American Century Companies Inc. acquired a new stake in Customers Bancorp, Inc (NYSE:CUBI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 47,673 shares of the bank’s stock, valued at approximately $1,348,000. American Century Companies Inc. owned 0.16% of Customers Bancorp as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of CUBI. SG Americas Securities LLC acquired a new position in shares of Customers Bancorp in the 2nd quarter valued at approximately $123,000. Nisa Investment Advisors LLC grew its position in shares of Customers Bancorp by 8.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,600 shares of the bank’s stock valued at $158,000 after purchasing an additional 450 shares during the period. State of Alaska Department of Revenue grew its position in shares of Customers Bancorp by 80.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,657 shares of the bank’s stock valued at $159,000 after purchasing an additional 2,517 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Customers Bancorp by 10.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the bank’s stock valued at $161,000 after purchasing an additional 479 shares during the period. Finally, US Bancorp DE grew its position in shares of Customers Bancorp by 8.3% in the 1st quarter. US Bancorp DE now owns 5,890 shares of the bank’s stock valued at $186,000 after purchasing an additional 450 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.
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Several equities analysts recently issued reports on CUBI shares. Zacks Investment Research lowered Customers Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub lowered Customers Bancorp from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of Customers Bancorp in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.50.
Customers Bancorp, Inc (NYSE:CUBI) opened at 28.60 on Friday. The firm’s 50-day moving average price is $28.48 and its 200-day moving average price is $29.66. The firm has a market cap of $878.88 million, a P/E ratio of 11.70 and a beta of 0.65. Customers Bancorp, Inc has a 52-week low of $24.37 and a 52-week high of $36.93.
Customers Bancorp (NYSE:CUBI) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.16. The firm had revenue of $68.62 million during the quarter, compared to the consensus estimate of $67.14 million. Customers Bancorp had a return on equity of 15.93% and a net margin of 22.81%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. Equities research analysts expect that Customers Bancorp, Inc will post $2.67 EPS for the current year.
Customers Bancorp Profile
Customers Bancorp, Inc (Customers Bancorp) is a bank holding company engaged in banking activities through its subsidiary, Customers Bank (the Bank). The Bank provides financial products and services to small and middle market businesses, not-for-profits, and consumers through its branches and offices in Southeastern Pennsylvania (Bucks, Berks, Chester, Delaware and Philadelphia Counties), Rye Brook, Melville and New York, New York (Westchester, Suffolk and New York Counties), Hamilton, New Jersey (Mercer County), Providence, Rhode Island (Providence County), Portsmouth, New Hampshire (Rockingham County) and Boston, Massachusetts (Suffolk County).
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