Customers Bancorp, Inc $CUBI Shares Purchased by Sippican Capital Advisors

Sippican Capital Advisors increased its position in shares of Customers Bancorp, Inc (NYSE:CUBIFree Report) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,639 shares of the bank’s stock after acquiring an additional 1,815 shares during the period. Customers Bancorp makes up about 1.7% of Sippican Capital Advisors’ investment portfolio, making the stock its 18th largest position. Sippican Capital Advisors owned approximately 0.13% of Customers Bancorp worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CUBI. Jones Financial Companies Lllp acquired a new position in shares of Customers Bancorp in the 1st quarter valued at $37,000. GAMMA Investing LLC boosted its position in shares of Customers Bancorp by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,887 shares of the bank’s stock valued at $95,000 after purchasing an additional 403 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Customers Bancorp in the 1st quarter valued at $208,000. Teacher Retirement System of Texas acquired a new position in shares of Customers Bancorp in the 1st quarter valued at $219,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Customers Bancorp by 5.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,431 shares of the bank’s stock valued at $222,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CUBI. DA Davidson increased their price target on Customers Bancorp from $69.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, July 28th. B. Riley increased their price target on Customers Bancorp from $85.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Customers Bancorp in a research report on Wednesday. Zacks Research lowered Customers Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Keefe, Bruyette & Woods raised their price objective on Customers Bancorp from $71.00 to $76.00 and gave the stock a “market perform” rating in a research report on Friday, September 5th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.88.

View Our Latest Stock Report on CUBI

Customers Bancorp Stock Down 1.9%

Shares of Customers Bancorp stock opened at $63.82 on Friday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 15.80 and a beta of 1.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.98 and a quick ratio of 0.98. Customers Bancorp, Inc has a 52-week low of $40.75 and a 52-week high of $72.51. The stock has a 50-day simple moving average of $66.68 and a 200-day simple moving average of $58.30.

Customers Bancorp (NYSE:CUBIGet Free Report) last announced its quarterly earnings results on Monday, September 8th. The bank reported $1.80 earnings per share (EPS) for the quarter. The business had revenue of $206.82 million during the quarter. Customers Bancorp had a return on equity of 11.98% and a net margin of 10.77%. On average, equities research analysts expect that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal year.

Customers Bancorp Company Profile

(Free Report)

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 provides deposit banking products, which includes commercial and consumer checking, non-interest-bearing and interest-bearing demand, MMDA, savings, and time deposit accounts.

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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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