51,235 Shares in Customers Bancorp, Inc $CUBI Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Customers Bancorp, Inc (NYSE:CUBI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 51,235 shares of the bank’s stock, valued at approximately $3,349,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Customers Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Yorktown Management & Research Co Inc purchased a new stake in shares of Customers Bancorp in the 3rd quarter valued at $317,000. Amalgamated Bank increased its stake in Customers Bancorp by 3.5% during the third quarter. Amalgamated Bank now owns 8,668 shares of the bank’s stock worth $567,000 after purchasing an additional 290 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Customers Bancorp by 13.0% in the third quarter. Concurrent Investment Advisors LLC now owns 6,285 shares of the bank’s stock valued at $411,000 after purchasing an additional 723 shares during the period. CX Institutional acquired a new position in shares of Customers Bancorp in the third quarter valued at approximately $67,000. Finally, KLP Kapitalforvaltning AS increased its stake in Customers Bancorp by 5.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 6,000 shares of the bank’s stock worth $392,000 after buying an additional 300 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens boosted their price target on shares of Customers Bancorp from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods boosted their target price on Customers Bancorp from $76.00 to $82.00 and gave the stock a “market perform” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Customers Bancorp in a research report on Monday, December 29th. B. Riley reissued a “buy” rating on shares of Customers Bancorp in a research report on Monday. Finally, Hovde Group upped their target price on shares of Customers Bancorp from $70.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.50.

Customers Bancorp Price Performance

CUBI stock opened at $76.50 on Thursday. The business has a 50 day moving average price of $74.14 and a 200 day moving average price of $68.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 12.34 and a beta of 1.61. Customers Bancorp, Inc has a fifty-two week low of $40.75 and a fifty-two week high of $82.56.

Customers Bancorp (NYSE:CUBI) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $2.06 EPS for the quarter, beating the consensus estimate of $2.04 by $0.02. The company had revenue of $236.90 million for the quarter, compared to analyst estimates of $200.38 million. Customers Bancorp had a net margin of 15.15% and a return on equity of 14.05%. During the same period in the prior year, the firm posted $1.36 earnings per share. Equities research analysts anticipate that Customers Bancorp, Inc will post 6.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, Director Bernard Bennett Banks sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $66.93, for a total transaction of $602,370.00. Following the transaction, the director owned 7,524 shares of the company’s stock, valued at approximately $503,581.32. This trade represents a 54.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay S. Sidhu sold 128,185 shares of the business’s stock in a transaction dated 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 $54,851,852.33. The trade was a 13.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 211,900 shares of company stock worth $14,595,664 over the last 90 days. Corporate insiders own 6.92% of the company’s stock.

About Customers Bancorp

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.