SG Americas Securities LLC Boosts Position in Customers Bancorp, Inc. (NYSE:CUBI)

SG Americas Securities LLC lifted its position in Customers Bancorp, Inc. (NYSE:CUBI - Free Report) by 1,866.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,713 shares of the bank's stock after acquiring an additional 104,134 shares during the period. SG Americas Securities LLC owned 0.35% of Customers Bancorp worth $5,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hood River Capital Management LLC lifted its position in Customers Bancorp by 40.1% during the fourth quarter. Hood River Capital Management LLC now owns 1,470,951 shares of the bank's stock valued at $71,606,000 after buying an additional 421,335 shares during the period. Heartland Advisors Inc. purchased a new position in Customers Bancorp during the 4th quarter valued at about $7,672,000. Shellback Capital LP bought a new stake in Customers Bancorp during the fourth quarter worth about $5,257,000. JPMorgan Chase & Co. grew its holdings in Customers Bancorp by 33.1% in the fourth quarter. JPMorgan Chase & Co. now owns 429,572 shares of the bank's stock worth $20,912,000 after purchasing an additional 106,895 shares during the period. Finally, Gator Capital Management LLC increased its stake in shares of Customers Bancorp by 135.0% during the fourth quarter. Gator Capital Management LLC now owns 178,801 shares of the bank's stock valued at $8,704,000 after purchasing an additional 102,701 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

CUBI has been the topic of a number of analyst reports. Wall Street Zen raised Customers Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Keefe, Bruyette & Woods cut their target price 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. Finally, B. Riley raised their price target on Customers Bancorp from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Customers Bancorp Stock Down 3.2%

Shares of CUBI stock traded down $1.68 during mid-day trading on Friday, hitting $50.22. The company's stock had a trading volume of 250,915 shares, compared to its average volume of 355,611. Customers Bancorp, Inc. has a 52-week low of $40.75 and a 52-week high of $68.49. The business has a 50-day moving average price of $50.03 and a 200 day moving average price of $51.22. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 9.89 and a beta of 1.53.

Customers Bancorp (NYSE:CUBI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $194.28 million during the quarter, compared to analysts' expectations of $165.24 million. During the same quarter in the previous year, the business earned $1.68 earnings per share. Research analysts predict that Customers Bancorp, Inc. will post 6.45 EPS for the current fiscal year.

About Customers Bancorp

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.