Nisa Investment Advisors LLC Acquires 270 Shares of Customers Bancorp, Inc (NYSE:CUBI)

Nisa Investment Advisors LLC boosted its holdings in Customers Bancorp, Inc (NYSE:CUBI) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,422 shares of the bank’s stock after acquiring an additional 270 shares during the period. Nisa Investment Advisors LLC’s holdings in Customers Bancorp were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Customers Bancorp during the fourth quarter worth $1,277,000. Raymond James Financial Inc. bought a new position in shares of Customers Bancorp during the fourth quarter valued at $2,543,000. Amundi raised its stake in shares of Customers Bancorp by 171.7% during the fourth quarter. Amundi now owns 14,246 shares of the bank’s stock valued at $671,000 after acquiring an additional 9,003 shares during the last quarter. Swiss National Bank boosted its stake in shares of 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 purchasing an additional 600 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Customers Bancorp by 120.6% in the 4th quarter. Intech Investment Management LLC now owns 55,916 shares of the bank’s stock valued at $2,722,000 after acquiring an additional 30,567 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Customers Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. B. Riley boosted their price target on shares of Customers Bancorp from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Customers Bancorp from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned 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 “Hold” and an average price target of $65.33.

Customers Bancorp Stock Performance

Shares of Customers Bancorp stock opened at $62.84 on Thursday. The business has a fifty day simple moving average of $55.55 and a two-hundred day simple moving average of $52.38. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.99 billion, a P/E ratio of 15.83 and a beta of 1.55. Customers Bancorp, Inc has a 12 month low of $40.75 and a 12 month high of $68.49.

Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, topping the consensus estimate of $1.28 by $0.26. The company 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 11.64% and a net margin of 10.51%. During the same period last year, the company earned $1.68 EPS. On average, equities analysts forecast that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal year.

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.