Customers Bancorp, Inc. (NYSE:CUBI) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,143 shares of the bank's stock after purchasing an additional 53,302 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.72% of Customers Bancorp worth $11,057,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Customers Bancorp by 47.7% in the fourth quarter. Picton Mahoney Asset Management now owns 585 shares of the bank's stock valued at $28,000 after buying an additional 189 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Customers Bancorp by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,098 shares of the bank's stock valued at $151,000 after acquiring an additional 254 shares during the period. Sanctuary Advisors LLC increased its holdings in Customers Bancorp by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 9,714 shares of the bank's stock worth $473,000 after acquiring an additional 302 shares in the last quarter. SG Americas Securities LLC raised its position in Customers Bancorp by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 5,579 shares of the bank's stock worth $272,000 after acquiring an additional 333 shares during the period. Finally, Swiss National Bank lifted its holdings in Customers Bancorp by 1.0% during the fourth quarter. Swiss National Bank now owns 59,200 shares of the bank's stock valued at $2,882,000 after purchasing an additional 600 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Customers Bancorp Stock Performance

Customers Bancorp stock opened at $54.19 on Thursday. The firm has a 50 day simple moving average of $48.92 and a 200-day simple moving average of $51.30. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 10.67 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. Customers Bancorp, Inc. has a 1-year low of $40.75 and a 1-year high of $68.49.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued 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. Customers Bancorp had a return on equity of 12.29% and a net margin of 13.07%. The company had revenue of $194.28 million during the quarter, compared to analyst estimates of $165.24 million. During the same period in the prior year, the business posted $1.68 earnings per share. On average, analysts expect that Customers Bancorp, Inc. will post 6.45 EPS for the current year.

Analyst Ratings Changes

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

Customers Bancorp 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.

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