Customers Bancorp: Keefe, Bruyette & Woods maintains Market Perform, raises PT to $76.

Customers Bancorp: Keefe, Bruyette & Woods maintains Market Perform, raises PT to $76.

September 02, 2025 - Keefe, Bruyette & Woods (KBW) has updated its rating for Customers Bancorp (NYSE: CUBI) to "Market Perform" and raised its price target to $76, according to a recent report [3]. The update comes after the bank announced a $150 million common stock offering, which was priced at $68.50 per share [1].

The stock offering, which was priced at a 5.4% discount to the stock's last close, is expected to raise gross proceeds of approximately $150 million. The funds will be used for general corporate purposes, including debt repayment, stock repurchase, and redeeming preferred stock [2]. Despite the offering, CUBI's stock remains strong, up 47.1% year-to-date, and is trading near its 52-week high of $72.43 [3].

The update from KBW reflects the bank's strong financial performance and expanding market presence. In the second quarter of 2025, CUBI reported earnings per share (EPS) of $1.80, significantly exceeding analysts' expectations [2]. The company's revenue also outperformed projections, reaching $206.31 million compared to the anticipated $197.19 million. Additionally, the bank's quarterly performance was marked by a 14 basis point increase in net interest margin and better-than-expected fee income [2].

The stock offering announcement comes as CUBI continues its expansion in the banking sector. The transaction is subject to market conditions and other factors, with no assurance regarding the timing or completion of the offering [2]. Despite the recent drop in stock price due to the offering, CUBI's stock performance remains strong for the year.

References:
[1] Reuters. (2025). Customers Bancorp CUBI falls after $150 million share sale. [URL](https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3UR0QS:0-customers-bancorp-falls-after-150-million-share-sale/)
[2] Investing.com. (2025). Customers Bancorp launches $150 million common stock offering. [URL](https://www.investing.com/news/company-news/customers-bancorp-launches-150-million-common-stock-offering-93CH-4222926)
[3] IndexBox. (2025). Customers Bancorp stock drops 38 on public offering news. [URL](https://www.indexbox.io/blog/customers-bancorp-stock-drops-38-on-public-offering-news/)