Arcus Capital Partners LLC Makes New $305,000 Investment in Customers Bancorp, Inc (NYSE:CUBI)

Arcus Capital Partners LLC purchased a new position in shares of Customers Bancorp, Inc (NYSE:CUBI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,077 shares of the bank's stock, valued at approximately $305,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its stake in Customers Bancorp by 47.7% during the fourth 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Customers Bancorp during the fourth quarter worth about $46,000. GAMMA Investing LLC increased its stake in Customers Bancorp by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock worth $95,000 after acquiring an additional 403 shares during the last quarter. Summit Investment Advisors Inc. grew 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 valued at $151,000 after buying an additional 254 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Customers Bancorp in the fourth quarter valued at about $202,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CUBI has been the subject of a number of recent research reports. Wall Street Zen lowered Customers Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods increased their target price on Customers Bancorp from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Friday. Finally, B. Riley increased their target price on Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.33.

Customers Bancorp Stock Down 0.7%

CUBI traded down $0.43 on Friday, reaching $63.44. The company's stock had a trading volume of 236,895 shares, compared to its average volume of 355,451. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 15.98 and a beta of 1.55. Customers Bancorp, Inc has a 1 year low of $40.75 and a 1 year high of $68.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.96 and a quick ratio of 0.96. The business's 50 day moving average is $54.79 and its 200 day moving average is $52.13.

Customers Bancorp (NYSE:CUBI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.26. The firm had revenue of $194.28 million during the quarter, compared to the consensus estimate of $165.24 million. Customers Bancorp had a return on equity of 11.64% and a net margin of 10.51%. During the same quarter in the prior year, the business posted $1.68 earnings per share. As a group, research analysts forecast that Customers Bancorp, Inc will post 6.45 EPS for the current fiscal year.

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.