulatory expectations increase. Love will immediately begin work on strengthening Bank Secrecy Act and Anti-Money Laundering (BSA/AML) protocols for the company's digital asset business in support of the Bank's recent agreement with the Federal Reserve Bank of Philadelphia and t
Shareholders reelect three directors, support executive "Say on Pay" proposal, ratify appointment of accounting firm, approve amendment to stock incentive plan Customers Bancorp (NYSE:CUBI) (the "Company"), parent company of Customers Bank (the "Bank"), held its annual shareholder meeting today and shareholders approved all proposals put to a vote. Robert J. Buford, Rajeev V. Date and Jay S. Sidhu were reelected as directors. Buford will continue to serve as member of the Board's Audit and Risk Committees; Date will continue as chair of the Board's Regulatory Affairs Committee and member of its Risk Committee and the Bank's Compliance Committee; Sidhu will continue as Chairman and membe
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G - Customers Bancorp, Inc. (0001488813) (Subject)
SC 13G/A - Customers Bancorp, Inc. (0001488813) (Subject)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
4 - Customers Bancorp, Inc. (0001488813) (Issuer)
Customers Bancorp, Inc. (NYSE:CUBI) is redeeming, in whole, all 2,300,000 shares ($57.5 million) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (ticker "CUBIPrE") (the "Series E Preferred Stock") which had a current declared dividend rate of 9.70%. The redemption date for the Series E Preferred Stock Shares is June 16, 2025 (the "Series E Redemption Date"). The cash redemption price, payable on the Series E Redemption Date, for each share of Series E Preferred Stock, will equal $25. Because the redemption date is also a dividend payment date for the Series E Preferred Stock, the redemption price does not include declared and unpaid dividends. Holders of re
Customers Bancorp, Inc. (NYSE:CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE:CUBIPRE) of $0.61304235 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 2025. The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE:CUBIPRF) of $0.58915485 per share. The dividend is payable on June 16, 2025, to shareholders of record on May 31, 2025. Institutional Background Customers Bancorp, Inc. (NYSE:CUBI) is one of the nation's top-performing bank
Customers Bancorp, Inc. (NYSE:CUBI): First Quarter 2025 Highlights Q1 2025 net income available to common shareholders was $9.5 million, or $0.29 per diluted share; ROAA was 0.23% and ROCE was 2.23%. Q1 2025 core earnings*1 were $50.0 million, or $1.54 per diluted share; Core ROAA* was 0.97% and Core ROCE* was 11.72%. Q1 2025 net income available to common shareholders included $39.9 million of post-tax losses in connection with a securities portfolio repositioning to improve structural liquidity, enhance credit profile, reduce asset sensitivity and benefit margin. Total loans and leases held for investment grew by $611.7 million, or 4.2%, in Q1 2025 from Q4 2024. Total deposits
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
8-K - Customers Bancorp, Inc. (0001488813) (Filer)
10-Q - Customers Bancorp, Inc. (0001488813) (Filer)