MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 645 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,839 shares of the bank’s stock after purchasing an additional 645 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Customers Bancorp worth $820,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Hood River Capital Management LLC lifted its holdings in Customers Bancorp by 40.1% during the fourth quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank’s stock valued at $71,606,000 after purchasing an additional 421,335 shares in the last quarter. Heartland Advisors Inc. purchased a new position in shares of Customers Bancorp during the 4th quarter valued at $7,672,000. JPMorgan Chase & Co. boosted its holdings in Customers Bancorp by 33.1% in the 4th 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 during the period. Gator Capital Management LLC increased its stake in Customers Bancorp by 135.0% in the 4th 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. Finally, Allspring Global Investments Holdings LLC raised its holdings in Customers Bancorp by 46.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 285,368 shares of the bank’s stock valued at $13,621,000 after acquiring an additional 90,451 shares during the period. Institutional investors own 89.29% of the company’s stock.

Customers Bancorp Trading Down 0.8%

CUBI opened at $50.75 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The stock’s 50 day moving average price is $49.36 and its 200-day moving average price is $51.59. Customers Bancorp, Inc. has a one year low of $40.75 and a one year high of $68.49. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 9.99 and a beta of 1.51.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $165.24 million. During the same quarter in the prior year, the company posted $1.68 EPS. On average, equities analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Wall Street Analyst Weigh In

CUBI has been the subject of several recent analyst reports. B. Riley upped their price target on Customers Bancorp from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Keefe, Bruyette & Woods dropped 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. Wall Street Zen downgraded shares of Customers Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Maxim Group increased their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, DA Davidson lifted their target price on Customers Bancorp from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.00.

Customers Bancorp Company 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.