Twinbeech Capital LP Raises Stock Holdings in Customers Bancorp, Inc. (NYSE:CUBI)

Twinbeech Capital LP grew its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,363 shares of the bank’s stock after buying an additional 1,052 shares during the quarter. Twinbeech Capital LP’s holdings in Customers Bancorp were worth $3,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CUBI. Hood River Capital Management LLC increased its position in Customers Bancorp by 40.1% in the fourth quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank’s stock worth $71,606,000 after buying an additional 421,335 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in Customers Bancorp in the fourth quarter worth about $7,672,000. Shellback Capital LP purchased a new stake in Customers Bancorp in the fourth quarter worth about $5,257,000. JPMorgan Chase & Co. increased its position in Customers Bancorp by 33.1% in the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank’s stock worth $20,912,000 after buying an additional 106,895 shares in the last quarter. Finally, Gator Capital Management LLC increased its position in Customers Bancorp by 135.0% in the fourth quarter. Gator Capital Management LLC now owns 178,801 shares of the bank’s stock worth $8,704,000 after buying an additional 102,701 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

CUBI has been the subject of several research analyst reports. Maxim Group increased their target price on Customers Bancorp from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stephens reiterated an “equal weight” rating and set a $58.00 target price on shares of Customers Bancorp in a research report on Friday, January 24th. DA Davidson increased their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods cut their target price on 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. Finally, B. Riley increased their target price on Customers Bancorp from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Customers Bancorp Price Performance

Shares of Customers Bancorp stock opened at $53.70 on Wednesday. The stock has a 50 day moving average of $49.36 and a 200 day moving average of $51.56. Customers Bancorp, Inc. has a 12 month low of $40.75 and a 12 month high of $68.49. The firm has a market cap of $1.70 billion, a PE ratio of 10.57 and a beta of 1.51. 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 (NYSE:CUBI) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.26. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. The company had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. During the same period in the prior year, the company earned $1.68 earnings per share. On average, research analysts expect that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

About Customers Bancorp

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.