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

Arcus Capital Partners LLC bought a new stake in Customers Bancorp, Inc (NYSE:CUBI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,077 shares of the bank's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management raised 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Customers Bancorp in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC raised its position in shares of Customers Bancorp by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,887 shares of the bank's stock valued at $95,000 after buying an additional 403 shares in the last quarter. Summit Investment Advisors Inc. raised its position 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 position in Customers Bancorp during the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.29% of the company's stock.

Customers Bancorp Trading Down 0.7%

Shares of Customers Bancorp stock traded down $0.43 during trading on Friday, hitting $63.44. The company's stock had a trading volume of 236,895 shares, compared to its average volume of 355,451. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.96 and a quick ratio of 0.96. Customers Bancorp, Inc has a 52 week low of $40.75 and a 52 week high of $68.49. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 15.98 and a beta of 1.55. The stock has a 50-day moving average price of $54.79 and a two-hundred day moving average price of $52.08.

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. The company had revenue of $194.28 million for the quarter, compared to analysts' expectations of $165.24 million. Customers Bancorp had a net margin of 10.51% and a return on equity of 11.64%. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Equities research analysts anticipate that Customers Bancorp, Inc will post 6.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CUBI. Wall Street Zen downgraded shares of Customers Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. B. Riley boosted their price objective on shares of Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Customers Bancorp from $65.00 to $70.00 and gave the stock a "market perform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Customers Bancorp currently has a consensus rating of "Hold" and a consensus target price of $65.33.

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.