Customers Bancorp, Inc $CUBI Shares Acquired by De Lisle Partners LLP

De Lisle Partners LLP lifted its position in shares of Customers Bancorp, Inc (NYSE:CUBI) by 22.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 63,658 shares of the bank’s stock after acquiring an additional 11,638 shares during the quarter. De Lisle Partners LLP’s holdings in Customers Bancorp were worth $4,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CUBI. Anatole Investment Management Ltd acquired a new stake in shares of Customers Bancorp during the 2nd quarter worth approximately $17,593,000. Millennium Management LLC increased its holdings in shares of Customers Bancorp by 448.8% during the 3rd quarter. Millennium Management LLC now owns 327,784 shares of the bank’s stock worth $21,427,000 after buying an additional 268,056 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Customers Bancorp by 247,273.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 222,636 shares of the bank’s stock worth $16,279,000 after buying an additional 222,546 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Customers Bancorp by 3,173.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 158,429 shares of the bank’s stock worth $10,357,000 after buying an additional 153,589 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Customers Bancorp by 93.1% during the 2nd quarter. Invesco Ltd. now owns 234,782 shares of the bank’s stock worth $13,791,000 after buying an additional 113,172 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Customers Bancorp Stock Performance

Shares of CUBI stock opened at $78.19 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.81. Customers Bancorp, Inc has a 52 week low of $50.06 and a 52 week high of $82.56. The stock has a market capitalization of $2.65 billion, a PE ratio of 9.92 and a beta of 1.49. The firm has a 50 day moving average of $75.12 and a two-hundred day moving average of $73.54.

Customers Bancorp (NYSE:CUBI) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $1.97 EPS for the quarter, beating the consensus estimate of $1.88 by $0.09. Customers Bancorp had a net margin of 18.63% and a return on equity of 14.12%. The company had revenue of $225.40 million during the quarter, compared to analysts’ expectations of $223.51 million. During the same quarter last year, the company posted $1.54 EPS. The firm’s revenue was up 57.9% compared to the same quarter last year. On average, research analysts predict that Customers Bancorp, Inc will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Customers Bancorp

In other Customers Bancorp news, EVP Philip Watkins sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $75.67, for a total value of $227,010.00. Following the completion of the transaction, the executive vice president owned 43,993 shares of the company’s stock, valued at $3,328,950.31. This trade represents a 6.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Jay S. Sidhu sold 60,315 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $76.23, for a total transaction of $4,597,812.45. Following the completion of the transaction, the chairman directly owned 767,557 shares of the company’s stock, valued at $58,510,870.11. This represents a 7.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CUBI. Morgan Stanley cut their price target on shares of Customers Bancorp from $92.00 to $83.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Piper Sandler restated an “overweight” rating and set a $86.00 price target (up from $82.00) on shares of Customers Bancorp in a report on Monday, April 27th. Weiss Ratings upgraded shares of Customers Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Hovde Group raised their price target on shares of Customers Bancorp from $80.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Customers Bancorp from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.50.

Customers Bancorp Company Profile

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.