Cubist Systematic Strategies LLC Acquires 20,094 Shares of Customers Bancorp, Inc. (NYSE:CUBI)

Cubist Systematic Strategies LLC grew its holdings in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 210.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,658 shares of the bank's stock after purchasing an additional 20,094 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.09% of Customers Bancorp worth $1,444,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Picton Mahoney Asset Management boosted its stake in 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 acquiring an additional 189 shares during the last quarter. R Squared Ltd bought a new position in Customers Bancorp during the 4th quarter worth approximately $42,000. KBC Group NV boosted its stake in 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 acquiring an additional 677 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 1,255 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in 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 acquiring an additional 254 shares during the last quarter. Institutional investors own 89.29% of the company's stock.

Customers Bancorp Stock Performance

NYSE CUBI opened at $54.23 on Tuesday. The company has a fifty day simple moving average of $48.76 and a 200 day simple moving average of $51.26. Customers Bancorp, Inc. has a 12-month low of $40.75 and a 12-month high of $68.49. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.71 billion, a P/E ratio of 10.67 and a beta of 1.51.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.26. The firm had revenue of $194.28 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.68 EPS. Sell-side analysts predict that Customers Bancorp, Inc. will post 6.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their price target 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. DA Davidson lifted their price objective on shares of Customers Bancorp from $68.00 to $71.00 and gave the company a "buy" rating in a report on Monday, January 27th. Stephens reiterated an "equal weight" rating and issued a $58.00 price objective on shares of Customers Bancorp in a report on Friday, January 24th. Finally, Maxim Group lifted their price objective on shares of Customers Bancorp from $75.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Customers Bancorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.80.

Customers Bancorp Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.