Customers Bancorp, Inc. (NYSE:CUBI) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its stake in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 65.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,716 shares of the bank's stock after purchasing an additional 32,000 shares during the quarter. Balyasny Asset Management L.P. owned about 0.26% of Customers Bancorp worth $3,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management grew its stake in shares of Customers Bancorp by 47.7% during the 4th quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock worth $28,000 after purchasing an additional 189 shares during the period. R Squared Ltd acquired a new position in shares of Customers Bancorp during the 4th quarter worth $42,000. KBC Group NV grew its stake in shares of Customers Bancorp by 82.8% during the 4th quarter. KBC Group NV now owns 1,495 shares of the bank's stock worth $73,000 after purchasing an additional 677 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Customers Bancorp by 323.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,643 shares of the bank's stock worth $80,000 after purchasing an additional 1,255 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in shares of Customers Bancorp by 8.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock worth $151,000 after purchasing an additional 254 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Customers Bancorp Trading Down 0.6%

Shares of Customers Bancorp stock traded down $0.31 during mid-day trading on Wednesday, hitting $54.19. 226,111 shares of the stock were exchanged, compared to its average volume of 365,521. Customers Bancorp, Inc. has a twelve month low of $40.75 and a twelve month high of $68.49. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 10.67 and a beta of 1.51. The company has a 50-day simple moving average of $48.85 and a 200 day simple moving average of $51.28. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77.

Customers Bancorp (NYSE:CUBI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.26. The business had revenue of $194.28 million for the quarter, compared to analyst estimates of $165.24 million. Customers Bancorp had a net margin of 13.07% and a return on equity of 12.29%. During the same period in the prior year, the firm posted $1.68 EPS. Research analysts forecast that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analysts Set New Price Targets

CUBI has been the topic of a number of research reports. DA Davidson increased their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Stephens reissued an "equal weight" rating and issued a $58.00 price objective on shares of Customers Bancorp in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Customers Bancorp from $67.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Finally, Maxim Group increased their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.80.

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.