Customers Bancorp, Inc. (NYSE:CUBI) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 109.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,302 shares of the bank's stock after purchasing an additional 40,449 shares during the quarter. Jane Street Group LLC owned about 0.25% of Customers Bancorp worth $3,763,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in 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 purchasing an additional 189 shares during the period. R Squared Ltd acquired a new stake in shares of Customers Bancorp in the fourth quarter worth approximately $42,000. KBC Group NV boosted its stake in shares of Customers Bancorp by 82.8% in the fourth 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 shares of Customers Bancorp by 323.5% in the fourth 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 shares of Customers Bancorp by 8.9% in the fourth 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. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on 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. Stephens reiterated an "equal weight" rating and set a $58.00 price objective on shares of Customers Bancorp in a research report on Friday, January 24th. B. Riley lifted their price objective on Customers Bancorp from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson lifted their price objective on Customers Bancorp from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Maxim Group lifted their price objective on Customers Bancorp from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Customers Bancorp has an average rating of "Moderate Buy" and an average price target of $64.00.

Customers Bancorp Trading Up 0.1%

Shares of CUBI stock traded up $0.04 on Friday, hitting $54.54. The stock had a trading volume of 220,276 shares, compared to its average volume of 365,322. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $1.72 billion, a P/E ratio of 10.74 and a beta of 1.51. Customers Bancorp, Inc. has a 1 year low of $40.75 and a 1 year high of $68.49. The company's 50 day moving average price is $49.18 and its 200-day moving average price is $51.49.

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, beating the consensus estimate 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 return on equity of 12.29% and a net margin of 13.07%. During the same quarter in the previous year, the business earned $1.68 EPS. Analysts anticipate that Customers Bancorp, Inc. will post 6.45 earnings per share for the current year.

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.