Emerald Mutual Fund Advisers Trust Takes $9.48 Million Position in Customers Bancorp, Inc $CUBI

Emerald Mutual Fund Advisers Trust acquired a new stake in Customers Bancorp, Inc (NYSE:CUBIFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 145,032 shares of the bank’s stock, valued at approximately $9,481,000. Emerald Mutual Fund Advisers Trust owned about 0.46% of Customers Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CUBI. Hood River Capital Management LLC lifted its holdings in Customers Bancorp by 1.6% during the 2nd quarter. Hood River Capital Management LLC now owns 1,523,025 shares of the bank’s stock worth $89,462,000 after buying an additional 23,416 shares during the last quarter. American Century Companies Inc. increased its stake in Customers Bancorp by 5.6% during the second quarter. American Century Companies Inc. now owns 876,625 shares of the bank’s stock valued at $51,493,000 after purchasing an additional 46,602 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Customers Bancorp by 0.4% during the second quarter. Geode Capital Management LLC now owns 695,204 shares of the bank’s stock worth $40,841,000 after purchasing an additional 2,494 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Customers Bancorp by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 435,637 shares of the bank’s stock worth $25,589,000 after buying an additional 37,309 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Customers Bancorp by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 398,723 shares of the bank’s stock valued at $25,718,000 after buying an additional 28,928 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Stock Up 1.6%

Shares of Customers Bancorp stock opened at $81.49 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.98. Customers Bancorp, Inc has a 1-year low of $40.75 and a 1-year high of $82.56. The business’s fifty day moving average price is $73.26 and its two-hundred day moving average price is $68.51. The company has a market capitalization of $2.78 billion, a P/E ratio of 16.53 and a beta of 1.61.

Customers Bancorp (NYSE:CUBIGet Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. Customers Bancorp had a return on equity of 13.24% and a net margin of 12.43%.The company had revenue of $236.90 million for the quarter, compared to analyst estimates of $200.38 million. During the same period last year, the company earned $1.36 earnings per share. As a group, research analysts forecast that Customers Bancorp, Inc will post 6.45 EPS for the current year.

Wall Street Analysts Forecast Growth

CUBI has been the topic of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Customers Bancorp from $76.00 to $82.00 and gave the stock a “market perform” rating in a research note on Monday, October 27th. TD Cowen reissued a “buy” rating on shares of Customers Bancorp in a report on Monday, October 27th. DA Davidson boosted their price objective on Customers Bancorp from $77.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Stephens increased their target price on Customers Bancorp from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $95.00 price target on shares of Customers Bancorp in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

Read Our Latest Stock Analysis on Customers Bancorp

Customers Bancorp News Summary

Here are the key news stories impacting Customers Bancorp this week:

Insiders Place Their Bets

In other news, CEO Jay S. Sidhu sold 128,185 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $69.43, for a total value of $8,899,884.55. Following the completion of the sale, the chief executive officer directly owned 790,031 shares of the company’s stock, valued at approximately $54,851,852.33. This represents a 13.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bernard Bennett Banks sold 9,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $66.93, for a total transaction of $602,370.00. Following the completion of the transaction, the director owned 7,524 shares of the company’s stock, valued at $503,581.32. This trade represents a 54.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 211,900 shares of company stock worth $14,595,664. 8.69% of the stock is owned by corporate insiders.

Customers Bancorp Company Profile

(Free Report)

Customers Bancorp, Inc (NYSE: CUBI) is a bank holding company headquartered in Phoenixville, Pennsylvania, and the parent of Customers Bank, a federally chartered institution. The company offers a full suite of commercial and consumer banking services, combining traditional deposit and lending products with modern digital banking platforms. As a publicly traded entity, Customers Bancorp focuses on delivering tailored financial solutions to mid‐market companies, small businesses, professionals and individuals across the United States.

Through its commercial banking division, the company provides term loans, lines of credit, real estate financing, asset‐based lending and treasury management services.

Further Reading

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Institutional Ownership by Quarter for Customers Bancorp (NYSE:CUBI)

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