GAMMA Investing LLC Has $4.76 Million Stake in Customers Bancorp, Inc. (NYSE:CUBI)

GAMMA Investing LLC raised its stake in Customers Bancorp, Inc. (NYSE:CUBI) by 6,283.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,727 shares of the bank’s stock after buying an additional 93,243 shares during the quarter. GAMMA Investing LLC owned 0.30% of Customers Bancorp worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in Customers Bancorp by 104.1% in the 4th quarter. Millennium Management LLC now owns 160,300 shares of the bank’s stock valued at $7,803,000 after buying an additional 81,755 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Customers Bancorp in the 4th quarter valued at approximately $1,277,000. Envestnet Asset Management Inc. raised its position in Customers Bancorp by 20.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,777 shares of the bank’s stock valued at $865,000 after buying an additional 2,994 shares during the last quarter. Swiss National Bank raised its position in Customers Bancorp by 1.0% in the 4th quarter. Swiss National Bank now owns 59,200 shares of the bank’s stock valued at $2,882,000 after buying an additional 600 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Customers Bancorp in the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Stock Performance

Shares of NYSE CUBI opened at $53.32 on Wednesday. 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 12 month low of $40.75 and a 12 month high of $68.49. The stock has a 50 day moving average of $49.51 and a 200-day moving average of $51.33. The company has a market capitalization of $1.68 billion, a P/E ratio of 10.50 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI) last released its earnings results on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.26. The firm had revenue of $194.28 million during the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. During the same period in the prior year, the company posted $1.68 EPS. As a group, equities research analysts predict that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CUBI shares. B. Riley lifted their target price on Customers Bancorp from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Keefe, Bruyette & Woods decreased their price target on Customers Bancorp from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded Customers Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 6th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.