Customers Bancorp, Inc. (NYSE:CUBI) Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 1,866.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,713 shares of the bank’s stock after purchasing an additional 104,134 shares during the period. SG Americas Securities LLC’s holdings in Customers Bancorp were worth $5,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Customers Bancorp by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank’s stock valued at $95,000 after purchasing an additional 403 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Customers Bancorp by 29.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,798 shares of the bank’s stock valued at $3,690,000 after purchasing an additional 17,182 shares in the last quarter. Voloridge Investment Management LLC grew its position in Customers Bancorp by 82.4% during the fourth quarter. Voloridge Investment Management LLC now owns 128,207 shares of the bank’s stock valued at $6,241,000 after purchasing an additional 57,903 shares in the last quarter. Squarepoint Ops LLC grew its position in Customers Bancorp by 15.0% during the fourth quarter. Squarepoint Ops LLC now owns 154,474 shares of the bank’s stock valued at $7,520,000 after purchasing an additional 20,122 shares in the last quarter. Finally, Twinbeech Capital LP grew its position in Customers Bancorp by 1.4% during the fourth quarter. Twinbeech Capital LP now owns 75,363 shares of the bank’s stock valued at $3,669,000 after purchasing an additional 1,052 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Customers Bancorp Price Performance

Shares of Customers Bancorp stock opened at $51.81 on Friday. The firm has a fifty day simple moving average of $49.88 and a 200-day simple moving average of $51.30. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. Customers Bancorp, Inc. has a 1-year low of $40.75 and a 1-year high of $68.49. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.20 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.26. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. The business had revenue of $194.28 million during the quarter, compared to analysts’ expectations of $165.24 million. During the same period in the previous year, the company earned $1.68 earnings per share. On average, sell-side analysts expect that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Customers Bancorp from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, April 28th. B. Riley boosted their target price on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Customers Bancorp has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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