EP Wealth Advisors LLC Has $222,000 Holdings in Customers Bancorp, Inc $CUBI

EP Wealth Advisors LLC grew its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,431 shares of the bank’s stock after purchasing an additional 223 shares during the quarter. EP Wealth Advisors LLC’s holdings in Customers Bancorp were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Customers Bancorp by 11.5% during the first quarter. Royal Bank of Canada now owns 5,344 shares of the bank’s stock worth $269,000 after buying an additional 553 shares during the period. Cubist Systematic Strategies LLC boosted its position in Customers Bancorp by 164.9% during the first quarter. Cubist Systematic Strategies LLC now owns 78,561 shares of the bank’s stock valued at $3,944,000 after acquiring an additional 48,903 shares during the last quarter. Trexquant Investment LP grew its holdings in Customers Bancorp by 207.1% during the 1st quarter. Trexquant Investment LP now owns 107,559 shares of the bank’s stock worth $5,399,000 after acquiring an additional 72,540 shares during the period. Walleye Capital LLC grew its holdings in Customers Bancorp by 71.8% during the 1st quarter. Walleye Capital LLC now owns 10,983 shares of the bank’s stock worth $551,000 after acquiring an additional 4,589 shares during the period. Finally, Haverford Trust Co bought a new position in shares of Customers Bancorp in the 1st quarter worth about $249,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Trading Down 0.9%

Shares of Customers Bancorp stock opened at $67.27 on Wednesday. The stock has a market capitalization of $2.13 billion, a PE ratio of 16.65 and a beta of 1.62. Customers Bancorp, Inc has a 52 week low of $40.75 and a 52 week high of $72.51. The stock has a 50 day moving average price of $65.62 and a two-hundred day moving average price of $55.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.98 and a current ratio of 0.98.

Customers Bancorp (NYSE:CUBI) last issued its earnings results on Thursday, July 24th. The bank reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.30. The company had revenue of $206.31 million for the quarter, compared to analysts’ expectations of $170.81 million. Customers Bancorp had a return on equity of 11.98% and a net margin of 10.77%.Customers Bancorp’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.49 EPS. As a group, equities analysts anticipate that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on CUBI. DA Davidson upped their target price on Customers Bancorp from $69.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Stephens boosted their price target on Customers Bancorp from $55.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. B. Riley increased their price target on Customers Bancorp from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods raised their price objective on shares of Customers Bancorp from $71.00 to $76.00 and gave the stock a “market perform” rating in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Customers Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.88.

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.